Edition:
United Kingdom

Dairy Crest Group PLC (DCG.L)

DCG.L on London Stock Exchange

625.00GBp
25 Mar 2019
Change (% chg)

-1.00 (-0.16%)
Prev Close
626.00
Open
642.50
Day's High
642.50
Day's Low
625.00
Volume
602,890
Avg. Vol
776,294
52-wk High
648.00
52-wk Low
405.20

Latest Key Developments (Source: Significant Developments)

Saputo To Acquire Dairy Crest Group For About $1.27 Bln
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Saputo Inc :SAPUTO INC. DAIRY CREST GROUP - RECOMMENDED CASH ACQUISITION OF DAIRY CREST PLC.SAPUTO INC - UNDER TERMS OF ACQUISITION, EACH SCHEME SHAREHOLDER WILL RECEIVE 620 PENCE IN CASH FOR EACH DAIRY CREST SHARE.SAPUTO INC - VALUING DAIRY CREST'S EXISTING ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL AT APPROXIMATELY £975 MILLION.SAPUTO INC - DEAL VALUES DAIRY CREST'S EXISTING ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL AT APPROXIMATELY £975 MILLION.SAPUTO INC - SAPUTO HAS RECEIVED IRREVOCABLE UNDERTAKINGS TO VOTE, OR PROCURE VOTE, IN FAVOUR OF SCHEME AT COURT MEETING.SAPUTO - DAIRY CREST DIRECTORS INTEND UNANIMOUSLY TO RECOMMEND SHAREHOLDERS TO VOTE OR PROCURE VOTE IN FAVOUR OF SCHEME AT COURT MEETING, RESOLUTION.SAPUTO INC - DAIRY CREST'S BOARD IS UNANIMOUSLY RECOMMENDING ALL-CASH OFFER BY SAPUTO.SAPUTO INC - COMBINED GROUP'S HEADQUARTERS WILL BE LOCATED AT SAPUTO INC.'S HEAD OFFICE IN MONTRÉAL.SAPUTO INC - SAPUTO INTENDS THAT MANAGEMENT OF UK OPERATIONS WILL CONTINUE TO BE BASED IN SURREY, ENGLAND.SAPUTO INC - SAPUTO EXPECTS EXISTING NON-EXECUTIVE DAIRY CREST DIRECTORS WILL RESIGN FROM OFFICE AS DIRECTORS OF DAIRY CREST WITH EFFECT FROM DATE.SAPUTO INC - GIVEN THAT SAPUTO DOES NOT HAVE A PRESENCE IN UK, SAPUTO FORESEES ONLY LIMITED "RATIONALISATION" OF EMPLOYEE ROLES FOLLOWING ACQUISITION.SAPUTO INC - DOES NOT INTEND TO MAKE ANY MATERIAL CHANGE IN CONDITIONS OF EMPLOYMENT OF EMPLOYEES AND MANAGEMENT OF DAIRY CREST GROUP.  Full Article

Dairy Crest Group PLC Says FY Results In Line With Expectations
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Dairy Crest Group PLC ::DAIRY CREST GROUP PLC - FULL YEAR IN LINE WITH EXPECTATIONS.DAIRY CREST GROUP PLC - COMPANY'S KEY BRANDS ALL DELIVERED STRONG VOLUME AND REVENUE GROWTH FOR Q3 ENDED 31 DECEMBER 2018.DAIRY CREST GROUP - ON A COMBINED BASIS, FOUR BRANDS GENERATED REVENUE GROWTH OF AROUND 10% FOR Q3 AND 6% FOR NINE MONTHS ENDED 31 DECEMBER 2018.DAIRY CREST GROUP PLC - IN LINE WITH OUR EXPECTATIONS AT TIME OF INTERIM RESULTS, CATHEDRAL CITY HAD A PARTICULARLY GOOD Q3.DAIRY CREST GROUP PLC - FRYLIGHT RETURNED TO DOUBLE DIGIT VOLUME AND REVENUE GROWTH IN Q3.DAIRY CREST GROUP PLC - "THERE IS SIGNIFICANT UNCERTAINTY AROUND BREXIT AND IMPACT OF A POTENTIALLY DISORDERLY EXIT IS HARD TO PREDICT".  Full Article

