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Diploma upgrades guidance following strong H1 performance | 17 May 2021

17 May 2021 | 07:22am StockMarketWire.com - Technical products and services provider Diploma upgraded its outlook on annual performance following a strong first half that continued into the second half of the year amid a boost from acquisitions. We expect reported revenues to be slightly better than 40% ahead of FY2020, with an increase in the margin towards 19%, the company said. This reflects the strong H1, continued excellent performance from acquisitions, WCW in particular, and improving u...
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FTSE sharply lower as UK eases restrictions | 17 May 2021

17 May 2021 | 12:01pm StockMarketWire.com - Weakness in the mining and banking sectors and strength in sterling as the UK took the next step in its reopening helped put the FTSE 100 under pressure on Monday. By midday the index was down 0.7% at 6,994.01. Technical products and services provider Diploma rallied 7.3% to £29.50, having upgraded its annual outlook thanks to a boost from acquisitions, particularly WCW, and improved underlying trading. Diplomas annual revenue was now expected to b...
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FTSE recovers from its lows despite weak US open | 17 May 2021

17 May 2021 | 16:39pm StockMarketWire.com - On an up and down (and up) day the FTSE 100 ended up erasing earlier losses to trade only slightly lower at 7,032.85. The move, which came as most of the UK eased coronavirus restrictions, came despite a weak start on Wall Street with the S&P 500 down 0.5% to 4,151.47 by 4.30pm UK time. Technical products and services provider Diploma rallied 6.8% to £29.38, having upgraded its annual outlook thanks to a boost from acquisitions, particularly WCW, a...
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FTSE edges lower as UK lockdown persists | 20 January 2021

20 January 2021 | 08:45am StockMarketWire.com - UK stocks edged lower in early trading on Wednesday as a soaring Covid-19 casehold stokes concerns that Britains third nationwide lockdown wont be ending any time soon, tempering US stimulus hopes. At 0825, the benchmark FTSE 100 index was down 5.22 points, or less than 0.1%, at 6,707.73. Home secretary Priti Patel warned the national lockdown has a long way to go before being lifted, in an interview with Sky News. In a busy morning for the mining...
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FTSE 100 flat at midday ahead of Biden inauguration | 20 January 2021

20 January 2021 | 12:07pm StockMarketWire.com - All eyes were on Washington as president-elect Joe Biden prepared for his inauguration later on Wednesday. However the FTSE 100 struggled to muster any enthusiasm trading a smidge lower at 6,711.13 by midday. US futures suggested a more bullish feel to trading on Wall Street amid excitement over a potential spending spree from the incoming administration. In a busy morning for the mining sector, BHP firmed 2.4% to £21.63 after it reported a 3% r...
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Diploma revenue up 24% on strong contribution from Windy City Wire | 20 January 2021

20 January 2021 | 07:18am StockMarketWire.com - Specialised products and services supplier Diploma said revenue increased by 24% in the first quarter, driven by an excellent contribution from Windy City Wire. For the three months ended 30 September 2021, the life sciences, seals, and controls divisions saw revenue growth of 10%, 0%, and 71% respectively. The first quarter had been active with £48.8 million invested in three acquisitions; Denmark-based Simonsen & Weel, FITT Resources in Ea...
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