Uniphar
Banks and Ryanair power Iseq 20 to biggest surge since Irish bailout exit
AIB, Bank of Ireland and Ryanair account for almost 28 per cent of the benchmark index
Shares muted as investors digest US jobs data
European defence stocks dip amid hopes for Ukraine peace deal
Falling tech stocks drag global shares lower
Broadcom drops after sales outlook falls short of lofty expectations
European shares fall as concerns over tech giants’ valuations continue
Permanent TSB continues to gain amid sale plans
Uniphar to unite US businesses under its own branding
Healthcare services group makes senior appointments as it ramps up US expansion
Global markets climb as results season reaches full steam
Food giant Kerry Group saw ‘some buy activity’ in Dublin as it finished the day up 0.8%
Pharmacy services firm NaviCorp bought out former chairman for €12.6m after dispute
NaviCorp denied Simon Healy’s claims when the case came before the High Court in October 2023
Stocks extend September rally despite fears of US government shutdown
Potentially turbulent week lies ahead with slew of central bankers to speak
European shares near one-month low amid economic concerns
US indices track down after legal defeat for Trump tariffs while bond yields rose in UK, Germany and France
Uniphar revenue rises as group on track for earnings growth
Company recorded revenue of €1.45 billion for the six months to the end of June
European shares recover although Swiss stocks take a hit on US tariff news
Investors adopt wait-and-see approach on Trump tariffs
Uniphar ‘needs up to €150m of deals’ to hit growth target
Analysts at broker Deutsche Numis cut rating on Uniphar to hold from buy
Uniphar agrees to undertakings pending injunction hearing over alleged breach of agreement
Dublin-based Thera seeks orders preventing Uniphar from blocking its trading account
Uniphar defends itself against High Court action by Thera
Hickey's and Life operator is being sued in the High Court over alleged abuse of its market position
Tariff relief hopes boost recovery in global stocks
Iseq index up 2.3% as banks move higher, fuelled by positive updates from a trio of US lenders
Muted day on Irish markets following ECB interest rate cut
More cuts on the way while Bundesbank warns region’s largest economy will barely grow next year
A-rated industrial facility in southwest Dublin likely to appeal to occupiers
Shortage of quality stock is likely to spur interest in unit at Greeogue Business Park following refurbishment by Kennedy Wilson
Choppy trading in world stocks ahead of central bank moves
Standout performer in Dublin was healthcare services group Uniphar, which finished up 6.8% after positive trading update
‘Good start’ to 2024 positions Uniphar for growth across divisions, says chairman
Healthcare services group reported a 27.1% jump in gross profits last year, driven by acquisitions
Higher interest rates drag on profits at Uniphar despite growth
Healthcare group traded ‘strongly’ in first half, meeting medium-term growth target
European shares recover from six-week low as investors’ eyes turn to crucial US Fed meeting
Meanwhile, as China’s central bank surprised analysists and delivered a smaller than expected cut to lending rates, Asian stocks tumbled, and these policy signals from China also weighed on sentiment in other global markets.
Pay rises totalling 9.5% recommended for workers at Uniphar
Labour Court suggests workers should receive a 5% rise this year with further increases until 2025
Uniphar racks up organic profit growth of 5% in first half
Outperformance of supply chain and retail division helps drive performance
Uniphar’s combined executive pay packets top €2.2m
Details on remuneration are set out in the group’s annual report for 2022
Uniphar and Navicorp filed three sets of remedies to CCPC before deal blocked
Uniphar were allowed to add to its chain of pharmacies with the purchase of the Sam McCauley network of 37 outlets in months leading up to proposed deal
Uniphar records strong performance as it hits the acquisitions trail
Company is predicting further profit growth for 2023, with purchase of McCauley pharmacy chain approved
Uniphar’s organic growth drives profit for 2022 as net debt drops
Healthcare services group set to acquire McCauley Pharmacy Group after competition authorities’ clearance
Irish stock exchange ‘optimistic’ on 2023 IPOs
Only three companies have floated in Dublin in the past four years
Uniphar gets green light for €50m McCauleys pharmacies deal
Listed group agrees to sell three specific outlets to meet competition concerns of regulator
Fewer deals notified to competition watchdog as pandemic M&A boom wanes
But ‘increasingly complex’ nature of proposals leads to jump in extensive investigations, says CCPC
Kingspan and Uniphar lead Iseq 20 losers in 2022 as equities plummet globally
Index has fallen by more than 17% as concerns over inflation, Ukraine, interest rates and recession hit home
Uniphar says deal ‘will not proceed’ after competition watchdog blocks purchase
Deal is the first that Irish competition officials have decided to block since 2008
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