James Gundy, Group Chief Executive Officer of Braemar, commenting on the performance and the outlook said: I am delighted with the performance of Braemar this year where, in such a challenging period, we have not only exceeded market and indeed our own expectations for financial performance, but we have re-aligned many aspects of the business towards our new growth-oriented shipbroking strategy. We have also simplified the business, reduced net debt to manageable levels, improved our management structure and put ourselves in an ideal position to capitalise on the global recovery that is now underway, driving global trade and shipping markets which are showing indicators of future strength as a result. Our trading at the start of the new year has been strong and we are delighted to show our confidence in the business by reinstating a dividend of 5p per share to shareholders.
Richard Johnson: will work with Arena Racing Company after his retirement from racing
Edward Whitaker UPDATED 7:54PM, APR 7 2021
Arena Racing Company (Arc) has announced that four-time champion jockey, Richard Johnson will take up a consultancy role with the group following his retirement from riding.
Johnson bowed out from a spectacular career in the saddle at Newton Abbot on Saturday having ridden 3,819 winners in total, a tally second only to Sir Anthony McCoy.
The 43-year-old will now take on a part-time role with Arc, offering advice and guidance across the group’s sixteen racecourses as well as an ambassadorial role with sponsors and racegoers at major meetings. Johnson will work with Arc’s racing and clerking teams across the country in areas such as race planning, ground maintenance and other related matters.