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Emo Oil owner DCC's shares get 2% trading update boost


Expectations: Donal Murphy

Expectations: Donal Murphy

Expectations: Donal Murphy

Shares in diversified business group DCC, which owns Emo Oil in Northern Ireland, were trading up over 2% yesterday on the back of a trading update.

The company, which is led by Donal Murphy, expects to report operating profit "in line with expectations" in respect of its third quarter.

This is despite a "difficult macroeconomic environment, particularly in the UK".

DCC's tech business in the UK was impacted by the general weakness in the British technology market.

The remainder of the technology division recorded good growth, the group said in an update that contained limited financial information.

Elsewhere, its LPG business continued to perform "strongly" and delivered good organic profit growth. It also benefited from the contribution of Pacific Coast Energy, acquired earlier in the financial year.

Meanwhile, healthcare services group Uniphar also received a small boost to its shares, which were up just over 1%, after it said it performed "in line with expectations" last year.

Uniphar achieved gross profit organic growth of 7%.

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