New Star is proposing a £1.25 per share return of capital to shareholders, following its planned LSE...
New Star is proposing a £1.25 per share return of capital to shareholders, following its planned LSE listing in June 2007. Annual results for 2006 released today show the company’s net revenue is up 41% to £133.9m from £95.1m in 2005, with assets under management up 26% to £22.8bn at 31 December 2006. John Duffield, chairman at New Star, said the company’s first full year as a quoted public company has been one of record organic growth in retail business, and good returns both to customers and shareholders. Duffield said the Board is recommending a final dividend of 5p per share, brin...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
