Irish regulator clears DCC takeover of Medisource
26th Jan 2017 08:29
(ShareCast News) - Ireland-based sales, marketing, distribution and business support services group DCC announced on Thursday that, following the receipt of competition clearance from the Competition and Consumer Protection Commission, DCC Healthcare has completed the acquisition of Medisource Irela
Read moreDCC sees profits surging ahead of expectations
14th Nov 2016 07:05
(ShareCast News) - Irish business support services group DCC's half year revenue rose as it continues its expansion strategy, while it expects full year earnings to be "significantly" ahead of expectations. Revenue for the six months ended 30 September climbed 10.5% to £5.6bn compared to last year a
Read moreDCC Tech to buy Hammer Consolidated Holdings for £38m
14th Oct 2016 07:03
(ShareCast News) - Support services company DCC's technology division is to buy Hammer Consolidated Holdings, a server and storage solutions reseller, for about £38m. The acquisition by DCC Technology, which trades under Exertis, is expected to be completed by the end of the year and agreed to buy t
Read moreSector movers: Support services firms get boost from UBS
15th Jul 2016 17:37
(ShareCast News) - The Footsie closed higher for a fourth consecutive week for a cumulative 5% gain since the EU referendum vote, albeit wih defensive issues pacing gains in the form of advances for tobacco and pharmaceuticals. "More defensive sectors have led the way, showing that safety and yield
Read moreDCC ahead of expectations in first quarter
15th Jul 2016 07:49
(ShareCast News) - International marketing, distribution and business support services company DCC issued an interim management statement ahead of its AGM in Dublin, at 1100 BST on Friday. It said overall group operating profit for the first quarter ended 30 June was significantly ahead of the prior
Read moreThursday broker round-up
2nd Jun 2016 16:39
(ShareCast News) - Moneysupermarket.com: Jefferies downgrades to hold with a target price of 312p. Wolseley: Canaccord downgrades to hold with a 4200p target, UBS reiterates buy with a target price of 4300p and Credit Suisse stays at outperform with a 4200p target. Daily Mail: Goldman Sachs reitera
Read moreFTSE 100 movers: Taylor Wimpey and Ashtead lead gains
17th May 2016 13:57
(ShareCast News) - The FTSE 100 was in positive territory on Tuesday afternoon, as a mixture of encouraging results and analyst optimism looked like extending the index's winning streak to a third day. Housebuilder Taylor Wimpey topped the leaderboard after it unveiled a significant upgrade to its m
Read moreLondon pre-open: CPI inflation in focus on both sides of the Pond
17th May 2016 07:50
(ShareCast News) - London's top flight index is being called to start the day slightly higher ahead of the release of consumer price inflation data on both sides of the Pond later this afternoon, as markets continue to try and second-guess when the the US central should and will tighten policy again
Read moreEnergy fuels healthy rise in DCC FY profits
17th May 2016 07:18
(ShareCast News) - Diversified Irish investment group DCC said full year pre-tax profits soared 47% to £216.3m fuelled largely by its energy division. Revenues were flat at £10bn, largely due to lower oil prices. Group operating profit from continuing operations increased by 35.5% to £300.5m (40.0%
Read moreTuesday broker round-up
29th Mar 2016 16:51
(ShareCast News) - Synthomer: Berenberg downgrades to hold with a target price of 345p. Next: Goldman Sachs downgrades to neutral, 6400p target, Canaccord downgrades to hold with a target price of 6025p, Deutsche Bank reiterates buy with a target of 6850p and Credit Suisse stays at underperform, 560
Read moreDCC to buy Danish oil distribution assets
23rd Mar 2016 12:13
(ShareCast News) - DCC has agreed to buy Danish oil distribution and retail assets from Alimentation Couche Tard Inc. The FTSE 250 distribution company said the business comprises the remedy package resulting from Couche-Tard's purchase of Shell's downstream marketing operations in Denmark. The dea
Read moreHeadwind from Brexit risks for Irish exporters likely to reverse, Investec says
24th Feb 2016 12:37
(ShareCast News) - Sterling should recover once the risk of Brexit was exorcised, but in the meantime it would create a headwind for Irish exporters, Investec said. Further weakening in the pound due to worries that Britain might leave the European Union might drag on the share prices of Irish compa
Read moreDCC reports strong third quarter but technology division lags
11th Feb 2016 07:40
(ShareCast News) - DCC, which was promoted to the FTSE 100 in December, reported a strong third quarter but warned of "more difficult" trading in its technology division. The sales, marketing, distribution and business support services group said operating profit in the third quarter to the end of D
Read moreFriday broker round-up
29th Jan 2016 16:47
(ShareCast News) - Experian: Exane BNP Paribas upgrades to outperform with a 1350p target. Mitchells & Butlers: JP Morgan downgrades to neutral with 370p target, down from 420p Dcc: Exane BNP Paribas promotes to outperform with 6200p target. Lonmin: HSBC upgrades to buy, target 76p; Deutsche reite
Read moreExane upgrades DCC and Experian, downgrades Bunzl
29th Jan 2016 15:44
(ShareCast News) - Exane BNP Paribas has upgraded DCC and Experian Group from 'neutral' to 'outperform', while downgrading Bunzl from 'outperform' to 'neutral'. In a note about the support service sector on Friday, the investment bank said DCC is the sector's main beneficiary from falling oil prices
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