Lloyd Thompson raises dividend
Wednesday 29 March 1995
Lloyd Thompson, the insurance broker, attempted to put a bad year behind it yesterday with a 15 per cent increase in its interim dividend, despite a 4 per cent drop in profits.
The pre-tax results, at £9.2m, were at the top end of expectations after the company warned of a big drop in investment income towards the end of last year. Analysts said the losses would be recovered in the second half and marked up their full-year forecasts to between £20m and £21m.
Ken Carter, chief executive, said all divisions had brought in new business despite tough competition in the market that was driving down rates. The company had positioned itself for future growth by broadening its geographical base.
Lloyd Thompson's share price has been under pressure over the past year after a profits warning connected to the investment income problem and a £10m writ from Commercial Union, the insurer, over business placed with it by the broker.
Lloyd Thompson is vigorously defending the action.
- 1 Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
- 2 Moscow voted the world's unfriendliest city
- 3 The excuses your boss is most likely to believe when you call in sick
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The excuses your boss is most likely to believe when you call in sick
Bono's group has made more money from Facebook investment than from all his music
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don’t change Europe’s attitude to refugees, what will?
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
iJobs Money & Business
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...
Voluntary and unpaid, reasonable expenses reimbursable: Reach Volunteering: St...