Findel raises £600k after selling unit to address debt

first_img whatsapp Share KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Show Comments ▼ Findel raises £600k after selling unit to address debt Thursday 12 August 2010 8:25 pm HOME shopping and education supplies firm Findel said it would sell a unit, which includes its gadgets and gifts business, to online retailer The Hut Group in a cash deal worth £600k to help reduce its debt pile.Findel, whose net debt stood at £309.6m as of 2 April, had earlier said its level of net debt was too high. Operations of the unit CWIO comprise online retailer of gadgets and gifts iwantoneofthose.com and Confetti, a multi-channel retailer for bridal products.The sale of CWIO, formerly known as Findel Direct, forms a part of the company’s strategy to exit non-core and loss-making operations. For the year ended 2 April, the multi-channel retailer had reported an adjusted pre-tax profit of £13.8m from continuing operations, compared with a restated £29.2m in 2009.Shares in Findel plummeted in July after the disclosure of a £76m pre-tax statutory loss and worries about its high debt levels. Findel’s shares closed 2.7 per cent lower yesterday at 6.61p. Tags: NULLlast_img read more

3M agrees to buy Cogent in $900m deal

first_img Share 3M agrees to buy Cogent in $900m deal whatsapp Monday 30 August 2010 8:53 pm KCS-content Tags: NULL whatsapp Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof DIVERSIFIED US manufacturer 3M said it would buy Cogent for $943m (£610m), paying a nearly 18 per cent premium for the maker of identification systems used to screen travellers at border crossings.3M said it would pay $10.50 a share. Cogent shares jumped 22 per cent to $10.90 in unusually heavy trading, topping the offer price, suggesting the market considers a rival bid possible. 3M shares were down $1.00 at $80.00.Cogent makes automated fingerprint and palmprint identification systems — called biometrics — that allow its customers to capture fingerprint and palm print images electronically.Analyst Josephine Millward of Benchmark said the deal values Cogent at about 6.6 times estimated 2011 earnings before special items, whereas other deals in the homeland security and defense sectors have produced multiples of at least eight. She said other bidders may emerge.Potential rival bidders include information technology services companies and systems integrators such as Danaher and Computer Sciences, as well as Lockheed Martin and Northrop Grumman, Millward said She rates Cogent shares “buy,” with a $14 price target.3M makes systems for creating and validating documents like passports, as well as technology used at national borders. It said the deal will help it expand in the market for law enforcement systems. last_img read more

Probe launched into energy companies’ “mis-selling”

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ Thursday 2 September 2010 5:17 am whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Share center_img Energy regulator Ofgem is launching an investigation into whether four of the big gas and power suppliers are mis-selling products to customers.Ofgem’s probe will determine if EDF Energy, RWE Npower, Scottish and Southern Energy, and Iberdrola’s Scottish Power are complying with obligations brought in last October which were aimed at preventing households being mis-sold energy contracts.“Suppliers have existing obligations to detect and prevent mis-selling and new licence conditions were brought in following our probe to further increase protection for customers,” Andrew Wright, Ofgem’s senior partner of markets, said.Consumer protection groups welcomed the investigation and said current practices still encouraged utilities to mis-sell products.“Some customers are still being given misleading quotes and information, which leave them worse off when they switch provider,” Audrey Gallacher, Head of Energy at Consumer Focus, said.“While many doorstep sales people will do a good job, the pay and rewards system continues to encourage mis-selling, despite years of regulation and voluntary initiatives.”Ofgem fined Npower £1.8m in 2008 for mis-selling, and London Electric (now part of EDF Energy) £2m. John Dunne whatsapp Probe launched into energy companies’ “mis-selling” Tags: NULLlast_img read more

Demand for winter gas set to surge as National Grid prepares for cold weather

first_img BRITAIN’S winter gas demand is expected to rise by 3.8 per cent compared with last winter as more gas is forecast to be used for power generation, National Grid said yesterday. In the power sector, peak demand levels are expected to be slightly lower than last year’s at 57.7 gigawatts (GW), while available power generation is expected to reach 66.3 GW, the grid operator said in its final winter outlook report. “Gas and electricity demand is manageable and should be met even in a very cold winter,” National Grid said in a statement. Gas demand for power generation this winter will be 1bn cubic metres (bcm) higher than the weather-corrected estimate for last year at 17.6 bcm. Even though no clear forecast has been made as to which fuel will be this winter’s baseload resource, gas is expected to be the fuel of choice over the first two winter months. National Grid also reviewed its seasonal weather assumptions following last year’s cold winter. The grid operator also said that installed power production capacity could rise to 83 GW by the end of the winter. whatsapp Show Comments ▼ Tags: NULL Thursday 7 October 2010 7:29 pm Demand for winter gas set to surge as National Grid prepares for cold weather center_img More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com KCS-content whatsapp Share Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndolast_img read more

