​Taxi financier Transaction Capital has reported another year of double-digit dividend growth, saying on Tuesday that as minibus taxi transport remained a non-discretionary spend for most commuters the sector continued to carve out market share in a tough economic climate.

The group’s total dividend rose 22% to 61c a share, in the six months to end-September, saying on Tuesday it had achieved compound annual growth in core headline earnings per share of 20% over the past five years...

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