Page 6 - Polypipe Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A growing FTSE 250 stock with upside potential More on: FTSE 250 stock and plastic pipe manufacturer Polypipe Group(LSE:PLP) is on the acquisition trail. The £1.4bn company is snapping up businesses that complement its offerings and is strengthening its grip as a leading supplier. In its last annual report, the Polypipe Chair said 2019 market conditions had been tough (sales were down) but Polypipe was making progress and it planned to focus on growing M&A in 2020. Unfortunately, the pandemic struck and times were tough for a while. But it began steering a recovery and has continued to mak...

Industrial and construction businesses are seeing activity bounce back after the disruption of 2020, but there are structural factors supporting longer term growth too.

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  Polypipe announces the completion of the non-pre-emptive underwritten placing of new ordinary shares in the capital of the Company announced yesterday (the "Placing").   A total of 18,704,085 new ordinary shares ("Ordinary Shares") in the capital of the Company (the "Placing Shares") have been placed by Deutsche Bank AG, London Branch ("Deutsche Bank") and Numis Securities Limited ("Numis"), acting as joint bookrunners, raising gross proceeds of approximately £ 96.3 million . The Placing Shares have been issued at a price o...

Polypipe Group plc has bought Gloucester water treatment specialist Adey from its venture capital and private owners for £210 million. Adey claims UK