Monday City briefs: Bovis, Lloyds, Menzies, Unite
BOVIS: The housebuilder built a record 3,500 homes, up 20% in 2014 and plans between 5,000 and 6,000 a year. PBT + 69% to £133.5 million. A proposed final dividend of 23p making 35p for the year.
LLOYDS BANKING GROUP: UK Financial Investments has overseen the sale of a slug of shares in the bank, reducing the taxpayers’ holding from 24.9% to 23.9%. The Treasury initially held 43% following the bail out in 2009 and has already raised £7.4 billion in disposals. FY results on Friday.
MENZIES: Shore Capital will work alongside the aviation company’s existing broker Numis Securities.
UNITE: Student homes continue to be in demand, driven by record student intake in the current academic year which is likely to grow again next year. Unite says student accommodation is struggling to keep pace. it say it remains well positioned to benefit from the strong market dynamics in the years ahead. New developments in Aberdeen, Edinburgh and Newcastle will add “meaningful upside to future earnings”. A recommended final dividend of 9p makes 11p for the year (2013: 4.8p).