EADS swung to a
larger-than-expected net profit in 2003, as a strong fourth quarter at its
Airbus plane-making unit and a drop in charges offset losses in its space
division
Lloyds reported annual profit ahead of
forecasts and said it had decided against buying back shares to give itself
flexibility for acquisitions and maintained its full-year dividend at 34.2 pence
a share. Profit was 4.35 billion pounds up from 2.61 beating the average
forecast profit of 4.27 billion pounds
IMI engineering beat forecasts with an 8.4
percent rise in profits to 142.6 million pounds and said there was no change to
the trend of modest improvement in some markets.
Taylor Nelson market research firm said its
profit rose 13 percent to 32.4 million pounds, and said it expects its markets
to improve in 2004.
Travis Perkins building materials reported
2003 profits 10 million below forecasts despite a 18.2 percent rise to162.7
million pounds but said 2004 had started well and it was well placed to make
further progress during the year.
Bovis Homes reported a forecast beating
17.5 percent rise in annual profits and said the new year had started well.
John Wood oil drilling services firm
reported flat annual profits in line with forecasts at $137.2 , and repeated a
warning that delays to new deepwater projects would hold it back in 2004. The
company also announced a new contract win in the Gulf of Mexico.
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