HomeBusinessMoneyBUSINESS LIVE: Travis Perkins sales surge; Abrdn profits accelerate

BUSINESS LIVE: Travis Perkins sales surge; Abrdn profits accelerate

BUSINESS LIVE: Travis Perkins shrugs off challenges as sales surge; Abrdn profits accelerate; Shareholder payouts set for record 2022

Building materials supplier Travis Perkins posted a 24 per cent rise in annual revenues in 2021 to £4.6billion as the firm successfully navigated challenges around inflation and product availability.

Operating profits came in at £349million for the year, far exceeding 2020’s total of £26million and meeting market expectations after the firm lifted its guidance in October.

British asset manager Abrdn saw adjusted operating profits rise by 47 per cent in 2021 to £323million, with chief executive Stephen Bird hailing a ‘reset year’ in which the firm made ‘huge strides forward’ in its three-year growth strategy.

Abrdn’s assets under management and administration rose 1 per cent to £542billion, as investment performance limited the impact of £6.2billion of net outflows suffered over the course of the year

Investors around the world are set for bumper payouts this year with dividends set to hit new record highs and companies increasingly opting for share buybacks, a new report reveals.

Global dividend payouts are expected to reach a fresh record of $1.52trillion in 2022, which would represent a headline increase of 3.1 per cent from 2021, according to the latest Janus Henderson global dividend index.

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Abrdn reported an increase in revenue for the full year for the first time since the merger of Standard Life and Aberdeen Asset Management  

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