Sector movers: Industrial stocks rise as bid speculation boosts can maker Rexam
5th Feb 2015 15:58
M&A speculation surrounding Rexam sparked a surge in industrial stocks in London on Thursday after the beverage can maker confirmed rumours that it has been approached by Ball Corporation. Rexam's shares were up nearly 21% at 539.5p by the close after the company said it had held talks with Ball Cor
Read moreRPC Q3 adjusted operating profit "significantly ahead" than last year
29th Jan 2015 10:59
Packaging firm RPC Group said its adjusted operating profits for the third quarter were "significantly ahead" of the corresponding period the year before. The FTSE 250 group attributed the improvement to acquisitions and increased organic growth, adding that the impact of its 'Fitter for the Future'
Read moreFTSE 250 Movers: Transport surges, energy sector dips
27th Nov 2014 14:31
Stagecoach saw shares surge after its 90%-owned joint venture with Virgin Rail won the contract from the Department for Transport to run the new InterCity East Coast franchise for eight years from March 2015. Shares also jumped for plastic packaging supplier RPC, following the announcement of its
Read moreRPC to buy Promens in £306m deal
27th Nov 2014 11:17
Plastic packaging supplier RPC has announced its intention to purchase Iceland-based Promens Group AS for £306.73m. The deal, RPC said, was aimed at strengthening the company's position in Europe as well as meeting its increasing need for polymer. "The growth is very much outside of Europe [...] an
Read moreLondon pre-open: All eyes on the OPEC meeting, stocks inch higher
27th Nov 2014 07:32
US markets might be closed together for Thanksgiving but those hoping for a quiet day could be disappointed with the Organization of Petroleum Exporting Countries (OPEC) set for a pivotal meeting in Vienna. City sources predict the FTSE 100 will open around eight points higher than yesterday's close
Read moreBusiness acquistions boost RPC H1 revenue
27th Nov 2014 07:07
Rigid plastic packaging supplier RPC Group said its revenue grew in the first half of 2014, courtesy of business acquisitions and satisfying progress in its existing programmes. Revenue in the six months to September rose 12% to £588.9m, with profit before tax increasing from £30.1m to £34.9m, while
Read moreFTSE 250 movers: RPC jumps after upping revenue forecast
30th Sep 2014 15:14
Shares in RPC Group got a lift after it revealed its half-year revenues are expected to be "significantly" ahead of the same period last year thanks to recent acquisitions and growth in the US, coffee capsules and UK DIY markets. It said its operating profit before exceptionals is set to be in line
Read moreRPC H1 revenue to be higher
30th Sep 2014 12:23
Shares in RPC Group jumped after it revealed its half-year revenues are expected to be "significantly" ahead of the same period last year thanks to recent acquisitions and growth in the US, coffee capsules and UK DIY markets. It said its operating profit before exceptionals is set to be in line with
Read moreRPC rises on robust first quarter results
16th Jul 2014 12:59
Sales and profits continued to stiffen at rigid plastic packaging specialist RPC Group in the first quarter, in line with its previous guidance. It said both revenues and adjusted operating profit before exceptional items were up and its recently bolted-on acquisitions were making a good contributi
Read moreTuesday broker round-up UPDATE
12th Jun 2014 08:50
Afren: Oriel downgrades from buy to hold with a target price of 145p. Aggreko: RBC Capital downgrades to neutral with a target price of 1700p. Betfair Group: Morgan Stanley raises target price from 1150p to 1260p and keeps an overweight rating. BG Group: Nomura downgrades to neutral with a target
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreFTSE 250 movers: RPC Group as annual results impress
4th Jun 2014 13:58
Plastic packaging firm RPC Group was a strong riser after the company beat analysts' forecasts with its annual results as adjusted pre-tax profits rose 12% to £89.5m. Panmure Gordon upped its target price from 728p to 787p and retained a 'buy' recommendation. Office space provider Workspace was als
Read moreLondon midday: Tesco shares slip as UK stocks fall ahead of ECB
4th Jun 2014 11:37
- Markets await ECB meeting, US jobs data - UK services PMI ahead of expectations - US ADP report in focus later on, US futures fall - Tesco LFL sales worsen amid price cuts techMARK 2,816.15 +0.07% FTSE 100 6,820.85 -0.23% FTSE 250 15,978.73 +0.04% Nervousness ahead of the European Central Bank (
Read moreWednesday broker round-up UPDATE
4th Jun 2014 09:28
Advanced Computer Software: Panmure Gordon ups target price from 139p to 155p and stays with its buy recommendation. Avacta: Numis shifts target price from 1.9p to 2p and retains a buy recommendation. Balfour Beatty: Westhouse Securities reduces target price from 302p to 220p keeping its neutral r
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
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