- IFRS earnings up
- Dividends jump by over a quarter
Shaftesbury Capital (SHC) – now the biggest West End landlord – had much to celebrate in its first annual results since its formation through the reverse takeover of Shaftesbury by Capital & Counties. The merger and the stabilisation of interest rates boosted its valuation and IFRS earnings. On an underlying basis, earnings per share (EPS) were also up, leading to a jump in the dividend from 2.5p per share to 3.15p per share.