DCC expects to top full-year expectations provided the weather plays nice
The Irish company expects that the year ending March 31, 2021, will be another period of development and good growth in operating profit
Company
DCC Energy PLC
LON:DCC
DCC plc is a multi-energy sales and distribution business operating in Europe and the US. Headquartered in Dublin, DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
96 stories · page 2 of 5
Hardware & electrical equipment
Stockpicker's paradise for those looking at small- and mid-cap stocks, says leading London broker
JP Morgan Cazenove provided its commentary on the sector earlier Thursday
DCC steps up US LPG acquistion drive
The group has spent US$445mln on acquisitions in the US sector since 2018 to build the sixth largest player in the market
DCC raises dividend, focuses on expansion
Revenues were lower due to the coronavirus pandemic but operating profit jumped compared to last year
DCC upped to outperform as RBC spies significant upside from M&A
The Canadian bank also said concerns around the impact of electric vehicles on the firm as well as lacklustre acquisition activity were "overdone"
DCC expands with pair of bolt-on acquisitions
It is gaining an entry point into the New England market in the United States, while in Europe it has bolstered its operations in the Benelux region.
DCC downgraded as Barclays questions growth prospects
Barclays says there are question-marks about the future growth prospects for some divisions
Archive
FTSE 100 closes in red but just above 6,000 as Eurozone data spooks traders
Britain's index of top shares finished the day down around 11 points at 6,001. Over the week, the benchmark fell around 1.4%
DCC lower as RBC Capital downgrades to ‘sector perform’ from ‘outperform’ after recent update
The Canadian bank raised its target price for the FTSE 100-listed firm to 7,400p from 6,000p, with the shares currently changing hands at 6,960p
DCC says first quarter trading ahead of expectations despite hit from pandemic
The support services group also said despite the impact of the pandemic on the economy it was “well positioned to continue its growth and development into the future”
DCC increases dividend as trading remains solid in face of pandemic
The FTSE 100 distribution group, which is focused on fuels, technology and healthcare, said it has seen “significant demand increases in some areas, with significant declines in others”
DCC reiterates full-year guidance after strong third quarter
Group operating profit for the final three months of 2019 was in line with expectations
DCC sounds note of caution over full-year outcome
DCC has also acquired Ion Laboratories, a provider of contract manufacturing and related services to the US health supplements and nutritional products market
DCC reiterates full-year guidance after solid start to current fiscal year
The FTSE 100-listed group reiterated its belief that the year ending 31 March 2020 will be another year of profit growth and development
Investments and investor services
FTSE 100 closes lower Friday after lacklustre week
The FTSE 250 went the other way and gained over 87 points on Friday
Archive
Gym Group set to flex its muscles again with strong trading update
Analysts at Liberum expect Gym Group to benefit from the rising popularity of low-cost gyms as more consumers tighten the purse strings and make healthier choices
Archive
Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
RBC downgrades Compass as future direction becomes less clear
RBC upped its share price target as it raised forecasts but cut its recommendation to ‘sector perform’ from ‘outperform’ due to valuation and some doubts about the market's future
Archive
United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
Archive
Still no opportunities to sell in May, with Royal Mail and M&S set to deliver updates
The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers