Mondi 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
Read moreFTSE 100 movers: GKN leads after profits rise
29th Jul 2014 15:55
GKN climbed to the top spot after saying that a good performance by its automotive business fuelled 6% higher profits at the engineering group in the first half to £296m. However, a strong pound saw sales fall 1%. High street giant Next rose after lifting its sales and profit guidance for the full
Read moreLondon midday: UK stocks rise as blue-chip earnings impress
29th Jul 2014 12:08
- GKN, Next and Mondi impress, StanChart upgraded - St James's Place and BP fall - Gains capped by geopolitics, upcoming US data - Petra Diamonds sinks as shareholders sell stake techMARK 2,786.59 +0.38% FTSE 100 6,811.75 +0.35% FTSE 250 15,712.91 +0.62% UK stocks snapped a two-day losing streak
Read moreLondon open: GKN leads UK stocks higher, but upside limited
29th Jul 2014 09:09
- GKN, Next and Mondi impress with updates/results - St James's Place drops despite strong first half - West-Russia tensions rise as sanctions eyed - US data, Gaza in focus techMARK 2,780.14 +0.15% FTSE 100 6,806.28 +0.27% FTSE 250 15,662.90 +0.30% Strong gains from GKN, Next and Mondi helped UK m
Read moreLondon pre-open: Stocks to rise after upbeat session in Asia
29th Jul 2014 07:41
Lifted by an upbeat session in Asia, London's blue chips are expected to move higher early on. City sources predict the FTSE 100 will open around 14 points higher than yesterday's close of 6,788.07. Data released from Japan indicated that while household and consumer spending had declined, it was
Read moreMondi raises profits guidance for first half
29th Jul 2014 07:37
Profits are expected to beat expectations for packaging and paper company Mondi in the first half of the year, with further clarity given on earnings guidance. The FTSE 100 group said basic underlying earnings per share would be between 49 and 54 euro cents, a fairly wide range which would represe
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
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