Advertisement
UK markets open in 5 hours 23 minutes

  • NIKKEI 225

    38,292.31
    +740.15 (+1.97%)
     

  • HANG SENG

    16,993.17
    +164.24 (+0.98%)
     

  • CRUDE OIL

    83.29
    -0.07 (-0.08%)
     

  • GOLD FUTURES

    2,334.80
    -7.30 (-0.31%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,579.75
    -213.23 (-0.40%)
     

  • CMC Crypto 200

    1,435.35
    +20.60 (+1.46%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

NMC Health jumps on acquisitions in the UAE

Sharecast

LONDON (ShareCast) - Healthcare provider NMC Health (LSE: NMC.L - news) has completed the acquisition of two sector peers based in the United Arab Emirates for a combined $100m (£65m). The London-listed UAE group said in a statement it has bought Americare Group, a provider of in-home healthcare in Abu Dhabi and Dr. Sunny Healthcare Group, which runs six medical centres and three pharmacies in the emirate of Sharjah.

Both businesses had a combined earnings before interest, tax, depreciation and amortisation (EBITDA) of $11.5m in 2014, NMC (Other OTC: NMCX - news) said.

Following the deal, analysts at Numis raised the target price on the stock for the second time in six weeks.

"Both acquisitions are interesting as they diversify NMC's revenues (one into a new service line and one expanding geographically) and both can provide referrals into its existing specialty hospitals," the brokerage said in a note.

NMC shares were up 4.22% to 692.00p at 10:40 on Wednesday.