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Charles Taylor lifts dividend as interim profit jumps

Fri, 28th Aug 2015 10:30

(ShareCast News) - Insurance services provider Charles Taylor posted higher interim profit and revenue, boosted by a steady progress in its management services.In the six months to 30 June, the London-listed group posted a 29.2% year-on-year increase I pre-tax profit to £5.3m, while revenue jumped 22% to £69.1m.The company, which launched a Lloyd's of London managing agency and acquired an international lifer insurer this year, added administrative expenses rose 22% year-on-year to £61.1m in the first quarter.In April, the group raised £28.9m after expenses in a rights issue, adding the funds will be used for acquisitions and investing into new joint ventures."We are currently evaluating a number of acquisition, joint venture and business investment opportunities which have the potential to be a good strategic, cultural and financial fit with the group's existing businesses," said group chief executive David Marock.He added the group had made a positive start to the second six months of 2015, with the management services and support services divisions both performing well.The company increased its interim dividend to 3.00p from 2.85p.Charles Taylor shares were down 2.68% to 236.00p at 1045 BST on Friday.
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3 May 2018 11:40

Charles Taylor Snaps Up Latin America-Focused Inworx, To Raise Funds (ALLISS)

LONDON (Alliance News) - Insurance services provider Charles Taylor PLC on Thursday announced a GBP17.6 million share placing to fund a new acquisition.The company is to buy the Inworx of I

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19 Apr 2018 16:13

UK Dividends Calendar - Next 7 Days

Friday 20 April Securities Trust of Scotlanddividend payment dateRanger Direct Lending payment UK

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15 Mar 2018 09:53

BROKER RATINGS SUMMARY: Barclays Reviews Banks, Goldman Property Firms

LONDON (Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:----------FTSE WITH

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14 Mar 2018 09:43

Charles Taylor Increases Final Dividend Despite Fall In Annual Profit

LONDON (Alliance News) - Charles Taylor on Wednesday reported a drop in profit for 2017 despite a strong increase in revenue, though the company has increased its final payout

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7 Mar 2018 16:11

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday March 8 G4SFull Year ResultsAvivaFull Year Year Year EnterprisesHalf 9

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11 Jan 2017 13:29

DIRECTOR DEALINGS: Charles Taylor Executive Sells Share

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24 Nov 2016 16:38

DIRECTOR DEALINGS: Charles Taylor Chairman Ups Interest

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22 Nov 2016 11:07

Charles Taylor warns on 2017 earnings, announces acquisition

(ShareCast News) - Charles Taylor announced the acquisition of a closed book of life assurances from Zurich International for up to £4m, as it said 2017 earnings are now expected to be below market views. The insurance services group said the deal is part of its strategy to make tactical acquisition

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30 Aug 2016 07:13

Charles Taylor Reports Increases In Revenue And Profit In First Half

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23 Aug 2016 15:12

UK Earnings, Trading Statements Calendar - Next 7 Days

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26 Jul 2016 15:23

Charles Taylor nabs CEGA Solutions for £29.8m.

(ShareCast News) - Insurance services provider Charles Taylor has acquired CEGA Solutions, a provider of technical medical assistance and travel claims management services, for up to £29.8m. The deal was via a Charles Taylor subsidiary and added technical, high value-add services. CEGA Solutions wa

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26 Jul 2016 07:31

Charles Taylor Acquires CEGA Group For Up To GBP29.8 Million (ALLISS)

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10 May 2016 15:09

AGM, EGM Calendar - Week Ahead

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29 Apr 2016 15:00

Dividends Calendar - Week Ahead

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21 Apr 2016 15:30

Director dealings: Sthree director offloads to pay tax

(ShareCast News) - Recruiter Sthree's US operations director Steve Quinn sold £132,000 worth of the company's shares the morning of its annual general meeting. Quinn sold 40,000 shares at a price of 330p in order to discharge a tax liability and still has 264,054 shares in the company. Recent first

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