Friday broker round-up
27th May 2016 16:29
(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas
Read moreRPC Group sees profit and revenue significantly ahead
31st Mar 2016 08:14
(ShareCast News) - Plastic products design and engineering company RPC Group expects revenue and adjusted operating profit for the year to be ahead of the previous year. In a pre-close trading statement for the financial year ending 31 March, the company said revenues for 2015/16 are expected to be
Read moreRPC reports rise in third quarter revenue and profit
28th Jan 2016 10:57
(ShareCast News) - Plastic products design and engineering company RPC Group said revenues in the third quarter grew significantly thanks to continued underlying organic growth and acquisitions. In a trading update for the period from 1 October, the company said adjusted operating profit was also si
Read moreFTSE 250 movers: Commodities downturn clobbers midcaps
14th Dec 2015 15:14
(ShareCast News) - The FTSE 250 bounced around on Monday with the market in the red by mid-afternoon, down 16.77 points (0.10%) to 16,860.52. The commodities downturn hit a number of FTSE 250 companies on Monday, with Evraz down over 15% by mid-afternoon. Three-month metal contracts were down, with
Read moreRPC Group plans acquisition of Global Closure Systems
14th Dec 2015 08:45
(ShareCast News) - Plastic products design and engineering company RPC Group is planning to acquire Global Closure Systems Group (GCS Group) in a deal valued at €650m (£470m). The FTSE 250 company announced the proposed deal on Monday, and plans to fund it through a fully underwritten one for five r
Read moreRPC sees first-half revenues "significantly ahead" of last year
30th Sep 2015 07:36
(ShareCast News) - RPC Group expects revenue in the first half to be significantly ahead of the same period last year thanks to acquisitions and continued organic growth. The plastic product design and engineering company said overall trading should be in line with management's expectations taking i
Read moreRPC Group revenues rise 'significantly' in face of polymer price swings
15th Jul 2015 15:15
(ShareCast News) - First-quarter revenues rose significantly at RPC Group compared to the same period last year but the plastics group has had to contend with fluctuating prices for polymers. Polymer prices increased significantly in the quarter "due to the unprecedented number of forces majeure in
Read moreLondon close: Stocks shake off worries, close off lows
9th Jun 2015 16:38
London stocks managed to finish the session above their worst levels of the day as Wall Street fought to break a three day losing streak, although worries regarding the situation in Greece and the recent selling in German sovereign debt markets continued to weigh on sentiment. The Footsie ended the
Read moreFTSE 250 movers: Vedanta surges on takeover hints, Pets at Home lower on stake cut
9th Jun 2015 13:17
Mid caps were trading in the red on Tuesday, as construction, insurance and technology stocks put in weak performances. As of 15:00 BST, the FTSE 250 was trading 0.2% lower at 17,842.09. Vedanta Resources topped the risers as the company's response to media speculation that it could merge its subsi
Read moreLondon midday: Stocks knocked lower by Greek worries, Chinese data
9th Jun 2015 12:14
London stocks registered early gains although traders were still treading cautiously given the delicate state of the negotiations between Greece and its creditors. As of 12:20 the Footsie was lower by 19.89 points or 0.29% to 6,773.54 points. In parallel, Germany's Dax could be seen lower by 1.30% t
Read moreLondon open: Traders watching Greek negotiations closely
9th Jun 2015 08:57
London stocks registered early gains although traders were still treading cautiously given the delicate state of the negotiations between Greece and its creditors. As of 09:09 the Footsie was higher by 1.86 points to 6,791.90 points. "The fact that we're seeing technical support levels [across Euro
Read moreRPC Group full-year profit rises
9th Jun 2015 07:06
Plastics product design and engineering company RPC Group posted a 33% rise in full-year adjusted pre-tax profit to £119m from £89.5m, as the business performed well and management made progress in implementing its Vision 2020 growth strategy. Revenue for the year ended 31 March was up 17% at £1.22b
Read moreLondon pre-open: FTSE to continue lower amid Greece fears
9th Jun 2015 07:01
London-listed stocks were expected to begin Tuesday's session on the back foot, extending losses into their fourth day. City sources predict the FTSE 100 will open around 9-10 points lower than Monday's close of 6,790.04. "The fact that we're seeing technical support levels [across Europe] being br
Read moreFTSE 250 movers: Evraz higher on pledge to buy back shares, RPC reverses
1st Apr 2015 13:19
Russia-focused steelmaker Evraz surged after pledging to buy-back shares despite reporting a net loss of $1.28bn last year. FirstGroup rose strongly after saying trading for the year to the end of March had remained in line with expectations, with progress continuing on its medium-term transformatio
Read moreRPC expects annual revenue and profit to be in line with expectations
31st Mar 2015 09:42
Plastic packaging RPC Group said it expected annual revenue and adjusted operating profit to be in line with expectations and "significantly" ahead of last year. The group cited organic growth, acquisitions and benefits from the now concluded Fitter for the Future programme as the main drivers behin
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