FTSE 100 sees best winning streak in two years as trade war fears abate Markets The FTSE 100 finished in the green on Tuesday for the seventh consecutive day, notching its best run of gains in two years as investor worries over protracted trade wars began to soften. London’s blue-chip index closed on a 0.64 per cent gain at 8328.60. Distribution firm Bunzl ended trading as one of the top [...]
DCC: FTSE 100 giant to sell healthcare division for £1.1bn Business DCC has announced plans to sell its healthcare division to Healthco Investment Limited for £1.1bn as part of the FTSE 100’s company’s plan to shift its focus toward energy. The value of the deal is around 12 times DCC’s full-year adjusted operating profit and will see £945m in net cash proceeds over the coming years. [...]
Irish FTSE 100 giant DCC picks up £90m UK green ‘retrofit’ firm ENERGY DCC have bought Next Energy, a key provider of home energy retrofitting services
DCC splashes £213m on Medi-Globe in sustained acquisitions spree September 8, 2022 DCC has splashed €245m (£213m) on medical device company Medi-Globe, in the healthcare division’s biggest acquisition. The buyout, which is still subject to competition regulatory approval in Germany and France, is expected to be completed in the final few months of the year and drum up a mid-teen return on capital over the next three [...]
DCC boss hails ‘astonishing year’ as PPE demand boosts profit May 18, 2021 DCC appoints former JP Morgan investment banker as its next chairman
DCC snaps up medical supplier Wörner for €80m March 15, 2021 FTSE 100 services firm DCC has this morning bought German medical supplier Wörner for around €80m (£68.5m). The firm supplies equipment such as PPE, COVID antibody tests, injectables, wound care to around 20,000 customers in Germany in Switzerland. It recorded revenue of approximately €70m in 2020. Irish firm DCC said that the move would provide [...]
Support services group DCC post strong profit growth for first half of 2019 November 12, 2019 International marketing and support services group DCC have reported a 15 per cent growth in profit for the first half of 2019, with strong performances across its four divisions. The FTSE 100 company said the rise to £162.6m from £141.9m in 2018 was in line with expectations. Read more: Mr Kipling owner Premier Foods increases [...]
DCC shares up on double-digit growth and £90m spending spree May 14, 2019 Irish multinational DCC today announced another £90m in new acquisitions as it revealed that strong growth in its natural gas segment helped push up profits. The FTSE 100 company sold 10.8 per cent more liquefied petroleum gas (LPG) to 2.1m tonnes in the financial year ending March, helping to push revenue up by 30.5 per [...]
Energy watchdog issues Avro with May smart meter deadline March 8, 2019 The UK energy watchdog is considering issuing Avro Energy with a final order that would prevent it taking on new customers. The gas and electricity company has missed the deadline to become a Data Communications Company user by more than a year, and Ofgem is consulting on placing a ban on the firm if it does [...]