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BUZZ-DCC: boosted by tech deals, outlook

Reuters - UK Focus

** Support services company DCC +3 pct, second top riser on FTSE 100

** Co buys two tech firms in the U.S. and UK for a combined initial enterprise value of c.110 mln stg.

** Co also says Q1 operating profit for the first quarter in line with expectations and well ahead of prior year. Sees (Shanghai: 600481.SS - news) year ending March 2019 as another year of profit growth and development

** DCC (Frankfurt: DCC.F - news) expects the deals to generate a return on capital employed of c.15 pct in the first full year of ownership

** "We like DCC's track record of high return, compounding growth, principally from M&A. We think this will continue given the global acquisition potential," Berenberg analysts say (Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net)