BUSINESS LIVE: UK dividends soar to £34.9bn; ITV eyes Channel 4 amid privatisation rumours; HSBC reports profits surge
Dividends from UK-listed corporations soared over the previous three months to £34.9billion, an 89 per cent improve year on year, in accordance to knowledge from monetary tech agency Link Group.
The improve was attributed to ‘massive one-off particular dividends’, nonetheless underlying dividends, which don’t embody specials, additionally surged 53 per cent to £27.7billion.
ITV is eyeing up Channel 4, which might be privatised following a Government review.
FTSE 100-listed ITV is amongst a number of potential bidders circling the channel, which took The Great British Bake Off from the BBC.
HSBC reported a shock 74 per cent rise in third quarter revenue as issues about pandemic-related dangerous mortgage receded, permitting it to announce a share buyback of $2billion.
However, the financial institution stated its value projections for 2022 had elevated to $32billion from $31billion, due to the pressures of inflation.
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HSBC noticed profits develop by 74 per cent rise within the third quarter of 2021