NMC Health to meet expectations for 2013 results
3rd Jan 2014 07:04
United Arab Emirates healthcare provider NMC Health said its results for 2013 were expected to be in line with expectations, with growth seen in both its healthcare and distribution divisions throughout the 12-month period. The group's net debt position, capital expenditure and operational cash fl
Read moreSector movers: Healthcare stocks gain, Smith & Nephew hits record high
3rd Dec 2013 15:14
A reduction in risk appetite across financial markets on Tuesday helped stocks in defensive sectors such as healthcare with heavyweight constituent Smith & Nephew lifted higher after a broker upgrade. Sectors such as mining, oil and banking were being sold off today with "risk assets [being] dumped
Read moreNew non-exec celebrates excellent results at Thomas Cook with purchase
28th Nov 2013 16:39
Warren Tucker, who was recently appointed as a Non-Executive Director of travel group Thomas Cook, on Thursday acquired a stake in the group the same day it unveiled an impressive set of full-year results. The purchase of 30,800 shares at 169p each set him back £52,052. The FTSE 250 travel congl
Read moreLondon close: Markets up after economic data, Lloyds rises
27th Nov 2013 16:43
- Economic data comes in broadly positive - Global indices trading near record highs - M&A speculation surrounds Lloyds, AMEC techMARK 2,658.82 +0.35% FTSE 100 6,649.47 +0.20% FTSE 250 15,406.67 +0.66% UK markets finished in positive territory on Wednesday as investors reacted to a flurry of econo
Read moreFTSE 250 movers: De La Rue hit by Citigroup downgrade
27th Nov 2013 14:05
Banknote printer De La Rue was in the red today, pulling back after a strong rise the day before after its first-half report. The stock was being weighed down this morning by Citigroup, which downgraded its rating from 'buy' to 'hold'. Yesterday the stock rose strongly on the back of an upgrade from
Read moreLondon midday: Stocks rise after UK data, but gains limited
27th Nov 2013 11:33
- Q3 UK GDP confirms small acceleration in growth - German coalition, GfK consumer confidence in focus - Ex-div stocks cap gains - Volumes set to be low ahead of Thanksgiving techMARK 2,656.92 +0.28% FTSE 100 6,648.87 +0.19% FTSE 250 15,386.74 +0.53% Markets in London were in positive territory on
Read moreBroker tips: Rio Tinto, Aviva, Compass, NMC Health
27th Nov 2013 11:33
Canaccord Genuity has cut its target price for mining group Rio Tinto but has kept a 'buy' rating, saying that the stock is still 'cheap'. "We believe Rio Tinto shares offer investors strong management and advantaged assets combining to drive a growing dividend. Its investment programme should give
Read moreBroker snap: NMC Health rated 'buy' after Dubai reforms, say analysts
27th Nov 2013 09:50
Numis Securities and Jefferies both reiterated their 'buy' ratings for United Arab Emirates-focused healthcare group NMC Health after Dubai announced that healthcare insurance will become mandatory for all residents, at the expense of the employer. While the government has not yet revealed details
Read moreNMC Health boosted by Dubai health insurance mandate
27th Nov 2013 09:23
Shares in NMC Health were given a fillip by news that the Dubai government has made healthcare insurance mandatory for all residents and visitors. Cited by analysts as a key catalyst for FTSE 250-listed NMC, which has three existing facilities in Dubai and one poised to open soon, the government ma
Read moreWednesday broker round-up UPDATE
27th Nov 2013 09:14
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read moreNMC Health lifts revenues as patients fill more beds
29th Oct 2013 08:16
NMC Health reported a good performance in its third quarter as more patients filled its beds and it saw increased demand for its specialist clinical services. The United Arab Emirates private sector healthcare operator reported revenues rose 10.6% to $136.5m in the third quarter and said trading si
Read moreLondon close: Markets finish lower despite late rally
20th Aug 2013 16:39
Markets slumped to a six-week low on Tuesday as investors trimmed positions and scaled back risk appetite ahead of minutes of the latest US policy meeting due out tomorrow. The FTSE 100 dropped to an intraday low of around 6,400 early on after a series of disappointing corporate earnings, but ralli
Read moreFTSE 250 movers: Fisher, NMC Health, Evraz
20th Aug 2013 15:49
James Fisher, the worldwide marine services was on the rise after revealing that it had sold 25 per cent of its stake in Foreland Holdings, and acquired Osiris, a diving and sub-sea services firm. The stake in Foreland Holdings was sold for an initial consideration of £11.4m, with potential additi
Read moreNMC Health posts double-digit H1 earnings growth
20th Aug 2013 07:48
Growth in referrals and patient numbers helped Abu Dhabi healthcare and distribution group NMC Health to a strong first half result. One of the largest private healthcare providers in the United Arab Emirates, where mandatory health insurance legislation is looming, FTSE 250-listed NMC grew revenue
Read moreNMC Health completes replacement loan facility
4th Jun 2013 07:49
NMC Health has completed a 225m dollar replacement loan facility agreement with a number of international and regional banks headed by JPMorgan. The new five-year term loan facility will be used to repay a number of borrowings including a $150m five-year syndicated term loan facility which was ente
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