Questor Income Portfolio: the home builder may not produce much growth in the short term, but the extremely important dividend seems safe
IIn today's column, as promised last week, we will look at recent announcements from two of our holdings, Crest Nicholson and Dairy Crest.
Update: Crest Nicholson
Although results over the year are normally seen as the main announcement a company makes, what Crest Nicholson said in October was arguably more important – especially since the results published last week contained few surprises.
Sales were 9% higher at £ 1.1 billion, but a 20.3% decrease in margins to 16.7% resulted in a 15% gain to £ 176.4 million, down to the lowest point of the range from the company …