Companies give investors a bumper year
Wednesday 6 October 2004
A report on corporate value has confirmed a bumper year for investors, with more than 90 per cent of companies offering positive returns to shareholders - up from 80 per cent last year.
By The LandlordThe PricewaterhouseCoopers report, based on data for 70 listed companies with a combined value of nearly $50 billion, found the median total shareholder return jumped to 20 per cent in the year to June 2004, from 16 per cent the year earlier. Total shareholder returns are made up of share price gains or losses for the period, plus any dividends paid.
PWC corporate finance partner David Bridgman said the improvement was driven by the stronger focus on corporate governance since the global accounting scandals of 2002 and a renewed emphasis on performance in the past year.
Read More - Opens in a new window
Commenting is closed
Housing confidence has been dealt a hefty blow by the Covid-19 crisis with house price expectations plummeting to new lows.
Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.