New Star proposes return of capital following LSE listing

clock

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

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Equities

Stock pickers urge caution over rapid return to US equities

Stock pickers urge caution over rapid return to US equities

Quilter and Fidelity

Linus Uhlig
clock 01 July 2025 • 1 min read
Deep Dive: US equities may not have peaked but do require greater selectivity

Deep Dive: US equities may not have peaked but do require greater selectivity

Amid equity rebalancing

Linus Uhlig
clock 13 June 2025 • 4 min read
Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Jan de Bruijn, Director, Emerging Market Equities, Robeco
clock 06 June 2025 • 5 min read
Trustpilot