London midday: FTSE 100 pulls back from seven-week high
19th Jul 2013 11:25
Mining stocks were among the worst performers on Friday morning, providing a drag on the FTSE 100 as risk appetite declined following the index's seven-week high reached the day before. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th whe
Read moreBroker snap: Jefferies lifts DCC target after strong start to year
19th Jul 2013 11:04
A first-quarter trading update from sales, marketing, distribution and business support services firm DCC was welcomed by the market on Friday, with Jefferies providing an extra boost after lifting its target price for the stock and keeping a 'buy' rating. The company reported a strong start to the
Read moreLondon open: Stocks fall after gloomy figures from Microsoft, Google
19th Jul 2013 08:13
The FTSE 100 pulled back from a seven-week high on Friday morning after disappointing results from some Wall Street heavyweights last night. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th when it closed at 6,657. Both the S&P 500 and
Read moreCold spring helps DCC to raises full year guidance
19th Jul 2013 07:04
DCC lifted it full year guidance after the cold weather in Spring drove up demand for its heating oils and liquefied petroleum gas (LPG). It said its biggest division DCC Energy had traded "significantly ahead" of both prior year and budget in the three months to the end of June. The company said
Read moreOffice of Fair Trading clears DCC and BP deal
11th Jan 2013 15:27
The UK Office of Fair Trading (OFT) has given the green light to DCC in the acquisition of BP's liquefied petroleum gas (LPG) business in Britain. DCC - a sales, marketing, distribution and business support services group - said on Friday it was now able to integrate the BP business with its existi
Read moreDCC to acquire BP assets in Netherlands
21st Sep 2012 11:52
Dublin-based business services firm DCC has reached conditional agreement with BP to acquire BP Gas Nederland, the company's liquefied petroleum gas (LPG) distribution business in the Netherlands, together with the trade and assets of BP's smaller LPG distribution business in north Belgium, which ar
Read moreJupiter Fund Management director reduces stake
22nd Aug 2012 16:31
Matteo Perruccio, an Independent Non-executive Director of Jupiter Fund Management has sold two lots of 15,000 shares in the asset management firm. The first batch of shares were sold at 226.04p and the second for 225.00p, for a total of £67,656, taking his holding to 83,333 shares. At the begin
Read moreDCC to buy Swedish fuel firm
20th Dec 2011 08:25
Dublin-based business services firm DCC is to buy Swedish heating oils and transport fuel firm Swea Energi for €22.7m . The acquisition is conditional on competition approval from the European Commission but DCC said it hoped the deal would be completed in early 2012. Swea is the leading distribut
Read more3i director buys ahead of share price jump
12th May 2011 17:16
Willem Mesdag, a director at the private equity group 3i, invested more than £280,000 in the company following well-received full-year results and benefited from a strong rise in the share price. He took 100,000 shares at 281p a time. The shares closed just shy of 290p, meaning that Mesdag has made
Read moreOutlook uncertain for DCC despite strong second half
10th May 2011 14:39
Despite profits at DCC jumping by 15% during the year ended 31 March, shares edged lower on Tuesday after its boss Tommy Breen warned that current-year bottom-line growth will be limited by warmer weather and a uncertain economic environment. The sales, marketing, distribution and business support
Read moreDCC increases oil distribution share
17th Feb 2011 16:41
Irish conglomerate DCC is buying British oil distributor Pace Fuelcare for £23.4m (€27.7m) on a cash free basis. The deal, which could take DCC's share of the British oil distribution market to 15%, still requires clearance by the Office of Fair Trading. Pace sold 515m litres of fuel in the year
Read moreFreezing temperatures boost DCC profits
2nd Feb 2011 15:36
Dublin-based distributor DCC announced a very strong third quarter driven by the exceptionally cold weather across Northern Europe that boosted volumes for its Energy division. "With the exceptionally cold weather conditions throughout northern Europe, particularly in the last six weeks of the quar
Read moreSmall caps round-up: Umeco, Petroneft, Kewill...
9th Nov 2010 11:13
Aerospace supplies group Umeco says it remain on track to hit full-year expectations after increasing adjusted profit before tax by 12% in the first half. Pre-tax profit rose to £11.1m in the six months to 30 September, up from £9.9m last year on revenue up to £217.2m from £198.5m. Russia-focused
Read moreSmall caps round-up: Judges Scientific, Terra Catalyst, DCC
16th Jul 2010 11:42
Judges Scientific said trading activity during the six-month ended 30 June remained robust and benefited from a healthy opening order book, strong order intake and favourable exchange rates. Order intake during the half-year was much stronger than in the comparable period of 2009. Terra Catalyst Fu
Read moreSmall caps round-up: Ascent Resources, DCC, Newmark...
18th May 2010 11:03
Pre-tax losses widened sharply at Europe-focused oil and gas group Ascent Resources in 2009 as the company felt the pinch of lower commodity prices. Pre-tax losses grew to £10.57m from £4.5m the previous year on revenues that narrowed to £890,000 from £1.47m. Managing director Jeremy Eng said: 'W
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