BUSINESS CLOSE: Britvic lifts dividend; Johnson Matthey announces share buyback; ex-M&S boss Rose to chair Asda; LV could have Jersey HQ
Robinsons squash maker Britvic posted a leap in annual profits as pandemic restrictions eased and the drinks giant forecast further progress over the year ahead.
The group reported pre-tax profits of £142.9million for the year to 30 September, up from £111.2million the previous year.
Chemicals maker Johnson Matthey has unveiled plans for a share buyback of £200million after seeing its half-year underlying operating profit more than double, ending up above pre-pandemic levels.
The group said its performance had been bolstered by higher precious metal prices and solid demand.
Former Marks & Spencer boss Stuart Rose has been appointed chairman of Asda by the billionaire Issa brothers.
The 72-year-old will be joined in the supermarket chain’s boardroom by former Land Securities chairman Dame Alison Carnwath, 68, who becomes a non-executive director.
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