Diploma books 28% drop in April revenues as it continues to operate
Operating profits and cash flows remain "good", the technical products supplier said
Company
Diploma PLC
LON:DPLM
Diploma PLC is a United Kingdom-based company engaged in the supply of specialized technical products and services. The Company operates through three segments: Life Sciences, Seals and Controls. The Life Sciences sector businesses supply a range of consumables, instrumentation and related services to clinical, research and environmental applications. The Seals sector businesses supply a range of hydraulic seals, gaskets, cylinders and attachment kits used in heavy mobile and industrial machinery. The Controls sector businesses supply specialized wiring, connectors, fasteners and control devices used in a range of applications.
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FTSE 100 closes strongly higher as traders eye huge US rescue package
Footsie finished up over 242 points, or 4.45% at 5,688.
Diploma says acquisitions to offset lower growth amid economic uncertainty
The FTSE 250 company, which supplies fluid seals and lab testing equipment, said revenues rose 12%, helped by "record" spending on four acquisitions last year
Diploma trades in line as it continues discussions for more acquisitions
Full-year revenues are expected to grow by 13%, with operating margins also predicted to be “modestly ahead”
Peel Hunt likes industrials but wary of some 'nosebleed' valuations for Diploma and Spirax-Sarco
The flight to safety in 2019 has pushed the share price premium for a handful of UK industrial stocks to "nose-bleed multiples" not seen since the financial crisis, the broker said
discoverIE has some of the “most attractive growth prospects” in UK industrials sector, says Berenberg
Analysts forecast that discoverIE would have around £30mln of acquisition firepower in the near term, which if deployed in similar terms to previous purchases could lift earnings by 10%
JPMorgan starts Diploma with ‘overweight’ rating, prefers to Electrocomponents started as ‘neutral’
The bank’s analysts said: “We view both Diploma and Electrocomponents as being high-quality operators compared to most other distributors”
Diploma dips on caution over industrial seals slowdown
New CEO Johnny Thomson said: “Despite macroeconomic uncertainties, the group remains on track to deliver good growth in revenues with modest margin progression for the full year”
Investments and investor services
FTSE 100 closes in red as US/China trade tensions ramp up a gear
The UK's blue-chip index finished the day around 39 points lower at 7,163
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Burberry, Kingfisher, Thomas Cook and Aston Martin in focus in week ahead
The week ahead's highlights include updates from Burberry, Land Securities, British Land, Premier Foods, Experian, Kingfisher, Aston Martin, Dignity, Centrica, Thomas Cook, On the Beach and Countryside Properties.
Diploma maintains full-year guidance after 'robust' first-half performance
Revenue growth was driven by a strong performance in the controls unit, which makes wiring, cables, connectors, fasteners and control devices
Halma, Diploma, and Vitec downgraded to ‘hold’ as Berenberg turns neutral on valuation grounds
The broker's analysts were mainly concerned that strong performances over the last year had left the three stocks trading at large premiums compared to their peers
Diploma poaches ex-Compass finance boss as new chief executive
Johnny Thomson joins a company in rude health, with Diploma reporting a 9% rise in first-quarter revenues
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FTSE 100 closes lower amid more political noise; Pearson biggest laggard
The UK's blue-chip index closed down around 32 points at 6,862 on the day
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UK data and Brexit in focus as markets poised to digest fallout of deal vote
The result of Parliament's vote on Theresa May's Brexit deal, which is predicted to be defeated, will be at the forefront of the market's mind come Wednesday morning
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Brexit, UK inflation the main focus but retail and housebuilder updates continue to flow
Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
Diploma shares advance as annual profits rise in wake of CEO departure
Diploma's revenues were boosted by recently acquired FS Cables and Coast Fabrication
FTSE 100 closes lower as UK politics, Brexit remain the focus
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
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UK investors will have plenty of updates to chew over in the coming week as turkeys are prepared for US Thanksgiving
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
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Informa and UK GDP data to cap off busy week in London
A host of data releases should give a much clearer picture of where the UK economy stands with the country on the brink of hopefully inking a Brexit deal