22nd Jul 2014 10:56
LONDON (Alliance News) - Temple Bar Investment Trust PLC Tuesday said the performance of its portfolio lagged that of the FTSE All-Share Index in the first six months of 2014.
"This was due as much as to what was not held on the portfolio (AstraZeneca PLC and Shire PLC in particular) rather than what was held," Chairman John Reeve said in a statement. "Of the stocks in the portfolio, Signet Jewelers Ltd contributed most to performance whilst the biggest laggard was Grafton Group PLC," Reeve added.
The total return on the net assets of Temple Bar during the first half of 2014 was 0.3%, compared with a total return for the FTSE All Share Index of 1.6%.
Temple Bar, which increased its interim dividend by 3.0% to 15.55 pence, said it has decided to pay its dividend on a quarterly basis from the 2015 financial year.
Temple Bar shares were at midday Tuesday quoted up 1.0% at 1,236.00 pence.
By Samuel Agini; [email protected]; @samuelagini
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Related Shares:
Temple Bar Investment TrustGrafton GroupSIG.L