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    DVO   GB0002670437


Delayed Quote. Delayed London Stock Exchange - 01/24 11:35:03 am
215.5 GBX   --.--%
2021DEVRO PLC : Ex-dividend day for interim dividend
2021London Shares Fall in Early Trade; CRH, Compass Rise
2021Devro plc Announces Directorate Changes
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

FTSE advances, led by gains in financial services

12/11/2017 | 12:38pm EST
Pedestrians leave and enter the London Stock Exchange in London

LONDON (Reuters) - A weaker pound, rising oil prices and growing confidence in the financial sector helped pushed British shares higher and well ahead of their European peers on Monday.

The blue-chip FTSE 100 climbed 0.7 percent, outperforming Paris and Frankfurt which retreated 0.2 percent and 0.3 percent respectively.

"GBP (sterling) has given up the gains made on Friday morning" after the announcement of a deal between the European Commission and Britain on Brexit divorce terms, Rabobank said in a note.

A lower pound generally supports the FTSE as the weaker currency translates into an accounting boost for large firms with overseas revenues.

Financials added the most points to the index as the Federal Reserve's widely expected rate hike on Wednesday and a deal last week on banking rules fuelled positive sentiment.

HSBC rose 2.2 percent and got an additional boost after the threat of further U.S. penalties for a drug cartel money laundering case was lifted.

Anglo-South African investment bank and asset manager Investec was up 3.5 percent after it said its credit exposure to troubled South African retailer Steinhoff represented only a small portion of its balance sheet.

Standard Chartered <STAN.L > rose 1.6 percent and Barclays added 1 percent.

Energy stocks also provided support as oil prices edged higher after a man with a homemade bomb strapped to his body set off an explosion at a New York commuter hub, injuring himself and three other people in what New York Mayor Bill de Blasio called an attempted terrorist attack..

Royal Dutch Shell added 1.3 percent and BP < BP.L> gained 1.1 percent.

Miners also rose with Rio Tinto up 2 percent, Glencore rising 1.7 percent and BHP Billiton adding 2.2 percent.

BAE Systems was flat after Qatar agreed to a $6.7 billion Typhoon combat jet deal.

Babcock, which provides maintenance and training services for the defence industry, saw its shares rise 2 percent after a reassuring update on the adoption of the latest financial reporting rules.

Unilever was stable, up 0.1 percent after reports of a possible new bid in a $7 billion auction for its spreads business.

Whitbread, the owner of Costa Coffee, was the worst performer, down 2.7 percent after its CEO said its different units were not yet ready to stand alone.

Outside blue-chips, telco TalkTalk fell 9.8 percent after Jefferies cut its target price for the stock, the latest downgrade after similar moves from Barclays and JP Morgan.

Inmarsat also fell sharply, down 8.4 percent after Goldman Sachs removed it from its pan-Europe "buy" list and downgraded the stock to "neutral".

(Reporting by Julien Ponthus; Editing by Keith Weir and Ken Ferris)

By Julien Ponthus and Helen Reid

ę Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
BP PLC -4.69% 363.85 Delayed Quote.10.17%
DEVRO PLC 0.00% 215.5 Delayed Quote.4.61%
DOW JONES AFRICA TITANS 50 INDEX -2.53% 539.67 Delayed Quote.3.18%
FTSE 100 -2.63% 7297.15 Delayed Quote.1.48%
HSBC HOLDINGS PLC -2.26% 492.5 Delayed Quote.9.70%
HUB CO., LTD. -3.19% 547 Delayed Quote.-17.18%
INVESTEC GROUP -3.34% 80.7 End-of-day quote.-7.82%
JUST GROUP PLC -6.40% 84.15 Delayed Quote.0.66%
LETS HOLDINGS GROUP CO., LTD. -1.41% 6.98 End-of-day quote.-4.38%
LLOYDS BANKING GROUP PLC -4.36% 49.435 Delayed Quote.3.08%
LOOK HOLDINGS INCORPORATED 1.34% 1210 Delayed Quote.-5.99%
MSCI UNITED KINGDOM (STRD) -3.16% 1162.573 Real-time Quote.2.21%
NEXT PLC -2.25% 7304 Delayed Quote.-10.90%
ONE STOP SYSTEMS, INC. -8.35% 3.95 Delayed Quote.-20.20%
S&P AFRICA 40 INDEX 0.03% 175.71 Delayed Quote.3.59%
S&P UNITED KINGDOM (PDS) -2.48% 1470.72 Delayed Quote.2.08%
SET -0.74% 1640.54 Real-time Quote.-1.03%
STANDARD CHARTERED PLC -4.81% 486.6 Delayed Quote.8.81%
THE GOLDMAN SACHS GROUP, INC. -0.15% 343.39 Delayed Quote.-10.10%
All news about DEVRO PLC
2021DEVRO PLC : Ex-dividend day for interim dividend
2021London Shares Fall in Early Trade; CRH, Compass Rise
2021Devro plc Announces Directorate Changes
2021DEVRO : ESG Seminar
2021DEVRO : Half Year 2021 Results
2021DEVRO : Half Year 2021 Results Presentation
2021Devro plc Reports Earnings Results for the Half Year Ended June 30, 2021
2021Devro plc Announces Interim Dividend, Payable on January 14, 2022
2021DEVRO PLC : Ex-dividend day for final dividend
2021Devro plc Reiterates Earnings Guidance for the Year 2021
More news
Analyst Recommendations on DEVRO PLC
More recommendations
Sales 2021 252 M 340 M 340 M
Net income 2021 29,3 M 39,4 M 39,4 M
Net Debt 2021 94,3 M 127 M 127 M
P/E ratio 2021 12,3x
Yield 2021 4,28%
Capitalization 360 M 484 M 485 M
EV / Sales 2021 1,80x
EV / Sales 2022 1,72x
Nbr of Employees 1 922
Free-Float 97,7%
Duration : Period :
Devro plc Technical Analysis Chart | MarketScreener
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Technical analysis trends DEVRO PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 5
Last Close Price 215,50 GBX
Average target price 233,75 GBX
Spread / Average Target 8,47%
EPS Revisions
Managers and Directors
Rutger A. Helbing Chief Executive Officer & Executive Director
Rohan Cummings Chief Financial Officer & Executive Director
Stephen Paul Good Non-Executive Chairman
Malcolm Stuart Swift Independent Non-Executive Director
Veronica Lesley Jackson Senior Independent Non-Executive Director
Sector and Competitors