M&G lauds large cap resolve

Richard Hughes, manager of the M&G Extra Income fund, believed that the recent positive half-year results from FTSE 100 companies were a sign that economic growth would continue, and he said investors should look closely at companies paying rising dividends. “Strong profits reported by companies in August show that company finances are robust, and I predict solid dividend growth of at least 7pc for 2007,” he said. Hughes’ comments followed the latest research from M&G, based on the 96 FTSE 100 companies which reported in August, which found 93 companies had increased their dividend pa...