Mondi acquires kraft paper business
1st Jul 2014 08:18
Mondi, the FTSE 100 paper and packaging company, has completed its acquisition of the industrial bags and kraft paper business of Graphic Packaging International. The group paid a consideration of $105m on a debt and cash free basis. Shares in the company had risen 0.47% to 1,067p by 08:26. NR
Read moreSector movers: Defensive stocks fall as US data boosts risk appetite
6th Jun 2014 14:17
Consumer-staple stocks were bearing the brunt of an increase in risk appetite on Friday as decent economic data from the States lifted sentiment. The all-important monthly US non-farm payrolls report, which has partly prompted investor caution over the past few sessions in London, came in ahead of
Read moreFTSE 100 movers: Wolseley rises on strong Q3 sales
3rd Jun 2014 15:21
Currency movements put a dampener on third-quarter results at heating and plumbing products group Wolseley, but strong growth in the US and Nordic regions drove an acceleration in like-for-like sales to 5.1%, helping shares to rise strongly throughout today's session. Packaging and paper company M
Read moreMondi to acquire American bags and kraft paper business
3rd Jun 2014 13:44
FTSE 100 packaging and paper company Mondi Group is set to acquire Graphic Packaging International's US bags and kraft paper business for $105m. The business's production base comprises an integrated kraft paper mill located in Arkansas, with production capacity of 135,000 tonnes a year, and nine b
Read moreFTSE 100 movers: Aggreko lifted by Citigroup note
14th May 2014 15:15
Aggreko rose strongly today after Citigroup reiterated its 'buy' rating on the stock. Paper and packaging group Mondi was following close behind after it delivered a 13% increase in underlying operating profits in the first quarter despite a "mixed" trading environment and flat sales volumes. Under
Read moreBroker tips: ITV, Compass, Mondi, Admiral
14th May 2014 13:14
Investec has sounded a cautious note on ITV, saying that some may have expected more from the terrestrial broadcaster with its first-quarter update. The broker maintained a 'hold' stance on the shares with a 195p target price, saying that the stock's valuation "looks quite full versus media peers".
Read moreLondon midday: ITV drops as UK stocks retreat from 14-year high
14th May 2014 11:50
- ITV leads fallers after underwhelming Q1 - Markets pull back from highest level since 1999 - BoE strikes dovish tone in Inflation Report - Compass, Mondi rise strongly after updates techMARK 2,797.20 -0.25% FTSE 100 6,862.96 -0.15% FTSE 250 16,008.81 -0.19% UK stocks were in negative territory o
Read moreDavy Research upbeat about pricing momentum at Mondi
14th May 2014 11:24
Davy Research said it sees upside risk at Mondi, keeping an 'outperform' rating on the packaging stock as the momentum in selling prices turns positive. "While the statement from Mondi is broadly in line with expectations, there is a sense that positive pricing momentum is being restored,"said Anal
Read moreLondon open: UK stocks retreat from 14-year high, BoE in focus
14th May 2014 08:43
- FTSE 100 pulls back after nearing record - BoE in focus ahead of inflation report - UK employment data due out - Compass unveils 1bn-pound cash return techMARK 2,798.34 -0.21% FTSE 100 6,857.97 -0.22% FTSE 250 16,046.94 +0.05% UK stocks declined on Wednesday morning as investors took profits aft
Read moreMondi able to grow Q1 profits despite flat volumes, rising costs
14th May 2014 07:00
- Underlying operating profits up 13 per cent - Sales volumes flat, some selling prices fall - Company able to offset rising input costs Paper and packaging group Mondi delivered a 13 per cent increase in underlying operating profits in the first quarter despite a 'mixed' trading environment and fl
Read moreFTSE 100 movers: RBS climbs on strong Q1
2nd May 2014 14:54
RBS pleased investors after saying that pre-tax profit surged to 1.64bn pounds in the first three months of 2013, up from 826m pounds the year before and ahead of forecasts. This came despite a 2% fall in income to £5.05bn, as expenses fell 6% and impairment losses dropped 65%."The first-quarter [
Read moreLondon midday: RBS and IHG rise, but markets cautious ahead of US data
2nd May 2014 11:48
- Markets rangebound ahead of US jobs report - FTSE 100 at highest in two months - Ukraine tensions limit gains - RBS doubles pre-tax profits in first quarter - IHG unveils special divi after strong start techMARK 2,793.80 +0.19% FTSE 100 6,818.58 +0.14% FTSE 250 15,922.13 +0.45% Strong gains from
Read moreLondon midday: Stocks inch lower on mixed data and earnings
23rd Apr 2014 11:37
- AB Foods jumps, ARM and Sports Direct fall - UK borrowing falls more than expected - Chinese manufacturing still in contraction - Eurozone business activity improves techMARK 2,740.84 +0.09% FTSE 100 6,670.05 -0.18% FTSE 250 15,991.94 -0.56% UK stocks pulled back from a three-week high on Wednes
Read moreLondon open: Stocks edge higher, AB Foods jumps on Primark expansion
23rd Apr 2014 08:40
- AB Foods jumps on Primark expansion plans - Stocks rise, but upside limited - BoE minutes, economic data ahead - Chinese manufacturing PMI contracts again techMARK 2,749.64 +0.41% FTSE 100 6,688.65 +0.10% FTSE 250 16,067.20 -0.09% UK stocks edged higher on Wednesday morning with Primark owner As
Read moreLondon close: FTSE ends lower after Yellen comments, budget impact
20th Mar 2014 16:59
- FTSE down 30.69 points, weighed by Yellen comments - Mortgage lending falls six per cent - Broker comment lifts SSE techMARK 2,800.23 -0.66% FTSE 100 6,542.44 -0.47% FTSE 250 16,217.35 -0.74% UK stocks finished in the red today as investors digested hawkish comments from Fed Chairwoman Janet Yel
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