Yell clinches €1.2bn US deal

The owner of Yellow Pages, the UK version of the Golden Pages, bolstered it US operation today with a deal worth £829m (€1.2bn) for a leading directories publisher in California and Texas.

Reading-based Yell announced the acquisition as it posted results showing a 12% rise in underlying earnings to £402.8m (€586,2m) in the year to March 31. The company also pledged to increase its final dividend to shareholders by 40%.