Russia hoping to sell stake in VTB?for $3bn

first_img whatsapp Russia hoping to sell stake in VTB?for $3bn KCS-content THE Russian government hopes to sell a 10 per cent stake in VTB, the country’s second biggest lender, for at least $3bn (£1.9bn) in late 2010 or early 2011, first deputy Prime Minister Igor Shuvalov said yesterday.The sale is set to kick-off Russia’s biggest privatisation campaign since the 1990s, with the government hoping to raise a total of some $50bn.“Assuming the circumstances are fortuitous and the market does not suffer sharp volatility … we can sell the (VTB) shares by the end of the year or at the start of 2011,” Shuvalov said. “If we are now talking about 10 per cent of VTB, then it is at least $3bn.”A source said last month the Kremlin had backed talks with US private equity group TPG for the stake, but VTB chief Andrei Kostin said no investor had been finally decided. Among other companies up for sale in coming years is VTB’s bigger rival Sberbank, which is around 60 per cent state owned. Show Comments ▼ Tuesday 12 October 2010 8:46 pm Share More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com whatsapp Tags: NULLlast_img read more

First Quantum acquires new Peruvian mine

by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Share First Quantum acquires new Peruvian mine whatsapp Tags: NULL Show Comments ▼center_img Monday 18 October 2010 7:46 pm KCS-content Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap FIRST Quantum Minerals said it has paid C$460m (£285m) for Antares Minerals yesterday, in a move to diversify following the confiscation of its copper mine in the Democratic Republic of Congo. Antares’ principal asset is the Haquira copper project in southern Peru, which contains around 3.7m tonnes of copper equivalent. It also lies next to Xstrata’s Las Bambas copper-gold project, and First Quantum chairman Clive Newall said the two companies could work together. “There are some potential synergies in the region with Xstrata. The infrastructure in the area is relatively undeveloped,” he said yesterday. “It’s unlikely that we would be sharing a pipeline, but we could share power supplies.”First Quantum paid investors in Canada-based Antares a 41 per cent premium on Friday’s closing share price. The Peruvian mine will not be ready for mining for around 18 months, Newall said, but engineers will be on the site soon after the sale. The mine can produce 230,000 tonnes of copper concentrate a year in the first 10 years, and will account for just less than a third of First’s total copper production by 2015, Newall said. The purchase was not just a result of the loss of the company’s Congolese assets after the government seized its Kolwezi mine, Newall said, adding: “It has been part of our strategy to look for the right project in Latin America.”First Quantum is in arbitration with FTSE 100-listed miner ENRC, after the Congolese government cancelled First’s licence at the Kolwezi mine and later sold it to ENRC. ENRC has said it carried out extensive due diligence and it would vigorously challenge First Quantum’s legal claim to the $750m project. read more

Supergroup sales in lift from abroad

first_img whatsapp Supergroup sales in lift from abroad KCS-content whatsapp Share Wednesday 10 November 2010 7:54 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comFacty Vroom20 All-Time Favorite Classic Cars Americans Could Not Forget [Gallery]Facty Vroom Show Comments ▼ Tags: NULL SUPERGROUP yesterday said it had opened a record number of stores abroad in the last quarter – as sales surged by 68.4 per cent.The company, which is behind the Superdry label, saw sales jump to £57.5m in the three months to 31 October. Supergroup opened a record 14 franchise stores overseas in the quarter, including its first in the United Arab Emirates, bringing the total to 49. The company also launched eight stores in the UK and a further 13 concessions in House of Fraser department stores.The Superdry label has been boosted by celebrities, including David Beckham, who wear the clothes.Chief executive Julian Dunkerton said: ‘These figures really demonstrate the solid progress we are making as a brand and as a retail company. The autumn range has been well received by the public and our roll-out is on track both in the UK and internationally.” The business floated in March and the share price has soared since. last_img read more

