Trailing 12 Month Performance: FTSE 350 TR Index = 19.7% Munro X Acc = 16.1% (Source: Bloomberg 27/05/10)
Yesterday the FTSE 350 Index closed up 2.0% at 2654.8.
Ferrexpo Plc (LON:FXPO) said that sales demand for the year-to-date has been very strong. Prices have been significantly ahead of the first quarter and as a result the Board expects the Group to realise a strong performance as a result of a positive outlook for prices in the remainder of the year compared to 2009 levels.
Cable & Wireless (LON:CWC) Communications released result for the year ended 31st March 2010 in which it reported a successful year following the demerger. The Group reported EBITDA of $866m. As indicated in the demerger prospectus the Board has recommended a final dividend of 3.34p.
JJB Sports Plc (LON:JJB) saw revenue fall 22.6% to £361.1m in the year ended 31st January 2010. Overall, the Company reported a loss before tax of £68.6m compared to a loss of £170.2m for the previous year. As with the previous year, the Board has not recommended the payment of a final dividend.
Man Group (LON:EMG) reported profit before tax of $541m for the year ended 31st March 2010, down from $743m the previous year. The Board has confirmed that it will recommend a final dividend of 24.8 cents giving a total dividend of 44 cents for the year. As previously announced, the Board intends to rebase the dividend to a sensible level, and to adopt a progressive dividend policy henceforward. Therefore, it is the intention of the Board to recommend a total dividend of at least 22 cents for 2011.
Qinetiq Group (LON:QQ.) said that revenue for the year was up slightly to £1,524.4m. Profit before tax was down £44.5m to £120.3m. The Board is recommending that no dividend payment be made either of a final dividend for the year just ended or of an interim dividend for the current year. It is the Board’s expectation that the Group will pay a final dividend with respect to the financial year ending 31st March 2011.
