Worldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreMorrisons, G4S, Meggitt set for demotion in FTSE reshuffle
30th Nov 2015 11:21
(ShareCast News) - Morrisons, G4S and Meggitt look set to lose their spots in the FTSE 100 on Wednesday, with Worldpay, Provident Financial and DCC likely to replace them. The FTSE committee will reveal the results of its quarterly index on Wednesday, with changes effective from 21 December. Aerosp
Read moreWednesday broker round-up
11th Nov 2015 11:19
(ShareCast News) - Auto Trader Group: Goldman Sachs downgrades to neutral. Target price: 415.00p. Fidessa Group: Finncap downgrades to sell, cuts target price to 1750.00p. Jupiter Fund Management: Barclays upgrades to overweight, lifts target price to 520.00p. Dcc: Exane BNP Paribas downgrades to
Read moreFTSE 250 movers: Miners slump on Barclays downgrade; DCC shines after interims
10th Nov 2015 14:52
(ShareCast News) - London's FTSE 250 index was down 0.5% to 17,027.36 at 1500 GMT as weakness in the mining sector proved a drag. Kaz Minerals and Vedanta Resources were under the cosh after Barclays downgraded its stance on the stocks and the broader European mining sector. The bank cut Kaz to 'und
Read moreDCC's interim profit grows as lower costs offset decline in revenue
10th Nov 2015 08:28
(ShareCast News) - Distribution and logistics group DCC reported an increase in interim pre-tax on the back of an improvement in gross margins, although revenue suffered a slight decline. In the six months to the end of September, the group posted a 23.2% year-on-year increase in pre-tax profit to £
Read moreDCC deal with Butagaz gets regulatory clearance
2nd Sep 2015 08:04
(ShareCast News) - Sales, marketing and distribution group DCC said it energy division has received the regulatory clearances necessary to complete the acquisition of Butagaz. On May 19, DCC confirmed it had reached an agreement to acquire the France-based liquefied petroleum gas (LPG) from Shell fo
Read moreDCC expects 'significant' improvement in annual results
17th Jul 2015 09:03
(ShareCast News) - Marketing, distribution and business support services group DCC expects a "very significant" improvement in its full-year results on the wake of strong performance in the first quarter. The FTSE 250 group said its operating profit for the three months to 30 June were in line with
Read moreDCC Energy completes acquisition of Esso unmanned petrol stations
24th Jun 2015 07:03
DCC Energy has completed its acquisition of Esso SAF's unmanned and motorway retail petrol station network and the Esso Motorway concessions in France. The deal, first announced in August last year, was finalised after the sales and distribution company received the necessary clearances and complete
Read moreWm Morrison may hang on to FTSE 100 spot after Kantar data rally
3rd Jun 2015 15:16
Wm Morrison was all set to be kicked out of the FTSE 100, but thanks to strong sales growth data from Kantar Worldwide, which helped the shares to firm on Tuesday, it looks as though it will be able to hold on to its spot in London's top-flight index. According to the Kantar data, Britain's fourth-l
Read moreMonday broker round-up
1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read moreFTSE 250 movers: Big Yellow surges on rising profits, miners lower
19th May 2015 13:15
UK stocks edged higher on Tuesday, despite confirmation of the UK's first deflation since the 1960s. Sector-wise, losses made by miners and telecommunications were offset by strong results from real estate, construction and insurance stocks. As of 2:30GMT, the FTSE 250 was trading 134 points higher
Read moreBroker tips: DCC, Vodafone, Land Securities
19th May 2015 11:31
Support services group DCC maintained its track record after another year of strong earnings growth, analysts at Berenberg said in a note on Tuesday. Dublin-based company said its pre-tax profit for the year to 31 March rose 8.1% year-on-year to £163.3m, while earnings before interest, tax, deprecia
Read moreDCC's offer for Shell 'particularly attractive', says Berenberg
19th May 2015 10:50
Support services group DCC maintained its track record after another year of strong earnings growth, analysts at Berenberg said in a note on Tuesday. The Dublin-based company said its pre-tax profit for the year to 31 March rose 8.1% year-on-year to £163.3m, while earnings before interest, tax, depr
Read moreDCC jumps on strong annual results
19th May 2015 09:46
Support services group DCC reported a bigger-than-expected increase in annual earnings and said it was confident to achieve "very significant" profit growth in the current financial year. The Dublin-based company said its pre-tax profit for the year to 31 March rose 8.1% year-on-year to £163.3m, whi
Read moreShell receives EUR464m bid from DCC for LPG business
19th May 2015 08:27
Oil giant Shell is in exclusive talks with support services group DCC to sell its Butagaz liquefied petroleum gas business in France. Shell received a €464m (£332m) binding offer from DCC and is discussing the bid with staff at Butagaz and Shell France. "The transaction is consistent with Shell's s
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