London open: Stocks flat despite banking strength
12th Feb 2013 08:28
UK stocks opened broadly flat on Tuesday morning ahead of some UK inflation data, with markets pausing for breath after a strong rise in the year to date. The FTSE 100 had a subdued day yesterday on the back of a lack of economic news and low trading volumes, partly owing to the closure of Asian ma
Read moreFourth-quarter profits improve at Mondi
12th Feb 2013 08:02
Paper and packaging group Mondi has set out its earnings guidance for the 2012 full year, saying that its bottom line performance improved in the fourth quarter. Ahead of the company's full-year results announcement on February 21st, the company said that underlying operating profit for the fourth
Read moreTuesday broker round-up UPDATE
12th Feb 2013 07:24
AMEC: Exane BNP initiates with a target price of 1140p and an underperform rating. Anglo American: Goldman Sachs increases target price from 1500p to 1550p, while keeping a sell recommendation. Barclays: Nomura reiterates reduce. Charles Stanley reiterates hold. Investec reiterates buy, with price
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreTuesday broker round-up UPDATE
29th Jan 2013 07:26
Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat
Read moreMondi enters discussions to close Czech Republic mill
19th Nov 2012 13:48
Paper and packaging group Mondi has said that following the completion of its acquisition of Duropack's operations earlier this month, it has subsequently entered into discussions with employees about the proposed closure of the one hundred thousand tonne recycled containerboard mill in the Czech Re
Read moreThursday broker round-up
1st Nov 2012 09:19
Antofagasta: UBS ups target from 1,080p to 1,100p, sell rating kept. Avocet Mining: Numis downgrades to add, target cut from 130p to 90p; Westhouse Securities downgrades to sell, 1,434p target kept. Bank of Georgia: Seymour Pierce reiterates buy rating and 1,600p target. Barratt Developments: Gol
Read moreStable trading at Mondi
31st Oct 2012 10:35
Profits of dual listed paper and packaging group Mondi were flat year-on-year in the traditionally quiet summer months, in line with management expectations. Underlying operating profit for the quarter ended September 30th was €135m, barely changed from €136m in the third quarter of last year, but
Read moreWednesday broker round-up - UDPATE
31st Oct 2012 09:09
AMEC: Seymour Pierce keeps buy rating and 1,250p target; Investec keeps buy rating and 1,300p target. Babcock: Panmure Gordon keeps hold rating and 940p target. Barclays: Nomura keeps reduce rating and 210p target. BP: Jefferies keeps hold rating and 450p target. Chariot Oil & Gas: Seymour Pierc
Read moreMonday broker round-up - UPDATE
8th Oct 2012 08:03
AMEC: Investec keeps buy rating and 1,300p target. Aquarius Platinum: Panmure Gordon keeps buy rating and 163p target. BAE Systems: Societe Generale upgrades to hold, target lifted from 300p to 350p. British American Tobacco: Nomua raises target from 3,500p to 3,506p, buy rating kept. BSkyB: Nom
Read moreFTSE 250 movers: Bumi rises on debt payment plan reports
2nd Oct 2012 15:55
Bumi rose on reports that the Jakarta-based miner, PT Bumi Resources, in which it owns 29 per cent, is to raise cash by selling non-core assets, to quickly pay down debt. Bumi, founded by Nathaniel Rothschild, revealed on September 24th that it had begun investigating "potential financial and other
Read moreMondi sells share of Aylesford Newsprint at a loss
2nd Oct 2012 14:28
Paper and packaging group Mondi has, alongside Svenska Cellulosa Aktiebolaget, divested their 100 per cent interest in Kent-based Aylesford Newsprint to an independent private equity firm. The shares were sold for a nominal consideration, which was satisfied in cash at completion. Immediately prio
Read moreMondi completes acquisition of Nordenia
1st Oct 2012 07:17
Paper and packaging group Mondi said that all conditions have now been satisfied for the acquisition of flexible packaging firm Nordenia International. Mondi is paying €259m in cash for 99.93% of the outstanding share capital of Nordenia International AG from funds managed by Oaktree Capital Manage
Read moreMondi issues 8-year Eurobond
21st Sep 2012 08:03
Paper and packaging firm Mondi has raised half a billion euros through the issue of a Eurobond, due to mature in September 2020. A Eurobond is an international bond which is denominated in a currency other than those native to the country where it is issued. Proceeds from the sale of the bonds, w
Read moreSector movers: Broker hails Mondi acquisition
19th Sep 2012 15:56
Mondi, the Anglo-South African paper and packaging firm, leads the Forestry & paper sector higher after broker Jefferies issued a bullish note on the company on Tuesday. The group is acquiring two box plants and a container board mill from Duropack for €120m, prompting Jefferies to lift its earning
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