Extended warranty provider Domestic & General has bucked the trend for slower consumer spending to post a 26 per cent hike in annual profits.
Domestic & General, which provides extended warranty cover for household appliances through manufacturers, retailers and credit card companies, said warranties were becoming increasingly important to customers who could not afford to replace items. The rise in pre-tax profits to £29 million follows evidence of a downturn in “big ticket” spending.
Domestic & General, the extended warranty supplier, announced solid results for last year and said it was hiking its cash return. The group delivered a 19.5% rise in pre-tax profit to £35.0m for the year to March from £29.3m a year earlier, while revenues rose 14.5% to £277….
Further to the announcement made on 19 November 2007, the board of directors of AIDG Jersey Acquisitions and D&G are pleased to announce that earlier today the High Court confirmed the Capital Reduction forming part of the Scheme. Accordingly, all the conditions of the Scheme have been satisf…
Domestic & General Group PLC, a provider of extended warranty and central heating cover, said it has received other approaches from parties which may or may not lead to an offer for the company. On May 21, the company announced it had received an approach from Homeserve about a possible offer.