RPC cost-cutting lifts earnings above expectations
4th Jun 2014 07:29
- Revenues up 7% to £1.05bn - Earnings ahead of consensus at 41.1p - Final dividend of 11p Organic growth backed up by acquisitions helped plastic packaging manufacturer RPC Group beats earnings expectations for the full year. Revenue swelled 7% £1.05bn, fractionally shy of consensus, but its 'Fit
Read moreRPC completes acquisition of ACE Corporation
2nd Jun 2014 13:59
FTSE 250-listed plastic packaging supplier RPC has acquired ACE Corporation following its approval in Germany. As such the group paid an initial consideration of £178m, satisfied by the issue of 8.51m shares. Headquartered in Hong Kong, ACE is a manufacturer of plastic injection moulded compone
Read moreWednesday broker round-up UPDATE
7th May 2014 08:35
Balfour Beatty: Jefferies reduces target price from 403p to 233p downgrading to hold. Deutsche Bank cuts target price from 280p to 250p and leaves its hold recommendation unchanged. Numis reduces target price to 260p and retains an add rating. Barclays: Deutsche Bank lowers target price from 320p t
Read moreTuesday broker round-up UPDATE
6th May 2014 08:44
Antofagasta: RBC Capital upgrades to buy with a target price of 900p. Barclays: Numis downgrades from add to hold with a target price of 280p. BG Group: Goldman Sachs ups target price from 1500p to 1530p and retains a strong buy recommendation. Britvic: Numis raises target price to 684p and keeps
Read moreRPC places shares to help fund Hong Kong acquisition
1st May 2014 09:13
RPC Group, the FTSE 250-listed rigid plastic packaging supplier, has announced plans to acquire Hong Kong-based ACE Corporation, which it plans to part-fund by way of a placing of 8.51m shares. The initial consideration is £178m and the total £255m. Of this, £75m will be funded by the placing and t
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreRPC's annual results in line after Q4 growth
27th Mar 2014 07:37
RPC Group, the Europe-focused supplier of rigid plastic packaging, said that full-year trading has been in line with management's expectations. The company, which makes consumer packaging for sectors such as food, cosmetics and healthcare, said revenue in the fourth quarter ending March 31st will b
Read moreMonday broker round-up UPDATE
10th Feb 2014 08:13
Admiral Group: Goldman Sachs downgrades from buy to neutral with a target price of 1440p. APR Energy: Jefferies lowers target price from 1260p to 1250p keeping a buy recommendation. Dialight: N+1 Singer reduces target price from 1227p to 1022p, while leaving its buy recommendation unchanged. Ferr
Read moreRPC Q3 trading levels come in ahead of expectations
30th Jan 2014 08:42
Plastics packaging supplier RPC Group has said that its third quarter delivered trading levels ahead of its expectations, helped by a shift in its product mix towards higher added value products. Operating profit from continuing operations in the three-month period was ahead of the same period the
Read moreRPC acquires plastic packaging supplier Helioplast
8th Jan 2014 07:52
Plastic packaging group RPC Group has bought Helioplast, supplier of plastic packaging for the consumer food sector. Helioplast, which is based in Bosnia and Herzegovina, generates around £7m of annual sales and employs about 80 people. For the year ended December 31st 2012, it made an operating
Read moreTuesday tips round-up: GlaxoSmithKline, RPC Group
17th Dec 2013 08:27
Perhaps two of the most difficult lessons in Finance are knowing when to cash in your chips and when it´s simply best to walk away. On Wednesday GlaxoSmithKline (GSK) announced its offer to raise its stake in GSK Pharmaceutical, its India drug manufacturing unit, from 50 per cent to 75 per cent. Tha
Read moreLondon close: Markets surge, bargain hunters step in after recent falls
16th Dec 2013 17:04
- FTSE 100 jumps 1.3 per cent after hitting two-month low - Aggreko jumps on full-year guidance - Miners erase losses after slow start - Chinese manufacturing data disappoints, Eurozone PMIs impress techMARK 2,686.10 +0.84% FTSE 100 6,522.20 +1.28% FTSE 250 15,384.58 +0.99% Stocks rose strongly on
Read moreSector movers: RPC leads industrials higher after Maynard & Harris purchase
16th Dec 2013 15:44
The general industrial sector was up two per cent on Monday as plastic packaging group RPC pleased investors with the acquisition of smaller peer Maynard & Harris (M&H). M&H is a personal care, healthcare and food packaging business and a "good strategic fit", according to RPC. Analysts at Panmure
Read moreFTSE 250 movers: Perform attempts to recover after recent sell-off
16th Dec 2013 15:24
Digital sports media firm Perform Group was a high riser on Monday as it continues to recover following a sharp sell-off last week following a profit warning. The company's share price fell 57 per cent on Thursday alone after it said that earnings would be 'significantly below' previous forecasts.
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