Business & Investment

Market Report: Investors Hand Up Boost As Dividends Return

Market Report: Investors handed back as dividends returned with three companies planning to pay more than £ 243m

Retail shareholders were celebrating last night as the three companies promised to pay £ 243m after the 2020 dividend drought.

Furniture group Dunelm resumed payments after a surge in sales despite the store blockade.

Online sales more than doubled in the six months to the end of December as Britons stocked up one sea, cozy thermal lining curtains and crafts for the winter at home.

Divi’s Joy: Furniture group Dunelm, packaging giant Smurfit Kappa, and FTSE 250 homebuilder Redrow have promised a total payment of £ 243m.

Revenues were up 23% to £ 719m and profits were up more than a third to £ 112m, but they were classified as non-essential retailers and forced the store to close.

The fast-growing sales meant that they had enough cash in their weapons to resume the distribution of dividends.

Shares rose 6.2% (78 pence) to 1339 pence last night after plans for a half-year payment of £ 24 million, worth 12 pence per share, were revealed.

Packaging giant Smurfit Kappa, the first company to recover dividends on the FTSE 100 last year, also brought a great surprise to its supporters.

Stock Watch-Deepverge

A company that creates human-like skin for a group of pharmaceuticals and cosmetics to test products has opened two virus containment laboratories.

The Deepverge unit, headquartered in York, will emerge after the technology has been used to investigate how the coronavirus behaves on human skin.

This allowed researchers working with several universities and businesses to find out what kind of hand sanitizers, chemicals, and antiviral products can kill the virus. The stock price rose 4.1% (1.25p) to 32p.

We have increased the amount to be repaid in the final dividend by 8% to about 77p per share, or about £ 198m.

The company’s share price rose 1.6% (58p) to 3598p, but prospered during the pandemic as online shopping drove demand for boxes.

I was also able to repay all the money I received from government plans related to the pandemic.

While Dunelm and Smurfit made a profit, the FTSE 250 homebuilder Redrow was in the red, 3.8% (21.5) despite reintroducing a dividend of £ 21m per share, which is equivalent to £ 21m. p) It fell to 550p.

Redrow saw sales of £ 1 billion in the first half as thousands of people took advantage of stamp duty holidays and rethought what they wanted from their homes after months of work during the pandemic. Recorded a record increase.

It sold 3,065 homes in the six months to December, and said demand remained strong after the tax exemption period at the end of March.

However, the sector has reached a bruise day as the dangerous cover issue has been refocused. Construction giant Persimmon, listed on Footsea, surprised traders by announcing that it had secured an additional £ 75m to fund the exchange of cladding at 2704p, down 2.8% (79p).

About 26 of its properties can be affected by the need to remove dangerous materials from skyscrapers.

Thousands of apartment owners face huge bills for improvement and find it difficult to sell their homes under new safety rules introduced after the 2017 Grenfell Tower fire that killed 72 people I am.

The announcement was made yesterday when housing minister Robert Jenrick announced £ 3.5 billion to resolve the coating crisis.

Fellow builders Barratt Developments (2.5%, or 17.6p, 680p) and Taylor Wimpey (4.2%, or 6.95p, 158.95p) have fallen into the red and other homebuilders focused on the wider market. It was one of. ..

The FTSE 100 fell 0.1% (7.20 points) to 6524.36, and the FTSE 250 fell 0.6% (116.50 points) to close at 20,996.44, despite a surge in mining stocks that normally remain in the black. It was.

SSP, the owner of cafes at airports and train stations, fell 5.1% (17p) to 317p after being reported to raise an additional £ 500m in the hands of shareholders.

Operators of the Upper Crust and Cafe Ritazza were confused during the third blockade.

In an emergency stock sale last March, he deposited £ 216 million in a bank and sought help from the government.


Market Report: Investors Hand Up Boost As Dividends Return Market Report: Investors Hand Up Boost As Dividends Return

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