RPC warns of challenging conditions and limited growth next year
28th Mar 2013 07:25
FTSE 250-listed plastic packaging firm RPC Group said that foreign exchange (FX) changes and challenging economic conditions mean that both revenues and profits will be lower this year, while limited growth is expected next year. In a separate statement, RPC appointed Simon Kesterton, a member of t
Read moreRPC continues to experience challenging market environment
31st Jan 2013 08:16
RPC Group, the European supplier of rigid plastic packaging, revealed sales volumes in the third quarter of the financial year 2012/13 were on a similar level to the corresponding period of the previous year, despite a more extended shut-down by many customers this Christmas. The group has seen gen
Read moreLondon close: Miners surge on US hopes
29th Nov 2012 16:39
- US GDP and housing data boosts stocks - 'Fiscal cliff' concerns ease after politicians' comments - Mining stocks rise on demand hopes Hopes about the US economy were driving gains on Thursday as investors reacted positively to comments from politicians about the 'fiscal cliff' and decent economic
Read moreFTSE 250 movers: Invensys continues to soar
29th Nov 2012 15:10
Technology group Invensys extended yesterday's surge after announcing last night that it is to sell its rail division to Siemens for 1.742bn pounds, pay down its pension deficit and return 625m pounds in cash to shareholders. Thus, the company's shares were again catapulted higher as talk picked up
Read moreLondon midday: Stocks rise after 'optimistic' comments on 'fiscal cliff'
29th Nov 2012 11:41
Hopes that the US can avert the impending 'fiscal cliff' were helping markets register decent gains on Thursday morning, following comments from policy-makers Stateside yesterday. US Republican Speaker of the House John Boehner said that he was "optimistic that we can continue to work together to a
Read moreLondon open: Stocks gain on US budget hopes
29th Nov 2012 08:22
UK equities opened strongly on Thursday morning with mining stocks leading the risers on the back of optimism that US policy-makers will eventually agree on a deal to avert the 'fiscal cliff'. "European equities are trading higher this morning managing to extend yesterday's afternoon late turnaroun
Read moreRPC hit by restructuring and impairment costs
29th Nov 2012 07:48
Rigid plastic packaging supplier RPC Group saw net profit halve in the first half as it was hit by restructuring costs and impairment losses, as it launched its 'Fitter for the Future' business optimisation programme to ensure cost efficiency. Net profit for the six months to September 30th total
Read moreThursday broker round-up UPDATE
29th Nov 2012 07:27
Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read moreLondon close: Stocks finish higher after late rally
8th Aug 2012 16:45
After an early fall, London's benchmark index rallied in afternoon trade to finish a few points higher, extending gains from the previous three sessions. The last time the FTSE 100 finished higher was on April 2nd when it hit 5,875. "Stocks and other risky assets have traded higher since Friday. C
Read moreLondon open: Stocks slip on concerns over Greece
8th Aug 2012 09:02
- S and P cuts Greek outlook to 'negative' - Markets await BoE inflation report - StanChart rebounds after yesterday's sell-off UK stocks slipped in the opening hour on Wednesday, with the Footsie pulling back after a four-month high, after Greece's long-term sovereign rating outlook was cut by Sta
Read moreFidessa Chairman increases holding by 10,000 shares
31st Jul 2012 16:39
The Chairman of trading systems developer Fidessa Group, John Hamer, topped up his holding in the firm with the purchase of 10,000 shares on the same day the company reported that its top line growth for the first half came in below forecasts. Hamer, who joined the firm in 1983, purchased the shar
Read moreRPC maintains stable first quarter revenue
18th Jul 2012 14:21
RPC Group, a supplier of rigid plastic packaging, has generated first-quarter revenue on a similar level with that seen last year, boosted by growth in higher added value products. However, activity levels in the Spanish and UK markets remain generally subdued, while capital expenditure continues
Read moreLondon close: Stocks rally on US stimulus speculation
12th Jun 2012 16:53
- Stimulus speculation from the Fed fuels stocks late on - Investors continue to mull Spanish aid plea - Bond yields surge in Spain and Italy The markets shrugged off surging bond yields in the Eurozone periphery on Tuesday to rally in afternoon trade as hopes of new stimulus measures in the US lif
Read moreFTSE 250 movers: RPC drops on uncertain outlook
12th Jun 2012 14:52
Shares in plastic packaging firm RPC Group dropped despite the firm hiking its dividend after the successful acquisition of food packaging firm Superfos helped drive up profit in the year to the end of March. However, the firm did note that in the short term it was facing a difficult and uncertain m
Read moreLondon midday: Stocks edge higher despite Eurozone uncertainty
12th Jun 2012 11:35
- Stocks edge higher, but still cautious - Italy now in the spotlight - Chinese bank lending improves After a subdued start, London's FTSE 100 index had edged higher by Tuesday lunchtime, but gains were only slight as the Eurozone uncertainty continues to cloud the outlook for the global economy.
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