Dairy Crest Says HY Adjusted Pretax Profit Up 13 Pct To 22.7 Mln Pounds
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Dairy Crest Group PLC ::H1 REVENUE ROSE 2 PERCENT TO 224.9 MILLION STG.HY ADJUSTED PROFIT BEFORE TAX UP 13% TO £22.7 MLN; REPORTED PROFIT BEFORE TAX OF £17.8M.PROPOSED INTERIM DIVIDEND UP 2% TO 6.4 PENCE.FULL YEAR EXPECTATIONS REMAIN UNCHANGED.SAYS CO CONFIDENT IN DELIVERING EXPECTATIONS FOR FULL YEAR.HY NET DEBT REDUCED TO £221.4 MLN FOLLOWING MAY 2018 SHARE PLACING; 21% LOWER THAN SEPTEMBER 2017.  Full Article

Dairy Crest Group FY Revenue Rose 10 Percent To 456.8 Million Stg
Wednesday, 23 May 2018 

May 23 (Reuters) - Dairy Crest Group PLC ::FY PRETAX PROFIT ROSE 345 PERCENT TO 179.2 MILLION STG.FINAL DIVIDEND 16.3 PENCEPER SHARE.FY REVENUE ROSE 10 PERCENT TO 456.8 MILLION STG.FY REVENUE AT 456.8 MILLION STG VERSUS 416.6 MILLION STG YEAR AGO.FY PROFIT BEFORE TAX AT 179.2 MILLION STG VERSUS 40.3 MILLION STG YEAR AGO.FY ADJUSTED PROFIT BEFORE TAX RISES 3% TO 62.3 MILLION STG.FY NET DEBT AT 265.7 MILLION STG.FY FUNCTIONAL INGREDIENTS REVENUE INCREASED BY 51% OVER YEAR.DAIRY CREST GROUP - DEMAND FOR DAIRY PRODUCTS REMAINS STRONG IN CHINA, WITH OVERALL DAIRY IMPORTS INTO COUNTRY INCREASING BY 20% FOR 12 MONTHS TO JAN."HAVE SEEN GOOD MOMENTUM IN REVENUE GROWTH GOING INTO NEW FINANCIAL YEAR".  Full Article

Dairy Crest Group ‍HY revenue up 16 pct to 220.1 mln stg​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Dairy Crest Group Plc :H1 revenue from continuing operations rose 16 percent to 220.1 million stg.Interim dividend up 2 percent to 6.3 penceper share.‍HY revenue up 16 pct to £220.1m​.‍HY profit before tax £151.4m versus. £15.6m​.‍HY net debt £281.4m versus. £262.3m​.HY ‍interim dividend 6.3p versus. 6.2p​.Dairy Crest Group Plc - ‍"expect to accelerate sales of demineralised whey and gos in second half of this year​".Dairy Crest Group Plc - ‍"expect butter input costs to continue to be challenging for remainder of year​".  Full Article

Dairy Crest sees HY profit to be ahead of same period last year
Monday, 18 Sep 2017 

Sept 18 (Reuters) - Dairy Crest Group Plc ::IN FIRST HALF OF FINANCIAL YEAR WE EXPECT THAT COMBINED VOLUMES OF OUR FOUR KEY BRANDS - CATHEDRAL CITY, CLOVER, COUNTRY LIFE AND FRYLIGHT - WILL BE AHEAD OF LAST YEAR.FOR THE HALF YEAR, EXPECT COMBINED VALUE GROWTH OF THESE BRANDS IS EXPECTED TO BE HIGHER THAN VOLUME GROWTH.FOR HY, CATHEDRAL CITY IS EXPECTED TO DELIVER DOUBLE-DIGIT VOLUME GROWTH IN FIRST HALF."WE EXPECT PROFIT FOR HALF YEAR TO BE AHEAD OF SAME PERIOD LAST YEAR"."EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED".  Full Article

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Miners lift FTSE 100; Dairy Crest, Provident gain on M&A

Strength in miners on growing optimism over global trade talks helped FTSE 100 inch higher and bid news lifted Dairy Crest and Provident Financial among mid-caps on Friday, while online trading platforms slumped after CMC's surprise revenue alert.