London open: Stocks rise ahead of BoE inflation report
13th May 2015 08:20
London stocks rebounded slightly on Wednesday after a steep decline the previous session, as investors geared up for the Bank of England's Quarterly Inflation Report. The FTSE 100 was trading 0.53% higher at 6,970.37 early on, with results from blue chips Mondi, Barratt Developments and SABMiller im
Read moreMondi shares hit all-time high after profit surge in first quarter
13th May 2015 07:47
Shares in Mondi surged by a tenth on Wednesday after the paper and packaging company impressed investors with a big jump in profits in the first quarter. Underlying operating profit totalled €236m in the three months to 31 March, up 29% year-on-year and 9% ahead of the fourth quarter figure. Averag
Read moreFTSE 100 movers: BHP higher after beating forecasts, Meggitt hit by falling profits
24th Feb 2015 12:59
Mining giant BHP Billiton jumped after beating forecasts with a less-than-expected decline in earnings in the first half. Underlying operating profits fell 12.3% year-on-year to $14.49bn, compared with consensus forecasts of $13.62bn. The group also pledged to keep its dividend policy unchanged desp
Read moreLondon pre-open: Flat start expected with Greece, Yellen in focus
24th Feb 2015 07:49
UK stock markets were expected to open more or less flat on Tuesday morning as investors awaited details on a bailout extension request from Greece and comments from Federal Reserve chair Janet Yellen. City sources predict the FTSE 100 will open just a few points higher than Monday's close of 6,912.
Read moreMondi earnings grow 13% as paper profits boosted by low oil price and exchange rates
24th Feb 2015 07:21
Despite a fall in revenues during a challenging economic period, South African paper maker Mondi has announced underlying full-year underlying profits before tax up 10% to €767m as it continued to invest heavily in capital projects. Boosted by falling wood, chemical and oil prices, the company's un
Read moreLondon pre-open: Flat start expected, Chinese inflation at five-year low
10th Feb 2015 07:58
A subdued start was expected for equity markets in the UK on Tuesday as investors focused on economic data and kept an eye on developments in Greece. City sources predict the FTSE 100 will open five points higher than Monday's close of 6,837.15. Figures out overnight showed that the annual rate of
Read moreMondi surprises with strong earnings recovery
10th Feb 2015 07:10
In a surprise announcement, packaging and paper group Mondi revealed that its earnings for the full year would be at least 20% higher than the previous year. The FTSE 100 company's unscheduled update reported that basic earnings per share would be between €0.96 and €0.99 in the calendar year, up bet
Read moreFTSE 100 movers: Kingfisher and Centrica boosted by disposals as miners dip
22nd Dec 2014 14:32
Home improvement retailer Kingfisher edged higher after agreeing to sell a controlling 70% stake in its B&Q China business to Wumei Holdings for £140m. "I am delighted to have found a strong retail partner who will help us to release the financial value of our business in China," said new boss Véron
Read moreLondon close: FTSE ends session with modest gains
30th Oct 2014 16:36
The top tier closed slightly higher on Thursday, as a strong performance by Smith & Nephew was offset by losses amongst the mining sector. The FTSE 100 ended the day 9.68 points higher than on the previous day at 6,463.55. Investors were paying attention to what analysts called an "artificially hig
Read moreMondi 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
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