Lubricants add shine to Burmah Castrol results
Tuesday 12 April 1994
However, the figures were flattered by movements in exchange rates. Analysts estimated that underlying increase was less than 10 per cent.
The company said the performance of Castrol in North America and South Asia was particularly good. Lawrence Urquhart, the chairman, said trading had been encouraging but it would be rash to count on a swift economic recovery in Europe and Japan. Earnings per share rose 35 per cent to 54p and the final cash dividend was increased to 11p, making a total of 27.5p compared to 26.3p.
For the second time Burmah is poised to relieve surplus payments of advance corporation tax by encouraging shareholders to take shares instead of cash in lieu of dividends.
The scrip dividend alternative is pitched at a 50 per cent premium to the cash payment and would save about pounds 4m in tax. Taken with the saving already made, the enhanced scrip will reduce Burmah's ACT surplus from pounds 31m to about pounds 19m.
Bottom Line, page 28
- 1 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 2 Frank Lampard's face drops when Holly Willoughby introduces him as a 'Man City legend'
- 3 UK weather: Britain braced for snow as arctic air mass moves in
- 4 Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
- 5 General Election 2015: Stephen Hawking says he will vote Labour
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
Andrew Lloyd Webber: Phantom of the Opera writer mocked after issuing a warning about Ed Miliband and Nicola Sturgeon
General election 2015: Labour will toughen hate crimes legislation surrounding Islamophobia
HSBC review into moving headquarters from UK 'underway'
iJobs Money & Business
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...
£25 - 30k: Guru Careers: We are seeking an Application Support Analyst / 1st L...
£45K - £55K (DOE) + Benefits: Guru Careers: We are seeking a full stack .NET D...