Markets

Markets wrap: DCC deal lifts shares as ISEQ climbs ahead of US inflation report

DCC has purchase Germany’s Progas.

The local stock exchange, the Iseq All-Share, rose 50 points or 0.62 per cent to trade at 8,128 at lunchtime.

DCC, the Dublin-based international multi-sector group, rose 8.6 per cent on Tuesday after it announced its biggest acquisition in Germany as the Iseq climbed 50 points ahead of US inflation figures.

A set of interim results from DCC showed adjusting operating profits were up 12 per cent year on year and an interim dividend of 63.04p per share and a deal with Germany’s Progas cheered markets, with the London-listed company trading at £50.68 (€58.09) by ...