DCC acquisitions help unbroken quarter-century of dividend growth
Acquisitions of £370mln have been made over the past 12 months since the last results, including £90mln announced on Tuesday
Company
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.
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Acquisitions of £370mln have been made over the past 12 months since the last results, including £90mln announced on Tuesday
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On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing
"The group's market-leading positions, combined with the recent significant development activity and its strong and liquid balance sheet, provide DCC with the platforms, opportunities and capabilities to build the group into a global leader
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The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
Investments and investor services
The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
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Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
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Aside from the inevitable Brexit drama, the Week Ahead will be dominated by another batch of corporate updates from the likes of Kingfisher, Centrica, easyJet, and Compass Group
"The group reiterates its belief that the year ending 31 March 2019 will be another year of profit growth and development," said Donal Murphy, the CEO of DCC
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The UK blue-chip benchmark closed up 0.68 at 7,053, while the FTSE 250 added over 174 points at 18,985
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The City diary is filled to the brim, with updates expected from Taylor Wimpey, McCarthy & Stone, Vodafone, Premier Foods, Experian and many more
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The week ahead includes trading updates from Bovis Homes and Taylor Wimpey, full year results from McCarthy & Stone, interims from Royal Mail, Vodafone and Premier Foods along with a batch of UK data
The UK blue-chip index closed down around 14 points at 7,495 as the stronger pound weighed
DCC raised further funds by placing 8.9mln shares as part of a drive to extend its geographic footprint and product range
The pound is off 0.52% against the greenback at the time of writing..
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A look at some of the biggest risers and fallers in the London market on Friday
Stampede represents DCC subsidiary DCC Technology's first acquisition in North America
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The day ahead includes trading updates from Hays and Experian
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Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
Investments and investor services
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks