Company
Croda International PLC
LON:CRDA
Croda International is a United Kingdom-based manufacturer of speciality chemicals. The Company has manufacturing facilities in 13 countries across Europe, the Americas and Asia.
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FTSE 100 ends choppy trading week in the red
The FTSE 100 closed out a choppy trading week on the wrong side of the 7,600 level
Croda gets US$75mln from US government to expand lipid systems manufacturing
The company expects the market for lipid systems “to grow significantly over the next 10 years”
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FTSE 100 ends higher lifted by China rate cut and UK retail sales data
A surprise interest rate cut in China appears to have lifted global market sentiment
Potash, fish and Croda among the winners from food inflation, says Credit Suisse
Food prices tend to stay higher for longer during times of inflation
Croda's polar lipids more valuable than gold, suggests broker
“Polar lipids are used to make the lipid nanoparticles that encapsulate and transport the RNA in the COVID-19 vaccines"
Croda upgraded by UBS as it 'ticks all the boxes' with Pfizer contract and likely disposals
Disposal of 75% of the combined PTIC divisions seems “most likely”, which would leave the chemicals group in a net cash positive position by the end of 2022
Croda could see opportunity in mRNA vaccine growth, says broker
Analysts at Berenberg flagged up the firm's sales of lipids used in COVID-19 mRNA vaccines as well as comments from BioNTech co-founder Ugur Sahin that “a third of all newly approved medications could be based on mRNA in 15 years’ time”
Croda raises guidance as COVID vaccine-related sales soar
Croda is now working on more than 100 COVID-19 projects in 20 countries across its three patient health platforms and expects lipid systems sales to top US$200mln this year.
Croda: Could the Pfizer jab provide a shot in the arm for the speciality chemicals group? This leading London bank thinks so
A 17-page circular from HSBC said: “We detect that Croda is changing."
Croda double-upgraded by Goldman Sachs on cosmetics comback and new mRNA opportunities
The comeback for consumer care after several lacklustre years is expected to be driven by “a rebound in volumes, raw material inflation, M&A and the strong long-term outlook for key customers”
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FTSE 100 closes a shade lower on quiet news day
The UK's top share index finished a shade down at 7,026, off by nearly three points, or 0.04%
Croda mulls sale of performance technologies & industrial chemicals businesses
The chemicals firm is focusing on the consumer care and life sciences sectors
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FTSE 100 closes higher as US data cheers
The UK's index of leading shares finished ahead by over 116 points, or 1.68%, at 7,039
Croda upped to buy by Citi following Iberchem acquisition
The bank said the acquisition of the Spanish firm offered Croda “access to the fastest-growing regions within the Fragrance space”
Croda snaps up Spanish fragrances firm Iberchem for £736mln
Croda also noted trading in the half-year to the end of October was in line with expectations
Croda resumes its descent as Barclays cuts its rating to 'underweight' from 'equal-weight'
Croda shares jumped on Tuesday on the back of an agreement with Pfizer to supply excipients, which are substances than improve the efficacy and delivery of the active pharmaceutical ingredients in a drug, to manufacture the US pharma compan
Croda International too expensive for JP Morgan, downgraded to ‘underweight’
The chemical company has jumped in value after signing a contract with Pfizer to supply material for its COVID-19 vaccine
Croda dishes dividend despite demand drop from cosmetics and skincare
Overall group sales fell 5.8% and profit before tax was 12.8% lower
Croda expands life sciences arm with Avanti Polar Lipids acquisition
Avanti creates and makes high-purity polar lipids that are used as delivery systems for complex therapeutic drugs and next-generation vaccines
Croda produces key ingredient in Boots’ new record-breaking face cream
100,000 people are on the waiting list for No7 Advanced Retinol 1.5% Complex Night Concentrate, priced at £34
Croda downgraded to ‘hold’ by Peel Hunt over market uncertainty
Analysts said the chemicals group has limited visibility
Croda to pay final dividend, says demand remains solid amid coronavirus pandemic
The specialty chemicals group said its customer order book is the same as usual but there is uncertainty over future sales
Croda upgraded to ‘buy’ by Liberum, “defensive” model cited
The firm is expected to be “the most resilient” in the UK chemicals industry this year, “as was the case in the 2007-2009 global financial crisis”
Croda International says performance was resilient in subdued market
The British chemicals group saw reduced profits in 2019 but found support in life sciences.
Croda knocked to ‘hold’ as Berenberg forecasts ‘muted’ short-term growth
The German bank said shares in the chemicals firm had reached their price target and there were now “few fundamental catalysts to drive a further re-rating”
Croda downgraded by Barclays as expectations are “too high”
The price target was also trimmed to 5,000p from 5,300p as analysts said the recovery is not imminent following a sharp half-year decline in personal care
Croda shares turn ugly as US-China trade dispute hits beauty business
Shares in the FTSE 100 chemicals group slumped to their lowest levels since October as first-half profits came in lower than expected
Investments and investor services
FTSE 100 closes in red as mining stocks weigh
FTSE 100 closed in the red on Wednesday as miners weighed after a sell-off in iron ore in China
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ITV investors watching for Love Island effect as new boy enters villa
The Conservative Party leadership contest was decided by a relatively convincing margin of 92,153 votes to 46,656, while Love Island commands consolidated viewing figures of more than 5mln
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ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
UBS strips chemicals maker Croda of ‘buy’ rating amid US concerns
Analysts have seen evidence of a “material slowdown” in the US cosmetics market, while weather disruption could hit the crop care business across the pond and the bio-surfactants plant is yet to restart
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Enjoy the UK bank holiday, because there will be little else to get excited about in the coming week
The shortened trading Week Ahead will only bring updates from the likes of second-liners FirstGroup, Pennon, Wizz Air, and Daily Mail & General Trust
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FTSE 100 closes in the red as resource stocks come off the boil
After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
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Primark owner AB Foods to take results spotlight on Wednesday
Primark’s performance is an all-important indicator for the FTSE 100 firm, especially with its sugar division continuing to struggle amid falling prices in the EU
FTSE 100 closes marginally down after treading water through the day as Parliament breaks for Easter after Brexit extension
Holiday cheer as airline stocks gain on hopes holidaymakers will put Brexit concerns aside for summer
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WH Smith investors are hoping for dividend boost
Less of a newsagent nowadays but could WH Smith be set to increase payouts to shareholders.
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Retailers Tesco and ASOS to provide the main corporate excitement in coming week
Also on the retail front, WH Smith and Dunelm will issue updates as well in the Week Ahead, while on the macro front an ECB rate decision and US FOMC meeting minutes are also due
Croda shareholders set for £270mln windfall
The chemicals maker has upped its ordinary dividend by 7.4%, while strengthening cash generation means bosses have also proposed an additional £150mln special dividend
FTSE 100 closes lower as Brexit is talk of the town
Footsie closed down around 32 points at 7,151, while the FTSE 250 added 23 at 19,270
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Standard Chartered to wrap up recent flurry of big bank results with charge-blurred numbers
Aside from the 2018 results from the emerging markets-focused bank, FTSE 100-listed housebuilder Persimmon and speciality chemicals blue chip Croda International will also report numbers
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Hotchpotch of blue-chip results set to flow in coming week from likes of Rolls-Royce, ITV, WPP
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Croda sexes up its portfolio with €72mln move into the pharma sector
Croda is acquiring Brenntag Biosector, which develops adjuvants for the human and veterinary vaccine markets
Croda International on track to meet full-year forecasts after solid third quarter
Core group sales rose 4.2% in the quarter, with the life sciences group the standout performer after posting a 7.5% rise in sales
FTSE 100 closes lower as sterling gains on BoE rate comments
The bank suggested there could be a faster pace of hikes if the UK gets a smooth Brexit deal
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No change expected from Bank of England on 'Super Thursday' despite Budget optimism
Aside from the BoE interest rate decision, the Day Ahead will also bring updates from the likes of BT Group, Royal Dutch Shell, Smith & Nephew, Shire, Just Eat, and Indivior
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UK Budget, BoE, US jobs data to sandwich flood of corporate updates from likes of BP and Shell
Aside from the oil majors, the slew of blue-chip updates due in the coming week will include global banks HSBC and Standard Chartered, and drugs firms GlaxoSmithKlne and Shire
OptiBiotix secures agreement to market cholesterol-reducing LPLDL in Taiwan
Under the three-year agreement, Taiwanese firm Bened Biomedical will produce, package, promote, market, and commercialise products containing the LPLDL strain
Investments and investor services
FTSE 100 closes in red as trade worries and Brexit fears put investors off
The UK index of leading shares finished Thursday down around 11 points, or 0.15%, at 7,563.
