RPC Group offloads Letica and non-core assets, buys PLASgran
28th Aug 2018 07:24
(Sharecast News) - RPC Group announced on Tuesday that it has reached binding agreement with Graphic Packaging International for the sale of the foodservice business of Letica Corporation for a pre-tax cash free, debt free consideration of $95m.
Read moreRPC Group invests in US growth with £511m Letica acquisition and rights issue
9th Feb 2017 07:26
(ShareCast News) - RPC Group is to buy US plastics manufacturer Letica Group for up to £511m ($640m), the latest acquisition for the plastics engineering firm as it bids to expand in its reach outside Europe. The acquisition, subject to approval from the US Federal Trade Commission and the Depart of
Read moreRPC Group to buy European plastics maufacturer for €262.5m
15th Dec 2016 07:40
(ShareCast News) - Plastics engineering firm RPC Group is to buy European plastics manufacturer ESE World from Stirling Square Capital Partners for €262.5m in a bid to expand on the continent. The acquisition, which is subject to regulatory competition approval, provides a way for RPC to enter the w
Read moreMonday broker round-up
12th Dec 2016 15:55
(ShareCast News) - Greencore: Berenberg reiterates buy with a target price of 350p. Talk Talk: UBS reiterates neutral, 160p target. Barclays: JP Morgan reiterates neutral with a 215p target. Bunzl: Deutsche Bank reiterates buy with a 2450p target. Old Mutual: Barclays downgrades to equal-weight w
Read moreRPC Group achieves record half year profit
30th Nov 2016 08:48
(ShareCast News) - Plastic products maker RPC Group achieved record half year revenue and profit on the back of its so-called 'Vision 2020' strategy. In the six months ended 30 September, revenue rose 53% to £1.2bn, boosted by the acquisitions of Global Closure Systems and British Polythene Industri
Read moreFriday broker round-up
30th Sep 2016 10:06
(ShareCast News) - Vodafone: UBS reiterates buy with a target price of 310p. British Land: HSBC reiterantes buy, 738p target. Ophir Energy: Deutsche Bank keeps at neutral with a 95p target. Homeserve: UBS reiterates neutral with a 610p target. Intercontinental Hotels: Credit Suisse keeps at outpe
Read moreFTSE 250 movers: Evraz adds steel, Mitie's mighty fall to 2009 low
21st Sep 2016 14:22
(ShareCast News) - The FTSE 250 index on Wednesday recouped its losses from this and last week, led by further gains for miners. Top of the mid-cap list was miner and steel maker Evraz. Analyst Mike van Dulken at Accendo Markets said the Russian group, where Chelsea owner Roman Abramovich has a 31%
Read moreWednesday broker round-up
21st Sep 2016 10:57
(ShareCast News) - Barclays: HSBC upgrades to buy with a target price of 190p. Reckitt Benckiser: UBS keeps at buy, 8000p target. Go-Ahead: Deutsche Bank keeps at buy with a 2330p target. Kingfisher: HSBC reiterates hold with a 365p target. BHP Billition: Barclays keeps at equal-weight with a 990
Read moreThursday broker round-up
15th Sep 2016 13:57
(ShareCast News) - Sanne Group: Berenberg reiterates buy with a target price of 600p. Vodafone: Barclays reiterates overweight, 260p target. Petrofac: Jefferies downgrades to hold with a 800p target. Anglo American: JP Morgan reiterates overweight with a 1150p target. RPC Group: Berenberg stays a
Read moreRPC completes acquisition of British Polythene Industries
2nd Aug 2016 07:50
(ShareCast News) - Plastic products design and engineering company RPC announced on Tuesday the completion of the acquisition of British Polythene Industries, which it initially announced on 9 June. "We are delighted to complete the acquisition of BPI and to welcome our new colleagues and shareholde
Read moreLondon midday: Miners pace gains on stimulus hopes, upbeat US jobs data
11th Jul 2016 12:10
(ShareCast News) - London stocks were continuing to push higher come midday, carried by positive sentiment from Asia and the US, with domestic thoughts turning to the Bank of England monetary policy meeting scheduled for later in the week. Asian stocks finished the session with strong gains, as some
Read moreWeaker sterling boosts RPC in first quarter
11th Jul 2016 07:34
(ShareCast News) - Plastic products design and engineering company RPC Group updated the market on its first quarter trading on Monday - a quarter in which it continued integrating GCS and made an offer for BPI. The FTSE 250 firm said revenues in the three months to 30 June were significantly higher
Read moreBroker tips: Antofagasta, RPC, Flybe
9th Jun 2016 12:44
(ShareCast News) - Antofagasta shares dropped on Thursday as Canaccord Genuity downgraded the stock to 'hold' from 'buy' and lowered its target price to 475p from 550p. Canaccord said changes to the Chilean tax regime through 2018 may put pressure on Antofagasta's net margin and dividend. "The comp
Read moreNumis reiterates 'add' on RPC after deal to buy British Polythene Industries
9th Jun 2016 10:04
(ShareCast News) - RPC Group's 'add' rating and target price of 900p were reiterated by Numis after the plastics firm said it had agreed a £261m deal to buy British Polythene Industries (BPI). RPC said it was launching a £90m share placing to part fund the acquisition. The company will pay BPI share
Read moreRPC Group full-year profit and revenue up, dividend lifted
2nd Jun 2016 07:43
(ShareCast News) - FTSE 250 plastic products design and engineering company RPC Group posted a rise in full-year profit as revenue grew and said it has made a good start to the new year. For the year to the end of March, adjusted pre-tax profit rose 35% to £160.6m on revenue of £1.6bn, up 34% on the
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