Mondi and Walki terminate agreement on EC competition concerns
15th Dec 2015 12:03
(ShareCast News) - Paper and packaging company Mondi has terminated its agreement to buy two of Walki Group's extrusion coatings plants in Finland and Poland due to European Commission competition concerns. Mondi said the two companies, which announced the agreement in May, have been in discussions
Read moreFTSE 100 movers: Anglo American and Miners send market down
8th Dec 2015 13:31
(ShareCast News) - The FTSE 100 continued its slide, with the blue-chip market down 72.15 points (1.16%) to 6,151.37 by mid-afternoon Tuesday. Driving the market down was Anglo American after it said it will suspend its dividend to investors this year and the next as it announced a "radical" portfol
Read moreMondi gobbles Korean pet food pouch maker
2nd Nov 2015 09:28
(ShareCast News) - Paper and packaging company Mondi has signed an agreement to acquire a 95% stake in South Korean flexible packaging company KSP for an undisclosed sum. Seoul-based KSP, which specialises in the production of high-quality spouted and retort stand-up pouches for the food, pet food a
Read moreMondi disposes of German containerboard mill for EUR25m
29th Oct 2015 09:25
(ShareCast News) - Mondi has agreed to sell its recycled containerboard mill and related recycling operations in Raubling, Germany, to the Heinzel Group for an enterprise value of €25m on a debt and cash free basis. The paper and packaging company said the deal, which remains subject to competition
Read moreFriday newspaper share tips: Looking inside Mondi's packaging
9th Oct 2015 11:49
(ShareCast News) - After Mondi released its third quarter results on Thursday, the newspaper pundits have opened the packaging and had a look inside to offer their insight. Yesterday The Telegraph's Questor noted that shares in the FTSE 100 packaging and paper giant have drifted down since August af
Read moreMondi third quarter operating profit up 27%
8th Oct 2015 07:15
(ShareCast News) - Paper and packaging company Mondi posted a 27% rise in underlying third quarter profit following a good performance from all its business units. Underlying profit increased to €221m from €174m a year earlier and the company noted strong incremental contributions from Packaging Pap
Read moreMondi buys German fabrics company for €54m
18th Sep 2015 10:42
(ShareCast News) - Packaging and paper group Mondi has agreed to acquire Ascania non-woven Germany from private equity group Schloss Neugattersleben for €54m on a debt-and-cash-free basis. Ascania, which produces non-woven fabrics and non-woven composites used as components in personal care products
Read moreBroker tips: Mondi, Lonmin, Reckitt Benckiser
16th Sep 2015 17:04
(ShareCast News) - Mondi, the paper and packaging group, has been downgraded to 'sell' by Goldman Sachs after a strong run in the shares and "stretched" growth expectations. Goldman said it saw 12% downside to shares in the FTSE 100 group, which was spun-off from miner Anglo American in July 2007, a
Read moreMondi downgraded to 'sell' by Goldman Sachs
16th Sep 2015 15:21
(ShareCast News) - Mondi, the paper and packaging group, has been downgraded to 'sell' by Goldman Sachs after a strong run in the shares and "stretched" growth expectations. Goldman said it saw 12% downside to shares in the FTSE 100 group, which was spun-off from miner Anglo American in July 2007, a
Read moreFTSE 100 movers: SABMiller cheers market
16th Sep 2015 13:53
(ShareCast News) - The FTSE 100 was up 1.2% with the index of leading shares up 75.8 points to 6,212. The main riser was SABMiller, which surged 21% on after it responded to recent press speculation by confirming that Anheuser-Busch InBev has informed the company that it intends to make an offer. R
Read moreMondi profits up 30% off sales lift
6th Aug 2015 07:42
(ShareCast News) - Packaging firm Mondi reported first half profits up 30% to €490m, following a boost in sales. The dual-listed company said underlying earnings per share were up 31% compared with the same half last year to 67.8 euro cents, in line with the underlying profit lift. Group revenue wa
Read moreMondi's paper profits on a tear
28th Jul 2015 08:01
(ShareCast News) - First-half profits from Mondi will be well ahead of those from last year, the paper and packaging maker said in a short trading statement. Headline EPS will be up around 18-28% to €0.57-€0.62, with basic underlying earnings per share up roughly 25-35% to €0.65-€0.70. The FTSE 100
Read moreThursday tips round-up: Mondi, SAB Miller
14th May 2015 14:35
Specially corrugated cardboard is the place to be in the paper sector, thanks to the sheer scale of demand from the likes of online retailers such as Amazon.com. Shares of Mondi, which derives about 70% of its sales from packaging, leapt 10% after its latest results. First quarter operating profits
Read moreLondon close: Stocks rise but weak US data dampens gains
13th May 2015 16:34
UK stocks rose on Wednesday but upside was only modest after data showed that American retail sales growth slowed to a standstill last month. The FTSE 100 finished 0.23% higher at 6,949.63, but settled firmly below the intraday high of 6,989.91. Shares extended gains in morning trade after the Bank
Read moreFTSE 100 movers: Mondi surges on strong profits, Admiral hit by CEO resignation
13th May 2015 13:15
UK stocks rebounded on Wednesday, driven by the Bank of England pushing back rate-hike predictions and a dip in unemployment. Sector-wise, property stocks extended gains, while miners and supermarkets dipped. As of 02:10, the FTSE 100 was trading 9 points, or 0.28% higher at 6,954, with Mondi toppin
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