Rpc Group Share News (RPC)

Rpc Group Information

There is currently no data for RPC

Weaker sterling boosts RPC in first quarter

Mon, 11th Jul 2016 07:34

(ShareCast News) - Plastic products design and engineering company RPC Group updated the market on its first quarter trading on Monday - a quarter in which it continued integrating GCS and made an offer for BPI.The FTSE 250 firm said revenues in the three months to 30 June were significantly higher than the same period last year, due to underlying growth and the contribution of acquisitions.Adjusted operating profit at constant currencies was also significantly ahead of both 2015, and management expectations, driven by increased sales volumes, the "realisation of synergies", a reversal of last year's polymer headwind and a better-than-expected contribution from Global Closure Systems.RPC completed the acquisition of Global Closure Systems at the end of March.The group said its results also benefited from a weaker sterling, as around 75% of its revenues are generated outside the UK."Good cash flow was achieved in the period and the group retains a robust financial position with significant headroom under its debt facilities," the board said in its statement,RPC said the organisational integration of GCS into its Bramlage division was progressing well and is now "substantially complete".It said the realisation of the anticipated €80m of total steady state synergies associated with the acquisition of GCS and Promens also remains on track.During the period, RPC announced a recommended cash and share offer for the entire share capital of British Polythene Industries.The board confirmed that BPI shareholders will vote on the proposal on 25 July and, subject to their approval, the acquisition - which has already received unconditional merger clearance from the European Commission - is expected to complete early August."The group's overall performance in the quarter was encouraging with GCS performing ahead of expectations," said RPC chief executive Pim Vervaat."The anticipated addition of the BPI business will be another significant step in realising our Vision 2020 focused growth strategy."Vervaat said RPC is generally well-placed to operated in periods of macroeconomic uncertainty, including that which may be caused by the outcome of the Brexit referendum."The weakening of sterling enhances the competitiveness of the UK operations due to the higher cost of imports from mainland Europe, and the group's position as a modest net exporter from the UK may incrementally benefit its performance."

More News

14 Dec 2016 12:20

UPDATE 1-Dutch packaging maker Schoeller Allibert explores sale - sources

* Citi hired to find buyer for Schoeller Allibert - sources * Could be valued at 400-500 mln eur - sources * Schoeller Allibert owned by JP Morgan, Schoeller family (Adds details on valuation, other pending deals) By Arno Schuetze FRANKFURT, Dec 14 (Reuters) - Dutch pack

14 Dec 2016 11:56

Dutch packaging maker Schoeller Allibert explores sale - sources

FRANKFURT, Dec 14 (Reuters) - Dutch packaging maker Schoeller Allibert is exploring a sale as its owners seek an exit after reshaping the company, adding to a string of deals in the sector, three people close to the matter said. Majority owner JP Morgan as well as co-investor Schoeller, a

12 Dec 2016 15:55

Monday broker round-up

(ShareCast News) - Greencore: Berenberg reiterates buy with a target price of 350p. Talk Talk: UBS reiterates neutral, 160p target. Barclays: JP Morgan reiterates neutral with a 215p target. Bunzl: Deutsche Bank reiterates buy with a 2450p target. Old Mutual: Barclays downgrades to equal-weight w

1 Dec 2016 09:31

BROKER RATINGS SUMMARY: Credit Suisse Raises BP To Outperform

30 Nov 2016 17:21

Surging oil price pushes Britain's FTSE higher

* FTSE 100 up 0.2 pct * Energy sector biggest riser as oil soars on OPEC deal * RBS falls after failing bank stress test * Ashtead, Zoopla, RPC hit record highs (Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./c

30 Nov 2016 12:03

LONDON MARKET MIDDAY: OPEC Optimism Sends Stocks, Oil Price Higher

30 Nov 2016 08:48

RPC Group achieves record half year profit

(ShareCast News) - Plastic products maker RPC Group achieved record half year revenue and profit on the back of its so-called 'Vision 2020' strategy. In the six months ended 30 September, revenue rose 53% to £1.2bn, boosted by the acquisitions of Global Closure Systems and British Polythene Industri

23 Nov 2016 16:10

UK Earnings, Trading Statements Calendar - Next 7 Days

18 Nov 2016 15:57

U.S. packaging group Westrock puts dispensers unit up for sale - sources

By Arno Schuetze FRANKFURT, Nov 18 (Reuters) - U.S. packaging group Westrock has put a unit making soap dispensers and perfume sprayers up for sale in a potential $1 billion deal, as it seeks to streamline its portfolio after a recent merger, three people close to the matter said. We

3 Nov 2016 10:09

SVPGlobal puts UK packaging group Linpac up for sale - sources

FRANKFURT, Nov 3 (Reuters) - Buyout group SVPGlobal has put UK food packaging group Linpac up for sale in a potential 500 million euro ($556 million) deal led by investment bank Rothschild, several people close to the matter said. Bidders have until the middle of next week to submit first-r

26 Oct 2016 11:22

British packaging group RPC prepares bid for French peer Albea - sources

FRANKFURT, Oct 26 (Reuters) - British packaging group RPC is preparing a bid for private equity-owned French peer Albea in a potential $1.5 billion deal as it seeks to broaden its footprint in bottles, dispensers and tubes for cosmetics, people close to the matter said. Private equity grou

30 Sep 2016 10:06

Friday broker round-up

(ShareCast News) - Vodafone: UBS reiterates buy with a target price of 310p. British Land: HSBC reiterantes buy, 738p target. Ophir Energy: Deutsche Bank keeps at neutral with a 95p target. Homeserve: UBS reiterates neutral with a 610p target. Intercontinental Hotels: Credit Suisse keeps at outpe

30 Sep 2016 08:27

BROKER RATINGS SUMMARY: Split View On Capita As Two Raise, Three Cut

21 Sep 2016 14:22

FTSE 250 movers: Evraz adds steel, Mitie's mighty fall to 2009 low

(ShareCast News) - The FTSE 250 index on Wednesday recouped its losses from this and last week, led by further gains for miners. Top of the mid-cap list was miner and steel maker Evraz. Analyst Mike van Dulken at Accendo Markets said the Russian group, where Chelsea owner Roman Abramovich has a 31%

21 Sep 2016 10:57

Wednesday broker round-up

(ShareCast News) - Barclays: HSBC upgrades to buy with a target price of 190p. Reckitt Benckiser: UBS keeps at buy, 8000p target. Go-Ahead: Deutsche Bank keeps at buy with a 2330p target. Kingfisher: HSBC reiterates hold with a 365p target. BHP Billition: Barclays keeps at equal-weight with a 990

Latest Share Chat

Rpc Group Share News (RPC)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Weaker sterling boosts RPC in first quarter

Login to your account

Quickpicks are a member only feature

Login to your account