‘Solid’ progress for Low & Bonar in H1

Low & Bonar, the textiles group with Dundee roots, said profit and revenue were both up in the six months to 31 May as it announced the disposal of its agro-textiles business to IFG Exelto.

The firm declared an interim dividend of 1.05p per share, up 5 per cent, to reflect the “solid” first-half performance.