Rebase...or do you mean cut? KISS!28 Jun 2018 08:24
"The Group remains in a good financial position and net debt has reduced in the year. Whilst the Board understands the importance of dividends to its shareholders, the Board also feels the dividend needs to be set at a level from which it can grow over time as well as being covered by normalised non-rail cash flows. Given these factors, the Board has taken the decision to rebase the dividend to 7.7p for the full year, a level we view as sustainable. We have maintained our expectation of adjusted earnings per share for 2018/19."