Revealed: 10 UK shares set to rise in price by more than 50% by 2024

Spire Health Care shareholder returns increased more than FTSE 350 firms in 2024, as 10 companies managed to reduce weak profits with increases of more than 50 percent.

The FTSE 250 private healthcare provider said it would earn 2.1 pence per share for 2024, up 320 per cent on last year’s spend of 0.5 pence per share.

Fees from selected firms in London all weakened by 2024 as the entire major mining sector has been forced to cut prices in response to weak commodity demand amid weak economic growth.

Spire is one of ten UK-listed companies to increase their dividend payments by more than half by 2024, new AJ Bell reveals.

Dan Coatsworth, investment analyst at AJ Bell, said: ‘With the suspension of payouts during the pandemic, the company continues to play.

‘A price increase that is profitable means that the company is putting a rubber stamp on its vision, saying that everything is going well. Indeed, Spire said its price increase reflects “confidence in the long-term prospects of the business”.’

During the pandemic, and the economic crisis that followed, many businesses suspended their payments due to the difficulties they faced after the decline in business.

Coatsworth said some of the big increases announced in 2024 ‘must be seen in the context of rebuilding the price to a sustainable level’.

Two EasyJet a TI water systems they increased their dividends by 169 per cent, with EasyJet paying 12.1p per share, with analysts forecasting this to rise to 14.7p in 2025 and 15.8p in 2026.

Meanwhile, the GSK customer changed Haleon increased its price by 150 percent with the Park Plaza, and the owner of the art’otel Hotel PPHE saw his wages increase by 140 percent.

The hotel paid 36p per share and this could be set to rise to 46.1p by 2025, according to market forecasts.

Coatsworth said: ‘Dividends are an important part of successful investing, whether they are taken as income to support retirement or invested to compound returns. The biggest advantage on the bank is that companies often raise their salaries every year, but the interest rates on savings in the bank are fixed.’

While only these five firms more than doubled their payouts, the other five firms increased their payouts by more than half. HSBC increasing its dividend by 91 per cent from 42.4p to 64.6p.

Coatsworth added: ‘Many banks are now paying higher interest rates than before the pandemic, with rising interest rates helping to boost their earnings.’

These higher fees are the result of these banks charging higher fees for lending, which helps increase their profits and cash flow.

He said: ‘It is important to note that these figures are based on average prices. HSBC has also paid a separate fee on top of the sale of its banking operations in Canada.

Standard Chartered also made the list, increasing its salary by 50 percent, while Georgia TBC Bank and Paragon Banking firm both increased their salaries by 31 percent.

This price increase, calculated between January and 1 December, does not include any special payments made by any of these companies. HSBC also paid a special fee after selling its Canadian banking operations.