UK dividends fall sharply amid mining payout cuts Investing UK dividends fell sharply throughout last quarter as the mining sector cut dividends by £2.6bn and a strong pound pushed down payouts. Dividends from UK companies totalled £25.6bn in the third quarter, down £2.6bn or 8.1 per cent from the same period last year, according to the latest Dividend Monitor report from Computershare. The drop [...]
Trustpilot shares jump on earnings beat and £20m buyback Tech Shares in Trustpilot have jumped after the global review platform reported higher-than-expected earnings for the first half of 2024 and unveiled a new share buyback. The FTSE 250 firm gained as much as 9.3 per cent in early trading on Wednesday. Its stock price has surged 157 per cent over the last 12 months. Trustpilot [...]
Investors brace for wave of share buybacks from UK companies Investing The UK is on the cusp of a “regime change” in corporate attitudes towards share buybacks, Panmure Liberum analysts have said. Looking through financial statements, Panmure Liberum analysts Joachim Klement and Susana Cruz found that mentions of buybacks have risen 144 per cent over the last year for FTSE 100 companies, with a 79 per [...]
Santander launches £1.3bn share buyback under new payout scheme August 27, 2024 Santander has launched a share buyback for up to €1.5bn (£1.3bn) as the banking giant fulfills its promises to boost investor payouts.
Riverstone Energy share buyback programme marches on after £158m spending spree August 21, 2024 Riverstone Energy’s underlying assets per share ticked up seven per cent over the last six months, as the company continued an aggressive share repurchase programme. Riverstone’s monster share buyback programme has helped the energy-focused investment trust outperform its peer group over the past one and three years. The trust’s share price has returned 42.2 per [...]
Vodafone launches next stage of £3.4bn shareholder value return plan August 7, 2024 Vodafone has launched the next stage of its share repurchase programme worth up to €500m (£430m). In March, the firm said it would return €4bn (£3.4bn) to shareholders as part of a broader capital allocation review in an attempt to appease jittery shareholders following asset sales. It kicked off the return in May with an [...]
Haleon posts profit bump on back of power brands August 1, 2024 Consumer healthcare company Haleon has reported mid-single-digit growth amid strong demand for its power brands despite a soft market.
Just Eat: Shares spike, but is there trouble ahead? July 31, 2024 Just Eat beat market expectations in its first-half results and announced a share buyback of up to €150m (£126m). The market responded well: the takeaway giant’s share price rose by over eight per cent on Wednesday. True, adjusted earnings before interest, tax, depreciation and amortization (EBITDA) at the Amsterdam-headquartered company surged 42 per cent, but [...]
Centrica: British Gas gets taste of normality after two years of bumper profits July 25, 2024 The owner of British Gas has blamed "normalising" market conditions after two years of bumper results for its heavy slide in profit in the first half of this year.
Pets at Home launches £25m share buyback programme amid slow sales growth June 24, 2024 Pets at Home's share buyback will be undertaken in two phases, the first of which begins today and ends before September 27, 2024, and follows £100m in completed buybacks over the last two years.