Tavistock shareholders back plan that could pave way for dividend payments
Tavistock said the capital reduction will enable it to pay a dividend but it is not a guarantee
Company
LON:TAVI
Tavistock Investments PLC is a UK wide financial services group dedicated to providing institutional quality investment services to private investors of any wealth. The group has separate advisory and asset management businesses. Tavistock Asset Management manages over £1.2bn on behalf of clients through a competitively priced and wide-ranging Investment Toolkit. Its advisory businesses provide compliance, administration, and accounting services to independent financial advisers.
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Tavistock said the capital reduction will enable it to pay a dividend but it is not a guarantee
Proactive takes a look at what's moving on a half day of London trading
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A glance at some of the day's highlights from the Proactive Investors newswire
“One of the company's stated objectives has been to introduce, and subsequently to manage, a dividend stream for the benefit of shareholders,” the firm said in a statement
The Office for National Statistics (ONS) says that UK GDP grew by 1.7% in the three months to September
With an optimistic outlook on future earnings, the company expects to recommend its first dividend in the second half of the current financial year.
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the biggest risers and fallers in London on Monday
The launch of three new funds under its Acumen brand helped the amount under management rise by 130%
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London today
The transaction will see Sanlam UK acquire Cheltenham-based Tavistock Financial's network of 158 financial advisers along with 25 support staff
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Some of the day's headlines on the Proactive Investors newswire
A glance at some of the bigger risers and fallers today in London ...
Strong organic growth complemented Tavistock’s buy and build strategy
With an hour and a quarter of trading to go, the UK benchmark index was ahead 58 points at 7,430, just easing back from the afternoon peak of 7,438.90
The funds are 'highly sophisticated baskets of Exchange Traded Funds (ETFs)'