August 12, 2022

BUSINESS LIVE: Travis Perkins shrugs off challenges as gross sales surge; Abrdn income speed up; Shareholder payouts set for file 2022

Constructing supplies provider Travis Perkins posted a 24 per cent rise in annual revenues in 2021 to £4.6billion because the agency efficiently navigated challenges round inflation and product availability.

Working income got here in at £349million for the yr, far exceeding 2020’s complete of £26million and assembly market expectations after the agency lifted its steerage in October.

British asset supervisor Abrdn noticed adjusted working income rise by 47 per cent in 2021 to £323million, with chief government Stephen Hen hailing a ‘reset yr’ wherein the agency made ‘enormous strides ahead’ in its three-year progress technique.

Abrdn’s belongings beneath administration and administration rose 1 per cent to £542billion, as funding efficiency restricted the impression of £6.2billion of internet outflows suffered over the course of the yr

Traders world wide are set for bumper payouts this yr with dividends set to hit new file highs and firms more and more choosing share buybacks, a brand new report reveals.

World dividend payouts are anticipated to achieve a recent file of $1.52trillion in 2022, which might characterize a headline enhance of three.1 per cent from 2021, in response to the most recent Janus Henderson world dividend index.

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