AGA sees weak demand in first half

AGA Rangemaster, the maker of upmarket cookers and kitchen appliances, is looking to overseas markets for growth after weakness in established regions pulled revenues lower in the first half.

AGA Rangemaster, the maker of upmarket cookers and kitchen appliances, is looking to overseas markets for growth after weakness in established regions pulled revenues lower in the first half.

As such, the group decided not to pay an interim dividend; it paid shareholders 0.8p per share at the half-year stage in 2011. AGA said that its decision was part of the agreement with the trustee of the its main pension scheme to restructure the financing arrangement for the scheme through to the end of 2015. "The aim is to provide medium-term clarity and stability," the firm said.

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