Feeds

DCC issues IT distie profit warning

Price deflation and difficult trading

Build a business case: developing custom apps

Shares in Irish business services group DCC fell sharply yesterday following a profits warning from the company.

IT made up 21 per cent of the firm's operating profits last year and news that the division was struggling knocked ten per cent off DCC shares. The company said poor trading got worse in July and August.

Gem Distribution, its UK business which distributes games and retail software, has been hit hard by the decline in retail consumer spending. The games market is expected to pick up with the arrival of Microsoft's Xbox 360 later this year but this is unlikely to have an impact on trading.

DCC's UK and continental distribution businesses Micro Peripherals and Distrilogie have also been hit by price deflation and difficult trading.

DCC warned that group profits, and earnings per share, for the six months are likely to be down by as much as ten per cent. The company's energy, food and business services divisions are all performing well.

Read the whole statement here. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.