Tips from the press
Tempus in the Times is uncharacteristically effusive over engineering investor
With revenues up 11 per cent over 2010 and pre-tax profits flying 32 per cent ahead, you can see where Tempus is going. The main point is that by offering a very generous dividend policy, Melrose has handed back roughly the £785m investors paid for it at its initial public offering in 2003, and is now worth £1.5bn. Buy (Last IC rating: Buy, 7 Mar).
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