Tempus: discipline pays off amid the mayhem

Informa

Revenues £1.2bn Dividends 20.1p

Several analysts were tipping Informa as among their top shares for 2016 at the start of this year. This is despite the 30 per cent rise during 2015, as Lord Carter of Barnes got to grips with the media and exhibitions business.

The results were on display with the full-year figures. The highlights were revenues up 6.6 per cent, adjusted operating profits up by 9.5 per cent to £365.6 million and free cashflow ahead by 30 per cent.

The annual dividend was increased by 4 per cent to 20.1p, which is at least a measure of confidence, even if the yield, at 3.3 per cent, is not a lot to write home about. The company has been reshaped, with areas