RSM Tenon hikes dividend as profit rises

first_imgWednesday 22 September 2010 3:21 am John Dunne 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp RSM Tenon hikes dividend as profit rises Share Show Comments ▼ British business adviser RSM Tenon Group posted a 37 per cent increase in full-year adjusted pretax profit, boosted by acquisition of RSM Bentley Jennison and certain assets of troubled peer Vantis.The accountancy and advisory firm said it raised dividend by seven per cent to 1.6 pence per share.“Organic sales growth and margin improvements are now our key aims for 2011 and 2012,” the company said in a statement.The company, which moved to London’s main market in May, said July-June adjusted pretax profit was £24.1m ($37.74m), up from £17.6m a year ago.Turnover rose 26 per cent to £190.4m.The company bought professional services firm RSM Bentley Jennison for about £76m in December 2009 and some assets of Vantis for up to £6.8m in June.Net debt at June end rose by £22m to £43.1m from a year ago.RSM Tenon said it increased the bank facilities by a net of £36.5m to £80.5m in the year.Chief executive Andy Raynor said business secretary Vince Cable was not doing enough to promote commerce in the UK. He said: “Vince Cable has made academic comments about business and competition. We want someone who is more pragmatic.” Tags: NULLlast_img read more

Deutsche Bank’s fourth quarter hit by costs

first_img alison.lock Show Comments ▼ Monday 31 January 2011 3:35 pm Deutsche Bank’s fourth quarter hit by costs Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sharecenter_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo whatsapp Germany’s leading investment bank, Deutsche Bank, has reported fourth-quarter pre-tax profit well below estimates.Higher costs from a restructuring exercise and the integration of Deutsche Postbank and Sal. Oppenheim reduced its pre-tax profit to about €700m (£600m), according to unaudited preliminary figures.The figure falls well below a €1.29bn average profit forecast by analysts.Deutsche Bank said net income came to about €600m, down from €1.3bn in the same period a year earlier, and below the consensus estimate of €889m.It recorded a €6.4bn one-off cost from the restructuring in the quarter.The bank is due to publish full fourth-quarter results on Thursday. Tags: NULLlast_img read more