Open this photo in gallery: A Royal Bank of Canada logo is seen on Bay Street in the heart of the financial district in Toronto.Mark Blinch/Reuters Royal Bank of Canada’s quarterly profit came in well above analysts’ estimates, as it set aside less money than anticipated for soured loans and …
Read More »Sunday share tips: Londonmetric – Sharecast.com
The Financial Mail on Sunday‘s Midas column tipped shares of LondonMetric to its readers, highlighting its long record of dividend payouts, focus on the fast-growing bits of the economy and “rude” financial health. LondonMetric had been paying out dividends for nine years and Midas expected the current year to be …
Read More »Sunday share tips: Spectra Systems, Domino’s Pizza
The Sunday Times’s Lucy Tobin spied an opportunity in shares of Domino’s Pizza. In particular, she noted that the takeout outfit was due to benefit from Euro 2024 and the attendant boost to marketing spend. Its growth plans, with 70 new stores planned for 2024, investment in its app and …
Read More »Sunday share tips: Centrica, Lancashire Holdings
The Sunday Times’s Lucy Tobin told her readers to book their profits in Centrica and ‘sell’. Yes, the energy outfit had benefitted tremendously from the disruptions brought on by the war in Ukraine. Indeed, it had shifted from net debt of £3bn in 2021 to £2.7bn of net cash. But …
Read More »RBC profit falls 14%, misses forecasts as banks set aside more money for bad loans
Open this photo in gallery: A sign for Royal Bank is seen in Toronto in this file photo.CARLOS OSORIO/Reuters Royal Bank of Canada RY-T reported a drop second-quarter profit and missed analysts’ estimates as a worsening economic outlook drives lenders to set aside more money for loans that could turn …
Read More »Sunday share tips: Billington Holdings, Henry Boot
The Financial Mail on Sunday‘s Midas column touted shares of steel group Billington Holdings. The tipster highlighted the company’s move into multiple high-growth fields, ranging from movie studios to renewable energies, data centres or online warehouses. Among its green projects was the recent construction of energy-from-waste plants, including that at …
Read More »Banks brace for slowdown as profits come under pressure
Two major Canadian banks are once again building reserves to guard against loan defaults as uncertainty mounts about the prospects of an economic downturn, with Royal Bank of Canada CEO Dave McKay warning that “the end of an economic cycle” is getting nearer. RBC’s RY-T third-quarter profit fell 17 per …
Read More »RBC hikes dividend, posts profit gain as COVID-19 risks recede
Royal Bank of Canada RY-T reported higher second-quarter profit and raised its quarterly dividend as the bank sees risks related to the COVID-19 pandemic receding, which allowed it to claw back hundreds of millions of dollars in loan loss provisions. RBC is the fourth major bank to report earnings for …
Read More »Royal Mail plc Proposes Final Dividend for the Fiscal Year 2021-22, Payable on September 6, 2022
Royal Mail plc announced that The Board is proposing a final dividend of 13.3 pence per share. Combined with the interim dividend of 6.7 pence per share paid in January 2022, this gives an ordinary dividend for Fiscal Year 2021-22 of 20 pence per share, and is in line with …
Read More »RBC hikes dividend 11%, plans share buyback as earnings fall short of expectations
Royal Bank of Canada’s quarterly profit of $3.9-billion was up 20 per cent year over year but down from the third quarterMark Blinch/Reuters Two major Canadian banks have reported higher fourth-quarter profits and large dividend hikes but still failed to meet Bay Street’s expectations, as narrowing profit margins and lower …
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