Mondi receives upgraded credit rating
30th Oct 2014 16:07
International packaging and paper group Mondi has announced that the recent upgrade of the company's credit rating. Moody's Investors Service upgraded Mondi's credit rating on Thursday from Baa3 to Baa2. Mondi's chief financial officer, Andrew King, said: "We welcome Moody's upgrade of our credit r
Read moreFriday tips round-up: Diageo, Mondi
17th Oct 2014 23:56
Ex-Diageo chief Paul Walsh timed his exit in July of 2013 near perfectly. Since then emerging markets went into reverse with the depreciation in local currencies bringing great pressure to bear on consumers in those countries. For Diageo what matters is the fact that it makes it wares more expensive
Read moreLondon midday: FTSE 100 drops another 1.8% as sell-off resumes
16th Oct 2014 11:39
In spite of an initial 'dead cat bounce' in early deals, London's FTSE 100 tanked again on Thursday morning with the index sinking to levels not seen since June 2013 The UK benchmark index was down 1.8% at 6,099 by lunchtime, having earlier touched a high of 6,282.95, with banking shares sinking sha
Read moreLondon pre-open: Small bounce expected on FTSE ahead of further data
16th Oct 2014 07:45
London-listed stocks are expected to make a modest recovery following sharp losses in Wednesday's session. City sources predict the FTSE 100 will open around 35 points higher than the previous close of 6,211.64. Thursday is set to be another busy day, with investors looking ahead to the weekly jobl
Read moreMaintenance shuts at Mondi weigh on Q3 profits
16th Oct 2014 07:03
Paper and packaging group Mondi said it traded in line with expectations in the third quarter, though underlying sales were flat on last year and profits were held back by planned maintenance shutdowns. Underlying operating profit in the three months to 30 September totalled €174m, down 10% on the p
Read moreBroker tips: ITV, Wood Group, Paper and packaging stocks
10th Oct 2014 13:02
UBS has upped its target price for broadcaster ITV from 210p to 230p and repeated its 'buy' recommendation, highlighting catalysts for the stock in the near term. Retransmission fees, M&A and a "compelling valuation" were cited as reasons behind the UBS' positive investment case on ITV. Specifically
Read moreMondi and Smurfit Kappa are top buys in packaging, says Jefferies
10th Oct 2014 11:58
Higher prices and favourable exchange rates may lead to higher 2015 forecasts for European paper and packaging makers, according to broker Jefferies International. Positive container-board pricing momentum and a stronger dollar versus the euro may prompt brokers to upgrade their profit predict
Read moreLondon close: Ebola and economic woes hit stocks
7th Oct 2014 16:22
London shares were on their sickbed on Tuesday as investors fretted about the Ebola virus and disappointing economic data, although takeover activity buoyed miners. The FTSE 100 Index closed 68.07 points adrift at 6495.58 as a fresh case of Ebola in Spain hit shares in airlines and travel compani
Read moreFTSE 100 movers: CRH continues to fall after interim results
20th Aug 2014 15:59
One of Wednesday's biggest fallers was building materials group CRH, which has seen shares fall since delivering its interim results on Tuesday morning. The company said the sector had had an "encouraging" start to the year, but that it had been trading against a backdrop of "modest, if mixed recove
Read moreLondon midday: UK stocks retreat on rate-hike uncertainty
20th Aug 2014 12:00
- MPC split on rate decision for first time since 2011 - FOMC minutes due out after the close - Ex-dividend stocks, Balfour Beatty weigh on market - Beverage shares hit by Carlsberg results techMARK 2,798.96 -0.07% FTSE 100 6,752.88 -0.39% FTSE 250 15,794.83 -0.63% UK equities retreated from a thr
Read moreLondon open: Stocks snap five-day win streak ahead of central bank minutes
20th Aug 2014 09:00
- MPC, FOMC minutes in focus - FTSE 100 pulls back from three-week high - Balfour drops after rejecting Carillion bid - Glencore announces $1bn buyback techMARK 2,802.00 +0.04% FTSE 100 6,769.90 -0.14% FTSE 250 15,859.07 -0.23% UK stocks snapped a five-day winning streak on Wednesday ahead of the
Read moreFriday broker round-up UPDATE
8th Aug 2014 10:19
African Minerals: Canaccord Genuity cuts target price from 170p to 150p, while keeping its buy recommendation. AMEC: Credit Suisse reduces target price from 1250p to 1150p retaining a neutral rating. Nomura reduces target price from 1450p to 1250p staying with its buy recommendation. UBS cuts targe
Read moreFTSE 100 movers: Coca-Cola HBC and Old Mutual lead fallers as earnings disappoint
7th Aug 2014 14:10
Shares in bottling firm Coca-Cola HBC sank over 3% on Thursday after saying unfriendly consumer sentiment and foreign exchange headwinds looked unlikely to improve during 2014 as it downgraded its volume expectations for the year as a whole. Financial services group Old Mutual declined after saying
Read moreLondon midday: UK stocks fall on weak earnings, central banks in focus
7th Aug 2014 12:10
- CCH, Old Mutual, Randgold, Mondi disappoint - Russia-West tensions high after food import ban - BoE holds rates, ECB expected to do same techMARK 2,711.50 -0.13% FTSE 100 6,619.52 -0.25% FTSE 250 15,244.89 -0.12% UK stocks were trading at their lowest levels since mid-April on Thursday morning w
Read moreMondi sees slight rise in first-half earnings
7th Aug 2014 09:11
FTSE-100 paper maker Mondi was able to offset lower prices in the first half with a 3% rise in underlying operating profit. The international packaging group generated underlying operating profit of €377m, up from last year's €366m. Cost management and contributions from capital investments, alon
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