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CRH to provide progress report on margin improvement initiatives
There are not many heavyweights expected to release results on Thursday but plenty will be going ex-dividend
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World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
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Proactive news snapshot: Solo Oil, Metal Tiger, Tekcapital …
A glance at some of the day's highlights from the Proactive Investors newswire
IWG and Sabien Technology among Monday’s market losers
A look at some of the top risers and fallers in London today
Investments and investor services
FTSE 100 closes higher, supported by gains in oil giants as crude prices rise
At the close, the UK blue chip index was 4.68 points higher at 7,663.78, just below the session peak of 7,681.86, having recovered from a low of 7,636.60
Croda half-year profits rise sales though sales dip due to stronger pound; repeats confidence in full-year outcome
The FTSE 100-listed firm posted a 1.7% rise in pre-tax profit to £170.8mln for the six months to the end of June, as sales dipped by 0.6% to £702.8mln
FTSE 100 closes down as market awaits Trump/Juncker meeting
The UK blue-chip index closed around 50 points lower at 7,658, while FTSE 250 was also down - over 99 points at 20,753
Investments and investor services
ITV, GlaxoSmithKline and Indivior to be among the highlights for Wednesday
Among Wednesday's names are ITV, GlaxoSmithKline, Indivior, and Tullow Oil
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Apres moi le deluge: Flood of blue chip results to dominate in coming week, including BT Group
Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
Croda International's revenues clipped by currency moves
The group’s cosmetics business was the best performer in what is the group’s first quarter with sales rising 7.6%
FTSE 100 pares losses as US bond yields rise above 3%
Resource stocks suffer as US dollar makes headway on forex markets
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Big results day for banks and drugs as Lloyds and GlaxoSmithKline step up to the plate
Day ahead includes first-quarter updates from blue chip firms Lloyds Banking Group, GlaxoSmithKline, Whitbread, and Persimmon ...
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Lloyds, Barclays, RBS, GSK and Shire kick off earnings season for banks and pharmas
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
FTSE 100 closes in the black as Shire surges; tobacco stocks drift lower
Shire shares ended 5.89% up as the group received and rejected a takeover approach from Japan's Takeda Pharma
Investments and investor services
Unilever, Debenhams and Rentokil Initial in the spotlight as updates loom
Thursday looks a pretty busy day for investors with a number of important updates due.
Croda boasts of “significant progress” as sales and profits rose in 2017
"2017 was a year of significant progress, with record profits and strong organic sales growth,” said Steve Foots, chief executive
Investments and investor services
FTSE 100 closes in red as Powell's hawkish tone gives traders jitters
New Fed supremo Jerome Powell will likely stick to a gradual, three hikes scenario, but the case for a faster pace of tightening is growing stronger, according to Nordic investment bank, SEB
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Standard Chartered to take the bow for banking results, as Persimmon starts for the housebuilders
Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC
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Small cap movers: Dart Group shares take off after Jet2 holiday brand owner ups profit expectations
A look back at some of the more interesting stories from the junior market this week
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Housebuliders step up to the podium in busy week of corporate earnings
The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP
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Small-cap movers: Revived and packaged for sale, Plant Impact leads the week's risers
It has been a fairly buoyant week for the UK small-caps, which outperformed their more illustrious peers
Elektron Technology shares rise as it sells Queensgate Nano to Prior Scientific
A look at some of today's top risers and fallers in London
Croda agrees to buy Plant Impact for £10mln
Shareholders in Plant Impact will receive 10.57p in cash for each ordinary share, representing a 79.9% premium to the closing price on Thursday
Croda looks undervalued and could pay a special divi soon, says Berenberg
Analysts at the German bank now have the stock as a buy, claiming Croda is undervalued compared to peers and that there is a good chance of a special divi being announced next month
Jefferies downgrades Croda to ‘hold’ from ‘buy’ as risk/reward for the stock appears relatively balanced
The US broker’s analysts pointed out that the recent rally in Croda shares, in their view, more than amply discounts the firm’s improving free cashflow generation in 2018-2019, balance sheet flexibility, visibility on key earnings per share
Croda International sees an acceleration in sales growth
“The standout feature of the period appears to be the high margin Personal Care division," Liberum Capital said
FTSE 100 closes a shade higher as pound strengthens ahead of rate decision
Around 4pm, the UK blue chip index rose 2 points to 7,490
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BP kicks of big oil reporting season as investors adjust to the new normal for crude
Day ahead includes third quarter updates from blue chip oil major BP PLC, advertising giant WPP PLC, and mid cap food delivery firm Just Eat PLC