Power generator International Power said its hook-up with French utility company GDF SUEZ Energy delivered synergies well ahead of target in 2011.
Synergies of €135m were delivered in 2011, 50% ahead of the original target, the company said as it announced an 8% increase in underlying earnings before interest, tax, depreciation and amortisation of €4.40bn from €4.01bn the year before. The full year dividend is now expressed in euros and will be 11 cents, versus 2010's payout in sterling of 10.91p.
More to follow ...
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
jh
-
Landlords ordered to make rental properties more energy efficient by 2030The government has said rental properties must have a minimum EPC rating of C by 2030. We explain how much it will cost landlords to upgrade their buy-to-let portfolio
-
Primark owner Associated British Foods is an overlooked gem going cheap — should you buy shares?Associated British Foods, the owner of Primark, is a family-owned business, which means it is passed over by the increasingly popular passive investment funds. That spells opportunity for private investors, says Jamie Ward.
