DS Smith tumbles as Mondi abandons pursuit
19th Apr 2024 12:08
(Sharecast News) - DS Smith tanked on Friday after Mondi said it would not be making an offer for the rival packaging group, clearing the path for a takeover by International Paper.
Read moreInternational Paper to seek secondary London listing if DS Smith deal goes ahead
4th Apr 2024 13:33
(Sharecast News) - International Paper said on Thursday that it had made "significant progress" in reciprocal due diligence with regards to a potential takeover offer for UK-based DS Smith, and that it could seek a secondary listing in London if a deal goes ahead.
Read moreDS Smith extends Mondi offer deadline by two weeks
4th Apr 2024 07:52
(Sharecast News) - DS Smith, the packaging group at the centre of a a bidding war between UK-listed Mondi and US firm International Paper, has extended the so-called 'put up or shut up' deadline for the former to make a firm offer.
Read moreInternational Paper preparing counterbid for DS Smith - report
26th Mar 2024 17:26
(Sharecast News) - A bidding war was potentially on the cards on Tuesday as packaging company DS Smith - which recently agreed to be taken over by Mondi - confirmed it is in talks with New York-listed International Paper about a possible takeover offer.
Read moreLondon close: Stocks finish mixed after Reckitt compo blow
15th Mar 2024 15:07
(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.
Read moreJefferies upgrades Mondi after YTD underperformance
15th Mar 2024 08:03
(Sharecast News) - Jefferies upgraded its rating on packaging firm Mondi on Friday following year-to-date underperformance.
Read moreLondon close: Stocks mixed as US payrolls paint varied picture
8th Mar 2024 15:02
(Sharecast News) - London markets ended the trading session on a mixed note on Friday, as investors digested a faster-than-expected rise in non-farm payrolls in the US.
Read moreMondi to buy DS Smith in £5.1bn deal
8th Mar 2024 07:53
(Sharecast News) - Packaging firm Mondi has agreed to buy smaller rival DS Smith for £5.1bn.
Read moreLondon close: Stocks rise amid raft of solid earnings
22nd Feb 2024 16:26
(Sharecast News) - London's stock markets finished in positive territory on Thursday, bolstered by upbeat performances from US AI chipmaker Nvidia and engine manufacturer Rolls-Royce.
Read moreMondi profits fall on weaker demand, prices
22nd Feb 2024 07:36
(Sharecast News) - Paper and packaging giant Mondi reported lower full-year profits on the back of weaker demand and lower prices, with the latter continuing into the first quarter of 2024.
Read moreDS Smith receives takeover approach from Mondi, shares surge
8th Feb 2024 10:33
(Sharecast News) - Packaging company DS Smith surged on Thursday after confirming it has received "a highly preliminary expression of interest" from rival Mondi.
Read moreLondon close: Stocks finish red after US payrolls beat
5th Jan 2024 17:38
(Sharecast News) - London stocks ended the trading day in negative territory on Friday as investors considered the latest UK construction data and a fresh non-farm payrolls report out of the US.
Read moreLondon close: Stocks weaker after busy week for rate decisions
15th Dec 2023 14:48
(Sharecast News) - London's stock markets ended the week on a subdued note on Friday as investors digested recent central bank policy updates.
Read moreMondi to return proceeds from sale of Russian assets via special dividend
7th Dec 2023 12:34
(Sharecast News) - Mondi said on Thursday that it had received the final payments from the sale of its Russian assets and that net proceeds of around €775m would be distributed to shareholders in the form of a special dividend with an associated share consolidation.
Read moreLondon close: Stocks end choppy session mixed
25th Oct 2023 15:11
(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors weighed a number of factors.
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