NMC Health announces early completion of Americare acquisition
4th Jun 2015 07:14
NMC Health has completed its acquisition of Americare Group, which provides in-home healthcare services in the United Arab Emirates, ahead of schedule. The group had expected to not finalise the deal until the third quarter. Excluding synergies, the transaction is expected to be accretive with a po
Read moreFTSE 250 movers: NMC Health surges on acquisitions, Ophir Energy reverses
29th Apr 2015 13:20
Healthcare provider NMC Health topped the risers after completing the acquisition of two sector peers based in the United Arab Emirates for a combined £65m. Following the deal, analysts at Numis raised the target price on the stock for the second time in six weeks. Greggs surged after first-quarter
Read moreNMC Health jumps on acquisitions in the UAE
29th Apr 2015 10:13
Healthcare provider NMC Health has completed the acquisition of two sector peers based in the United Arab Emirates for a combined $100m (£65m). The London-listed UAE group said in a statement it has bought Americare Group, a provider of in-home healthcare in Abu Dhabi and Dr. Sunny Healthcare Group,
Read moreFTSE 250 movers: Petrofac beats analysts' expectations, AO World and Supergroup drop
25th Feb 2015 14:21
Petrofac topped the risers as profits came in above analysts' expectations, albeit towards the bottom of the company's own guidance. Chief executive Ayman Asfari said the company was well positioned to deal with the oil industry's declining prices, as the group ended the year with a record-breaking
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreNMC Health Q3 lifted by healthcare performance
28th Oct 2014 07:58
United Arab Emirates (UAE) based NMC Health reported a jump in third quarter revenue thanks to a strong performance by its healthcare division, which continued to benefit from increased demand for specialist clinical services. Total consolidated group revenue at the healthcare network operator climb
Read moreFTSE 250 movers: Retail stocks lead rise as footfall decline slows
21st Oct 2014 14:38
Retail stocks were putting in a strong performance on Tuesday after data from BRC-Springboard showed the decline in UK retail footfall eased to 0.9% in September from a 1.1% drop in August. Stocks such as Debenhams, Home Retail, Just Eat, WH Smith and Halfords were all in positive territory. "With a
Read moreTuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreNMC Health revenue lifted by higher patient numbers
19th Aug 2014 09:15
Higher patient numbers and moderate growth in revenue per patient helped to lift first half profits at private healthcare network operator NMC Health. Group revenue climbed from $273.1m to $314.3m year-on-year (y/y), although costs increased from $182.8m to $212.0m and expenses climbed from $57.2m
Read moreFTSE 250 movers: Chinese data lifts mining sector
1st Jul 2014 15:49
Mining stocks were the best performers today, following the decent economic data from top metals user China. African Barrick Gold, BlackRock World Mining and Polymetal were three of the strongest risers on the second tier this afternoon. UK regeneration specialist St. Modwen Properties jumped as
Read moreNMC Health CEO and founder buys 10m shares
30th Jun 2014 16:10
United Arab Emirates-based NMC Health saw its shares jump on Monday after its Chief Executive Officer and founder, B.R. Shetty, purchased 10m shares from its largest shareholder, H.E. Al Qebaisi. The 500p-a-share deal increased his holding to 47.74m, equal to a 25.71% stake in the integrated priva
Read moreFTSE 250 movers: NMC Health rises on CEO purchase
30th Jun 2014 15:36
NMC Health continued to surge, extending Friday's gains after its Chief Executive Officer and founder, B. R. Shetty, purchased 10m shares from its largest shareholder at a price of 500p per share. At the end of last week Numis Securities reiterated its 'buy' rating following the group's pre-close t
Read moreNMC Health confirms in line results and opening of two hospitals
26th Jun 2014 15:50
NMC Health jumped after confirming its results would be in line with its expectations for the six months ending June 30th. The group also said it had received the necessary approvals to begin seeing patients at Brightpoint Womens Hospital and DIP General Hospital from the first week of July. As
Read moreLondon open: Iraq tensions continue to pull stocks lower
16th Jun 2014 08:50
- Iraq tensions continue to push crude higher - Fed meeting in focus this week - Smith & Nephew falls as Medtronic buys Covidien techMARK 2,798.75 -0.58% FTSE 100 6,770.86 -0.10% FTSE 250 15,741.74 -0.46% UK stocks edged lower on Monday morning as ongoing tensions in Iraq continued to erode risk a
Read moreSector movers: M&A continues to lift healthcare stocks as Smith & Nephew jumps
28th May 2014 15:14
Healthcare stocks were at the top of the pile on Wednesday on the back of continued M&A activity in the sector, with UK-listed medical device maker Smith & Nephew in focus on reports of bid interest from overseas. The Financial Times reported today that US group Stryker had hired banks and was work
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