Travelodge looks to tap into concert venues with raft of hotel openings

first_imgSunday 14 November 2010 10:14 pm Tags: NULL whatsapp Show Comments ▼ Share Travelodge looks to tap into concert venues with raft of hotel openings whatsapp BUDGET hotelier Travelodge has exchanged contracts on two new hotels next to the MEN Arena in Manchester and Birmingham’s NEC.The £24m hotels deal will see 200 rooms built at each site, specifically chosen due to the increased popularity of live music, comedy and the enduring popularity of conference and exhibitions. The deals follow recent Travelodge exchanges near London Excel, the Liverpool Echo Arena and the Metro Radio Arena in Newcastle.Travelodge, which operates 452 hotels accounting for 30,504 rooms in the UK, Ireland and Spain, plans to grow its estate to 70,000 rooms or around 1,000 hotels by 2020.Paul Harvey, managing director for development at Travelodge, said: “The explosion in the popularity of live music and comedy events over recent years saw our hotels located near to arenas out perform expectations during the recession.“The NEC in Birmingham and the MEN in Manchester both attract the biggest acts, conferences and events from around the world so I am delighted we have been able to secure these locations. We have identified another three arenas we are looking to build in close proximity to and I hope we will secure those deals soon.”Travelodge is now seeking other potential sites near arenas. A focus is on London’s O2 in Greenwich, Wembley Arena and the SECC in Glasgow. Existing hotels near these popular concert and event venues have hit 100 per cent occupancy on nights when a major event is being held, Travelodge said. More From Our Partners Man on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.com KCS-content last_img read more

Anglo sells off metals assets in $932m deal

first_img Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Sunday 14 November 2010 11:20 pm KCS-content Tags: NULLcenter_img whatsapp More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Anglo sells off metals assets in $932m deal ANGLO American yesterday said it was to sell Scaw Metals assets to Australian steel product manufacturer OneSteel for $932m (£578.3m), a step in an ongoing streamlining programme for the mining group.Anglo said it was selling Chile-based Moly-Cop and Canada-based AltaSteel, its grinding media and steel products businesses in the Americas.“Following the $1.3bn divestment of our zinc portfolio in May, the sale of Moly-Cop and AltaSteel represents further strategic progress as we continue to focus on our core commodity businesses and on the delivery of our major near-term growth projects,” chief executive Cynthia Carroll said.Anglo had previously said it would create seven new decentralised business units and put non-core assets worth about 11 per cent of 2008 core earnings, including Scaw Metals, for sale as it attempted to streamline its business.OneSteel chief executive Geoff Plummer said the purchase would give the company “a great platform for future growth in mining consumables”.Under the agreement, economic interest in the business passes to OneSteel with effect from 1 July 2010. Completion of the transaction is conditional on antitrust clearance in Canada and it will undergo regulatory review in Australia and Brazil.Anglo American said it will continue the divestment programme it announced in October 2009. Earlier this year Anglo agreed to sell its zinc units to UK rival Vedanta for $US1.3bn (£806.6m). Last year, Anglo-American axed 23,400 jobs and fought off a hostile takeover bid by Swiss miner Xstrata. Show Comments ▼last_img read more

Infineon to pay first dividend in a decade

first_img Show Comments ▼ Infineon to pay first dividend in a decade by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Healththedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img Tuesday 16 November 2010 8:13 pm Tags: NULL GERMAN chipmaker Infineon plans to pay shareholders its first dividend for a decade, underlining confidence in the future after clawing its way back from the downturn.Chief executive Peter Bauer, a life-long chip specialist who grew into the role of restructurer, said Infineon planned to pay out dividends on a regular basis just like other companies.Infineon, whose chips can be found in mobile handsets ranging from Nokia to Apple, said its management will recommend a dividend per share of €0.10, as it reported strong fourth-quarter results.The proposed dividend is above the average forecast of €0.08 per share in a Reuters poll of analyst. Infineon last paid a dividend for the financial year 1999/2000.In addition, Infineon will consider a share buyback of up to 10 per cent of outstanding shares.Fourth-quarter sales were €942m (£793m), up 55 per cent year-on-year. Its segment result, excluding its wireless operations, was €171m, up 33 per cent.Chief executive Bauer also addressed investor hopes of a special dividend from proceeds of an asset sale, saying Infineon will pass on more money to shareholders if “we do not know what to do with our cash”. It sold its wireless chip unit to bigger rival Intel for $1.4bn in August.The company struck an optimistic tone for the coming financial year, saying it expects revenue growth of almost 10 per cent and an operating margin in the mid to high teens percentage of sales. Still, Bauer said, there was an element of caution built into the outlook. whatsapp KCS-content last_img read more