IN BRIEF: Braemar says interim results to be flat but payout to rise

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Braemar PLC - London-based provider of investment, chartering and risk management advice to shipping and energy markets - Will release results for the half-year that ended August 31 on November 6. Guidance remains unchanged. Braemar estimates underlying operating profit was slightly ahead of the £7.6 million recorded a year before, and revenue was no less than £75 million, flat on £74.9 million. Braemar also is ‘confident’ in the outlook for the second half of the year and expects to declare an interim dividend of 4.5 pence, which would be up 13% from 4.0p a year before.

Current stock price: 267.79p, up 1.1% in London on Friday

12-month change: down 4.4%

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