RPC Group Shares News & Articles

Why the market is not impressed with £45m pocket change premium for in-demand plastics packager RPC

The private equity firm Apollo Capital has today been ‘trumped’ in its bid to take control of UK plastics packing business RPC (RPC), and it’s got nothing to do with US President Donald. Swooping in from left-field is Berry Global, the $6.7bn NYSE-listed US packaging peer to RPC, which has today tabled an improvement on Apollo’s £3.3bn, 782p per share offer. DETAILS OF THE NEW DEAL ...

Market report: Debenhams surges on Mike Ashley coup, GVC slumps on director share sales

London’s FTSE 100 softens 45 points to 7,112 on Friday as poor economic news from China and Germany casts a dark cloud over global markets. In mainland Europe, indices are flashing red and Asian shares have taken a beating after Chinese exports saw their biggest fall in three years in February amid the trade war with the US. And German industrial orders fell by their biggest amount in seven ...

Market report: Water sector rallies on watchdog approval but BT slides on third quarter growth and cash flow pinch

UK water industry stocks are rallying in early trade on Thursday after the three UK listed firms – Severn Trent (SVT), United Utilities (UU.) and Pennon (PNN) – see their business plans win watchdog approval. That sends sector share prices rallying having removed a hefty unknown for investors, led by the 1.5% rise at United Utilities to 832p, the UK’s largest water company. The ...

Market report: Metro Bank mashed on warning, Burberry bucks negative Chinese sentiment

The FTSE 100 started the day on the back foot after a sell-off in the US overnight and strength in sterling on hopes Article 50 will be extended, delaying Brexit. The index of leading shares was down 0.5% to 6,870.27. UK fashion brand Burberry (BRBY) softens by 1.4% to £17.51 as its same-store sales in the third quarter slow from 2% a year earlier to 1% and sales as a whole dropped 1%. The ...

Market report: More detail on Interserve debt-for-equity swap, RPC again extends buyout deadline

Public sector services supplier Interserve (IRV) has reminded investors to the scale of its debt-for-equity deleveraging plans, with shareholders facing huge losses in the immediate future. The embattled company puts out an update on Friday on its programme to dig itself out of a deep debt hole, but warns of the stark repercussions. ‘It is anticipated that the issue of new equity will result ...

Market report: Sunny results for On the Beach, Experian deal hit by competition concerns

The FTSE 100 is flat in early trading this morning at 7,019.57 as traders look for clues on whether the US and China can resolve their differences on trade at this week’s G20 summit in Argentina. Travel company On the Beach (OTB) posts a 24% rise in full-year profit after riding out a slump in demand caused by hot UK summer weather by cutting its marketing spend. Pre-tax profit for the ...

Market report: Insurer Hiscox battered by claims, tech guru Micro Focus extends buyback

Markets get off to a slow start on Monday with the FTSE100 losing 0.3% to 7,094 points and US futures down a similar amount after losses in Asia on escalating trade concerns. Shares in insurer Hiscox (HSX) retreat 7% to £15.32 after the company reports third-quarter results which include $125m of provisions for catastrophe losses. It also notes that claims have extended into October. As ...

Market report: Greggs shocks with pizza-boosted recovery, Aviva turnaround man to leave

British baker Greggs (GRG) reported a 3.2% rise in like-for-like sales for the third quarter to 29 September, an improvement on its first half, thanks to drinks and pizza. The food outlet chain’s drinks range and new focaccia-style pizzas proved popular during a particularly hot summer. Sales at bakery chain Greggs grew over the summer, despite fears that the stores would see a drop off in ...

Investors see RPC buyout as attractive end game as shares leap on approaches

Given the public backlash recently against plastics and their uncanny ability to end up in our oceans, it might seem strange that RPC (RPC), one of the UK’s biggest producers of plastics packaging, is attracting buyout interest. The £3.35bn FTSE 250 company has today confirmed weekend newspaper speculation that it is currently in talks which might lead to a takeover of the group. Private ...

Market report: Bunzl posts acquisitions-boosted profits on quiet day for UK corporate news, FTSE 100 higher

British business supplies distributor Bunzl (BNZL) posts a modest 3.9% rise in first half pre-tax profit to £257.9m, driven by gains from recent acquisitions. The FTSE 100 company completed three acquisitions in the period, and there’s another one announced today. Bunzl has snapped up Oslo-based catering equipment supplier Enor, whose customers include hotels, restaurants, hospitals and fast ...

Shares in packaging companies jump after FTSE 100 player Smurfit Kappa receives takeover bid

Shares in packaging companies have jumped up after FTSE 100 sector constituent Smurfit Kappa (SKG) received a surprise takeover approach from US-based International Paper. No details were given as to the value of the approach. Takeover bids are often priced at least 20% above the market price before an approach, to give an incentive for shareholders to accept an offer. Investec analyst ...
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