Trafalgar House defence
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Trafalgar House has warned that instead of paying a forecast 4.8p final dividend this year it expects to pay only 1.6p 'in the absence of unforeseen circumstances,' making a total of 6p a share. This emerged in the company's defence document against Hongkong Land's 85p a share partial offer. Sir Eric Parker, Trafalgar's chief executive, said if HKL acquired a 30 per cent stake it would be 'a blocking stake.' He also revealed that Trafalgar and Hongkong Land had discussed forming a property joint venture last winter. And the two sides have also talked about the future of Trafalgar's three London hotels, including the Ritz, which are up for sale.
(Photograph omitted)
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments