London open: FTSE rises ahead of inflation reading
19th May 2015 08:25
London investors began in more optimistic mood than was expected on Tuesday, boosted by bullish comments from the European Central Bank. The FTSE 100, which had been expected to move lower on worries of a US rate hike, spiked through the 7,000 mark for the third day running, standing at 7,001, up 0.
Read moreFTSE 250 movers: Thomas Cook up on new partnership, Just Retirement lower as shareholder sells stake
6th Mar 2015 12:46
Thomas Cook jumped after the company announced a new strategic partnership with Chinese investment giant Fosun International which will see the latter take a 5% stake in the travel operator. Fosun is investing £91.8m and intends over time to increase its shareholding to around 10%. DCC was boosted o
Read moreDCC completes disposal of Robert Roberts and Kelkin
23rd Feb 2015 10:15
DCC has completed the sale of food and beverage divisions Robert Roberts and Kelkin to Irish group Valeo Foods, following clearance from the Competition and Consumer Protection Commission. The disposal of Robert Roberts, supplier of own brand and agency branded food and beverage products, includes F
Read moreDCC reiterates full-year profit forecasts if cold weather holds
12th Feb 2015 09:49
Irish sales, marketing and distribution group DCC said its operating profit during the third quarter ended on 31 December was ahead of last year's and reiterated its growth forecasts for the full-year. All of its units, technology, healthcare, environmental and food&beverage saw "good" growth in ope
Read moreTo dips in at Hutchinson China-Meditech
20th Nov 2014 15:26
Since falling below 40p in the height of the financial crisis, shares in Hutchison China MediTech (Hutchison Chi-Med) have climbed and climbed and climbed more than 3,000% but executive chairman Simon To seems to believe they can ascend yet higher. To, the founder and managing director of the tradit
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreMonday broker round-up UPDATE
20th Oct 2014 09:48
African Barrick Gold: Westhouse Securities cuts target price from 285p to 230p maintaining an add rating. Antofagasta: Westhouse Securities reduces target price from 805p to 720p retaining its neutral rating. Centamin: Westhouse Securities shifts target price from 65p to 70p upgrading to buy. DCC:
Read moreDCC to sell Robert Roberts and Kelkin
30th Sep 2014 09:20
DCC has announced it plan to sell its Robert Roberts and Kelkin businesses to Valeo Foods for £47m in cash. The deal, which is waiting on clearance from the Irish Competition Authority, will be made on a debt free and cash free basis and is expected to result in a modest profit for the business supp
Read moreDCC buys French petrol station network Esso Express
28th Aug 2014 08:23
Distribution and business support services group DCC has agreed to acquire the Esso Express unmanned retail petrol station network and the Esso Motorway concessions in France. The £84m deal will complete once French works council representatives and EU competition authorities have approved it, exp
Read moreLondon pre-open: Stocks to fall after Malaysian Airlines crash
18th Jul 2014 07:54
Stocks across Europe are expected to be fall on Friday morning as investors scale back their appetite for risk amid increased geopolitical tensions in eastern Europe following the downing of a commercial aircraft. City sources predict the FTSE 100 in London will open around 13 points lower than Th
Read moreDCC ups earnings expectations for full year
18th Jul 2014 07:43
DCC, the sales, marketing, distribution and business support services group, said that trading for the first quarter was as expected though it raised its guidance slightly for the full year. The firm now expects operating profit and adjusted earnings per share to rise 10-12% in the financial year e
Read moreDCC appoints Chairman Designate
16th Jun 2014 13:06
Support services group DCC has appointed John Moloney as its Chairman Designate to succeed Chairman Michael Buckley, who is set to retire in September 2014. Moloney, who joined the board of DCC in early 2009, is currently also Chairman of Coilete Teo and a non-executive director at Greencore Group
Read moreFriday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreDCC buys healthcare products supplier Williams Medical
3rd Jun 2014 08:09
Irish sales, marketing and distribution group DCC has acquired Williams Medical, a UK medical and pharmaceutical products supplier in Britain, for £45m in cash. The acquisition, made by the Vital unit of DCC's healthcare subsidiary, is an "excellent strategic fit" for the company, according the Chi
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read more