Murgitroyd profits hit by strength of sterling

Murgitroyd profits hit by strength of sterling
 

PATENT attorney Murgitroyd has blamed the strong pound for a fall in annual profits, which it warned will continue to be held back by bigger clients demanding "more for less".
However, the Glasgow-based firm said shareholders were in line for a 6 per cent hike in their full-year dividend and pledged to pursue an “aggressive” payout policy, while continuing to seek out takeover opportunities.
Chief executive Keith Young told The Scotsman: “We remain happy to look at acquisitions and see them as good ways to produce earnings enhancement.”
For the year to the end of May, the... read more

 
9 September 2014 in Business, Views: 38
Source: Scotsman
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