Company News in Brief

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The Independent Online
Kwik Save, the discount supermarket group, has agreed to buy 12 stores in Yorkshire and Humberside from William Jackson & Son, the privately owned food group based in Hull, for pounds 13.6m.

James Smith Estates lifted pre- tax profits from pounds 567,000 to pounds 689,000 in the six months to 24 September, bolstered by a 26.7 per cent rise in rental income to pounds 1.2m. Interim dividend is 1.4p (1.25p).

Craig & Rose, the varnish and paint maker, which also provides supplies for the decorating trade, increased pre-tax profits to pounds 134,000 ( pounds 40,000) in the half-year to 30 June. Turnover was up from pounds 2.8m to pounds 3m. Interim dividend is held at 2p.

Six months to 31 August

Airflow Streamline, the engineer and vehicle dealer, boosted pre- tax profits from pounds 5,000 to pounds 860,000, helped by demand for its cab assemblies. Interim dividend is 1p.

Ferguson International, supplier of products and services to the retail and communications industry, rose to pounds 4.7m ( pounds 4.2m) pre-tax profit. Interim dividend is held at 4.25p.

Six months to 30 September

Suffolk Water improved pre-tax profits from pounds 1.8m to pounds 2.4m. Turnover increased from pounds 7.4m to pounds 8.2m. Interim dividend is raised to 23.7p (23.6p).

Essex Water Company eased from pounds 9.5m to pounds 9.4m pre-tax profit. Turnover rose to pounds 33m ( pounds 31.5m); dividend rose to 36.8p (36.6p).

London Atlantic Investment Trust's net asset value per share shrank to 74p (84.6p) as at the end of the six-month trading period. Interim dividend improved to 0.78p (0.75p).

Scottish & Mortgage Trust is paying a higher dividend of 1.35p (1.3p). Net asset value per share at the end of the period stood at 183.2p. Pre-tax revenue advanced to pounds 11.8m ( pounds 11.6m).

New Throgmorton Trust has maintained the second interim dividend payout of 1.5p, to keep the total unchanged at 3p. Net asset value per capital share was almost halved to 99.5p (188.8p).