British chemicals firm Croda stockpiling, reviewing ports ahead of Brexit [Reuters]
CRODA INTL UNSP/ADR (COIHY)
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Source: Reuters
British chemicals firm Croda stockpiling, reviewing ports ahead of Brexit Feb 26 (Reuters) - Speciality chemicals maker Croda International Plc said on Tuesday it had made changes to its trading model in Europe and was stockpiling goods in continental Europe as it prepares for Britain’s impending exit from the European Union. The company — which counts Unilever Plc, Procter & Gamble Co, L’Oreal SA as customers — also reported pretax profit for the full year that missed estimates. Croda’s shares were down 3.8 percent to 4,870 pence at 0817 GMT and were among the top losers on the UK bluechip index . The company — which logs 96 percent of sales and 80 percent of production outside the UK — said it was reviewing which ports could be used for moving its products and has full EU recognition for the imports and exports. Croda also said it was re-registering UK products sold in the EU to ensure compliance, mainly with the EU’s Reach programme, which requires companies to register the substan
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News
- Croda International Plc's (LON:CRDA) Intrinsic Value Is Potentially 31% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- With 77% ownership, Croda International Plc (LON:CRDA) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- How Shifting Analyst Views Are Rewriting the Story for Croda International [Yahoo! Finance]Yahoo! Finance
- Croda International (OTCMKTS:COIHY) was downgraded by analysts at Jefferies Financial Group Inc. from a "strong-buy" rating to a "hold" rating.MarketBeat