Darty full year profits soar ahead of Fnac takeover
16th Jun 2016 07:05
(ShareCast News) - France based electrical retailer Darty said full year group retail profits rose 24% to €93.1m with revenue up 4.1% to €3.6bn and like-for-like sales up 3.9%. Adjusted profits before tax jumped 36% to €69.6m and adjusted earnings per share rose to 7.3 cents from 5.8 in 2015. Howeve
Read moreJP Morgan sees little upside to global equities
6th Jun 2016 09:00
(ShareCast News) - Forecasts for economic growth Stateside to pick-up in the backhalf of 2016 might be too optimistic and low levels of volatility pointed to investor complacency, strategists at JP Morgan argued, going on to tell clients that the up-side for equity markets was therefore limited. In
Read moreDarty board recommends investors accept Fnac offer
31st May 2016 12:44
(ShareCast News) - FTSE 250 electrical goods retailer Darty said on Tuesday that its board has recommended shareholders approve a 170p-per-share takeover offer from French retailer Fnac. Darty said its directors consider the financial terms of the final offer "to be fair and reasonable". "In evalua
Read moreDarty Q4 revenues boosted by France digital switchover
26th May 2016 07:54
(ShareCast News) - Fourth quarter like-for-like revenue at France-based electrical retailer Darty rose 12%, with sales particularly strong in vision driven by the digital television switchover in France. The company said it also saw positive sales in all other major product categories apart from mul
Read moreDarty receives 'final' 170p offer from Fnac
25th Apr 2016 13:48
(ShareCast News) - Electronics retailer Darty has received a 170p-a-share takeover offer from Paris-based Fnac. Fnac, which had agreed to buy Fnac last year before the deal was railroaded by South Africa's Steinhoff International, has snapped up 18.27% of the London-listed company's shares at tha
Read moreSteinhoff-Conforama up Darty stake and offer 160p to all investors
22nd Apr 2016 14:10
(ShareCast News) - South Africa-backed Steinhoff International has upped its stake in France-focused electronics retailer Darty at 160p and offered to buy other shareholders' stock at the same price as it battles long-running French suitor Fnac. Since Thursday, when it first made an offer for Darty
Read moreFnac jacks up Darty offer after Steinhoff's triple bid hike
21st Apr 2016 21:51
(ShareCast News) - The bidding war for France-focused electronics retailer Darty has intensified as longtime suitor Fnac upped its bid to 153p overnight, its second improved offer of the day as it battled South Africa-backed furniture retailer Conforma's 160p bid. Having on Thursday morning hiked it
Read moreDarty shares jump as Fnac ups offer, trumps Conforama
21st Apr 2016 08:12
(ShareCast News) - Shares in Darty surged on Thursday as Fnac upped its offer for the French electronics retailer to 145p per share, beating the offer from Steinhoff subsidiary Conforama. Fnac said on Thursday that the new offer values Darty at £779m. The increased offer represents a premium of 79%
Read moreSteinhoff gatecrashes Darty takeover by FNAC
2nd Mar 2016 09:15
(ShareCast News) - South Africa's Steinhoff International has sealed its reputation as a serial gatecrasher with a 125p offer for European electricals retailer Darty, even though it is in the midst takeover by France's FNAC. Darty confirmed on Wednesday that it had received a non-binding conditional
Read moreDarty delivers despite Paris effect
18th Feb 2016 14:19
(ShareCast News) - French electrical retailer Darty reported strong sales at home and in Belgium over the Christmas period. Darty, which agreed a takeover by its rival FNAC in November but may not see the deal complete until the end of 2016, said its market outperformance in France had continued wit
Read moreFnac's takeover of Darty could create €85m of synergies a year
26th Oct 2015 10:19
(ShareCast News) - Fnac, the France-based music and book retailer, said its proposed acquisition of London-listed Darty could create approximately €85m (£61.1m) per year of synergies before tax. The French company said its bid had already been given the green light by two key Darty's shareholders, K
Read moreMonday broker round-up
12th Oct 2015 14:37
(ShareCast News) - Kaz Minerals: Goldman Sachs downgrades to sell, cuts target price to 110.00p. Darty: Liberum Capital starts new coverage with a buy, sets target price at 100.00p. Avon Rubber: N+1 Singer downgrades to hold, raises target price to 1040.00p. Berendsen: RBC Capital Markets upgrades
Read moreDarty surges as Fnac makes £533m approach
30th Sep 2015 09:02
(ShareCast News) - Darty rocketed on Wednesday after announcing it has received a proposed all-share £533m offer from French books and music retailer Fnac. The proposal values the French electric goods retailer at 101p per share based on the closing prices on Tuesday. In addition, Darty sharehold
Read moreThursday broker round-up
27th Nov 2014 10:15
Amlin: Numis upgrades to 'buy' with a target price of 535p. Amerisur Resources: PeelHunt lowers target price from 58p to 50p and reiterates a 'hold' recommendation. Associated British Foods: Citi raises target price from 3100p to 3700p and maintains its 'buy' recommendation. Avingtrans: FinnCap up
Read moreDarty appoints new finance director
18th Nov 2014 15:16
French electronics retailer Darty has hired Albin Jacquemont, former Carrefour chief financial officer, as its new finance director. Jacquemont will join the group in the beginning of next year. The current finance director Dominic Platt will remain in the company until June 2015 to oversee the tra
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