Mondi cites planned maintenance shuts as Q3 profit falls
17th Oct 2024 07:23
(Sharecast News) - Paper and packaging group Mondi said on Thursday that underlying core profit fell in the third quarter in "muted" trade, mainly due to more planned maintenance shuts.
Read moreLondon close: Markets rebound from China-fuelled losses
9th Oct 2024 15:42
(Sharecast News) - London stocks rebounded on Wednesday, with both main indices posting gains after sharp declines in the previous session.
Read moreMondi snaps up Schumacher Packaging assets in Western Europe
9th Oct 2024 07:16
(Sharecast News) - Paper and packaging giant Mondi has announced the acquisition of the Western European corrugated converting and solid board assets of Schumacher Packaging.
Read moreLondon close: Stocks mixed as investors look to Jackson Hole
22nd Aug 2024 15:31
(Sharecast News) - London's stock markets closed on a mixed note Thursday, as traders remained cautious ahead of a speech from Federal Reserve chair Jerome Powell.
Read moreLondon close: Stocks slide as Bank of England trims rates
1st Aug 2024 16:09
(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, as investors digested the Bank of England's decision to cut interest rates for the first time in four years.
Read moreMondi confident despite fall in first-half earnings
1st Aug 2024 11:56
(Sharecast News) - Mondi reported a solid first-half performance on Thursday, despite facing market challenges, as underlying EBITDA fell to €565m from €680m year-on-year, resulting in an EBITDA margin of 15.1%.
Read moreLondon close: Stocks mixed as UK inflation slows to BoE target
19th Jun 2024 15:25
(Sharecast News) - London stocks ended the day with mixed results on Wednesday, as new data indicated a decrease in annual consumer price inflation, aligning with the Bank of England's target of 2% for May.
Read moreLondon close: Stocks mixed after disappointing retail sales data
24th May 2024 15:19
(Sharecast News) - London stocks closed with mixed results on Friday, influenced by earlier declines in the US and Asian markets, as investors reacted to a larger-than-expected drop in UK retail sales.
Read moreCiti upgrades Mondi to 'buy'
24th May 2024 08:57
(Sharecast News) - Citi upgraded its stance on Mondi on Friday to 'buy' as it said that after a difficult couple of years, the market headwinds of destocking and lower pricing are reversing across the packaging company's product segments (board, flexibles, paper).
Read moreJefferies raises target price on Mondi
7th May 2024 16:00
(Sharecast News) - Jefferies upped its target price on paper and packaging business Mondi from 1,650.0p to 1,700.0p on Tuesday following the group's first-quarter trading update.
Read moreLondon close: Stocks rise as US payrolls come in weaker
3rd May 2024 16:52
(Sharecast News) - London markets closed positively on Friday, as investors digested slower-than-expected payrolls growth in the US, while Anglo American jumped amid anticipation of a potential bidding war for the mining giant.
Read moreMondi earnings in line as market conditions improve
3rd May 2024 07:20
(Sharecast News) - Paper and packaging company Mondi reported improved market conditions in its first quarter on Friday, resulting in stronger order books and increased sales volumes across a range of paper grades compared to the prior quarter.
Read moreDS Smith tumbles as Mondi abandons pursuit
19th Apr 2024 12:08
(Sharecast News) - DS Smith tanked on Friday after Mondi said it would not be making an offer for the rival packaging group, clearing the path for a takeover by International Paper.
Read moreInternational Paper to seek secondary London listing if DS Smith deal goes ahead
4th Apr 2024 13:33
(Sharecast News) - International Paper said on Thursday that it had made "significant progress" in reciprocal due diligence with regards to a potential takeover offer for UK-based DS Smith, and that it could seek a secondary listing in London if a deal goes ahead.
Read moreDS Smith extends Mondi offer deadline by two weeks
4th Apr 2024 07:52
(Sharecast News) - DS Smith, the packaging group at the centre of a a bidding war between UK-listed Mondi and US firm International Paper, has extended the so-called 'put up or shut up' deadline for the former to make a firm offer.
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