Hints and tips:
...Unsurprisingly, the shares, at less than 14 times forward earnings, trade at a large discount to Coloplast on 34 times. Would a deal make sense for EQT?...
...Group 2019 revenue comes in at £260.5m, instead of the £266m to £268m guidance range. UK’s negative, with sales minus 1 per cent rather than the plus 2 per cent it previously guided....
...● In brief: Azrieli cut to “neutral” at UBS; Elis raised to “buy” at Deutsche Bank; Kloeckner raised to “hold” at Kepler Cheuvreux; MJ Gleeson raised to “hold” at Peel Hunt; Coloplast cut to “hold” at...
...equal-weight” at Barclays; Aurubis cut to “sell” at Goldman Sachs; Brinova Fastigheter raised to “hold” at Kepler Cheuvreux; Centamin raised to “buy” at Goldman Sachs; Chesnara rated new “reduce” at Peel Hunt; Coloplast...
...Those products should leave the UK-based group well placed to exploit forecast sector growth of about 4 per cent a year. Not just yet. Much of ConvaTec’s pain is self-inflicted....
...● Stobart Group was the FTSE 250’s biggest gainer after the operator of Southend Airport agreed to rescue Flybe, its main customer....
...● In brief: Air Liquide, Akzo Nobel, Johnson Matthey and BASF all rated as “outperform” at Bernstein, Linde and Umicore rated “underperform”; Bayer upgraded to “buy” at Kepler Cheuvreux; Coloplast downgraded...
...“It is only a matter of time before ConvaTec responds by matching Coloplast head for head,” UBS told clients....
...Private equity group 3i rose 2.1 per cent to 951.4p after boosting the valuation of Action, the Benelux retailer that is its biggest investment, by 15 per cent to £2.3bn....
...We are comfortable with our forecasts and expect the negativity towards the group to unwind....
...Coloplast improved margins by simplifying its business structure and consolidating sites, he says. But “These processes are . . . notorious for causing disruption in the near-term.”...
...Back then, ConvaTec was priced in relation to Coloplast, a Danish rival with superior earnings, and Smith & Nephew, a homelier UK rival....
...ConvaTec had been aiming boost margins by 3 percentage points by 2020, in an effort to catch up with more efficient rivals such as Danish group Coloplast....
...Henderson Group is merging with Janus Capital, which takes its name from the dual-countenanced Roman god of gateways....
...The shares were sold at 225p each, a hefty discount to rival Coloplast....
...At one focus group, she recalls visiting a toilet cubicle with a woman who wanted to demonstrate the difficulty of inserting her existing catheter....
...This year, according to projections by Battelle, the US science and technology development group, the world will spend about $1.6tn on research and development in a range of engineering-related disciplines...
...In Denmark medical supplies specialist Coloplast jumped after it announced plans to pay a special dividend....
...Elsewhere, Copenhagen-listed medical supplies company Coloplast soared 10.4 per cent to DKr742 after reporting better than expected fourth-quarter results....
...France’s Alstom slid after the engineering group said its operating margin looked set to decline over the next two years....
...Coloplast said it would launch a share buy-back programme in February....
...Coloplast , a Danish specialist in medical devices, rose 1.3 per cent to DKr489.30. Shares in Lanxess , a leading speciality chemicals producer, fell 5.1 per cent to €28.09 as investors took profits....
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