Shares in shipbroker Clarkson rose sharply after the group announced that it expects full-year results to be slightly ahead of market forecasts. The company now anticipates making at least £115 million in underlying pre-tax profits in 2024, compared to £109.2 million the previous year. The rise in profits is attributed to turbulence in the Middle East and increased shipping traffic due to rerouting around the Suez Canal. Clarkson's broking division is expected to benefit from the elevated level of newbuild ship orders in the coming years. The company's investors have enjoyed consecutive annual dividend increases for over two decades.
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Original article source: https://www.dailymail.co.uk/money/markets/article-13950093/Clarkson-shares-FTSE-250-risers-shipbroker-ups-expectations.html
Source Id: 2025-01-598975195