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Cello hikes dividend after fruitful second half

Wed, 13th Mar 2013 08:25

Marketing firm Cello Group said after a challenging first half, it recovered strongly in the second half, as it looks forward to further progress in the current year.Gross profit rose 7.2% to £65.1m for the year to December 31st 2012 with like-for-like gross profit up 2.6% despite the challenging first half.Headline operating profit fell to £7.7m from £7.8m while headline pre-tax profits slipped to £7.0m from £7.1m. Chief executive Mark Scott said: "2012 has seen the group continue to grow its pharmaceutical expertise in the UK and overseas markets. The recent acquisition of Mash Health, combined with centralised new business activity and further organic investment, will continue this progress into 2013." "We are confident that both these factors will combine to deliver a successful 2013 performance and as an indicator of that confidence we have raised the dividend by 16.3%, the sixth successive year of dividend growth."Cello said momentum is continuing in the early stages of the current year.The group has proposed a full year dividend of 2.0p per share compared to 1.72p last time.CJ
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13 May 2014 07:29

UK MORNING BRIEFING: Taylor Wimpey Leads Strong FTSE 250

LONDON (Alliance News) - Mid-cap stocks are leading London equities higher at the open Tuesday, following a strong lead in from the US and Asia, particularly Tokyo.

Taylor Wimpey is leading the mid-cap FTSE 250, up 5.7%, after saying it expects to deliver a big incr

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25 Apr 2014 08:54

Cello Acquires Edinburgh-Based Digital Agency Line Digital Ltd

LONDON (Alliance News) - Marketing firm Cello Group PLC Friday said it has acquired Edinburgh-based digital agency Line Digital Ltd to boost its Cello Signal business. The company did not disclose any financial details regarding the transaction. Line Digital specialises in web design

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25 Apr 2014 07:41

Cello Group acquires Line Digital

Marketing firm Cello Group announced it has acquired web design company Line Digital in order to reinforce its digital capability. The Edinburgh-based agency, which specialises in online marketing, provides for clients such as Standard Life, Tesco Bank, Travel Corp and Edinburgh Fringe. The group h

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31 Mar 2014 10:41

Monday broker round-up UPDATE

African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating. Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating. ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight reco

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20 Mar 2014 12:49

Cello Group Sees 2013 Profit Increase

LONDON (Alliance News) - Cello Group PLC Thursday reported an increase in profit and revenue for the full-year, reflecting a strong performance across the business. The marketing consultancy group posted pretax profit of GBP5.5 million for 2013, up from GBP1.4 million, as revenue rose 18.2%

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20 Mar 2014 08:34

UK MORNING BRIEFING: Shares Open Lower On Yellen Rates Comment

LONDON (Alliance News) - Shares have opened lower Thursday, as markets around the world react to Fed Chair Janet Yellen's hint of an earlier-than-expected rise in US interest rates. The CEO of handbag firm Mulberry has stepped down after only two years in the job.

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