DCC shares rise despite 'very difficult' year in technology division

DCC remains on the acquisition trail as it reported annual profits growth despite facing down a slew of challenges, including “a very difficult” year in its UK technology division, a mild winter, and the low crude oil price that slowed volumes at its energy division sales.

Shares in the London-listed firm rose over 4% at one stage yesterday to trade close to a new high of £63.80.

That means the shares have climbed by almost 50% from a year ago, valuing the fuels, healthcare, and technology mini-conglomerate at almost £5.68bn (€7.21bn).