Feb 4 2026
Business Support Services
Recent Research
Diploma plc, Q1 trading statement
Jan 14 2026
DCC, Results of the Tender Offer
Dec 19 2025
Diploma plc, Strong FY2025 results
Nov 18 2025
DCC, £600m tender offer details
Nov 17 2025
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DCC
Maintains full year guidance after strong growth in Q3
DCC has published a trading statement covering its fiscal Q3 to end-December. The company has achieved strong growth in Q3, driven primarily by organic growth in its core Energy...
DCC
Further acquisitions in liquid gas are 1-2% EPS accretive
DCC has announced the expansion into four new European markets with the acquisition of liquid gas businesses in Poland, Hungary, the Czech Republic and Slovakia. This aligns with the...
Diploma plc
Q1 trading statement
Diploma has reported a trading statement for Q1 2026 to December 31st ahead of its AGM today reflecting continued strong momentum. Organic revenue growth in Q1 was 14%. Diploma...
DCC
Results of the Tender Offer
DCC has announced that its Tender Offer closed as scheduled at 13:00 on December 17th. 11.6m shares (around 12% of the share capital) were successfully tendered, and the strike price...
Diploma plc
Strong FY2025 results
Diploma’s FY2025 results (to September 30th) reflect strong organic top line growth, margin expansion and 21% EPS growth. The operating performance continues to be very impressive....
DCC
£600m tender offer details
DCC has announced the terms of its proposed £600m tender offer. The company will reduce its share count by up to 12.3% at a premium to the last closing price of up to 6%. The tender...
DCC
H1 results: FY guidance reiterated and material strategic progress
DCC has reported H1 results to September 30th that are in line with our expectations. The company has maintained its FY2026 outlook for good operating profit growth on a continuing...
DCC
Liquid gas acquisitions add 1-2% to FY2027 EPS
Yesterday (October 21st), DCC announced the acquisition of liquid gas businesses in Austria and the UK from UGI International. They represent strategic bolt-ons that are complementary...
DCC
Completion of Healthcare disposal; tender offer to commence in November
DCC has announced that it has completed the sale of its Healthcare division in calendar Q3. It has also announced that it intends to launch an associated £600m tender offer shortly...
Diploma plc
Upgrading forecasts and price target but moving to ‘Neutral’
Diploma’s operating performance continues to be excellent with strong top-line growth driving margin expansion. We upgrade our forecasts and now assume 19% EPS growth in FY2025. We...
