UK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jul 2010 07:37
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0637 GMT [Dow Jones] Goldman Sachs upgrades Mondi (MNDI.LN) to buy from neutral, citing divergent trends in paper and packagi
Read moreMARKET TALK: Goldman Sachs Upgrades Mondi To Buy
21st Jul 2010 07:37
0637 GMT [Dow Jones] Goldman Sachs upgrades Mondi (MNDI.LN) to buy from neutral, citing divergent trends in paper and packaging. Demand for newsprint and magazine papers has been in structural decline for at least a decade, but packaging grades offer some structural growth potential. GS forecasts st
Read moreUPDATE:Lonmin Completes BEE Deal; Appoints Ramaphosa To Board
13th Jul 2010 12:26
(Adds details and updated share price.) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Platinum producer Lonmin PLC (LMI.LN) has completed a deal to ensure the financial viability of its troubled Black Economic Empowerment partner, Incwala Resources, the company confirmed
Read moreLonmin Completes BEE Deal; Appoints Ramaphosa To Board
13th Jul 2010 11:39
By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Platinum producer Lonmin PLC (LMI.LN) has completed a deal to ensure the financial viability of its troubled Black Economic Empowerment partner, Incwala Resources, the company confirmed Tuesday. According to Lonmin, the world'
Read moreMARKET TALK: Goldman Revises Paper, Pulp Stock Views >NSG.OS
11th Jun 2010 09:31
0831 GMT [Dow Jones] Goldman Sachs revises its outlook for the European paper and pulp industry. "Despite industry overcapacity, we raise our average paper pricing forecasts to reflect support from tight inventories and cost recovery." The bank says pulp prices have increased significantly since the
Read moreMondi lifts profits in first quarter
6th May 2010 08:15
An improvement in trading in Europe led to a moderate rise in profits in the first quarter of 2010 from the last quarter of 2009 at the paper and packaging group Mondi. Mondi said it was also benefitting from actions taken to restructure its cost base in 2008 and 2009. The company is seeing a rise
Read moreMondi offloads European paper business
5th May 2010 08:26
Paper and packaging group Mondi has reached agreement to sell its central and eastern European paper supplier Europapier to the Austrian paper group Heinzel for €60m. Mondi said the proceeds would be used to reduce its debts. Chief executive David Hathorn said the sale would allow Mondi to focus on
Read moreMondi in €500m Eurobond issue
29th Mar 2010 08:17
Loss making South African paper and packaging group Mondi is to reduce its bank debt through the issue of a €500m Eurobond. The Eurobond will mature in April 2017 and carries a coupon of 5.75%. The Eurobond will be issued under Monday's medium term note programme which carries a rating of Baa3 from
Read moreSector movers: Banks move higher
24th Feb 2010 10:14
Investors are bracing for results from banks RBS and Lloyds tomorrow and the following day respectively. Both stocks are higher, but the gains are modest. HSBC leads the sector higher amid reports the bank is expected to announce that its chief executive Michael Geoghegan not receive his 40% pay r
Read moreWednesday tips round-up: Croda, Mondi, Spice
24th Feb 2010 06:38
Chemicals group Croda is emerging from recession with earnings nearly twice the level they were when it went in. Strong profit growth has also pulled net debt down by £110m to £289m. The only negative in yesterday's numbers was the effect of lower discount rates on Croda's pension deficit, which h
Read moreLondon close: Footsie suffers lack of confidence
23rd Feb 2010 16:21
A terrible report on US consumer confidence sent Wall Street spiralling lower, dragging London's leading index deep into the red late on. UK shares started well enough, but weakened steadily through the morning and spent much of the afternoon dipping in and out of negative territory until the US da
Read moreLondon afternoon: Stocks drift lower
23rd Feb 2010 15:16
A weak opening on Wall Street has dragged Footsie lower, though the number of fallers among the blue-chip index's constituents barely outnumbers the risers. Wolseley is leading the risers, after surprising the market with an unscheduled trading update. The building supplies group said it expects p
Read moreLondon midday: Leading shares mixed
23rd Feb 2010 12:13
For the second day in succession the FTSE 100 has turned lower after a moderately bright start. Comments on the fragility of the UK economy from Bank of England governor Mervyn King have given investors pause for thought. King, appearing before a parliamentary committee, said: 'There have been some
Read moreFTSE 250 movers: Investors cheer Mondi results
23rd Feb 2010 12:00
Mondi is higher after the paper and packaging group reported lower profits for 2009 but took heart from a revival in trading conditions in Europe in the final quarter. A rise in profits from Croda has sparked a positive reaction from shareholders. The speciality chemicals supplier lifted underlying
Read moreLondon open: Shares start strongly
23rd Feb 2010 08:38
Shares have started strongly as company updates are given a warm reception. Shares in Wolseley jumped after the building supplies group said it expects profits for the year to 31 July 2010 to exceed analysts' expectations of £326m. However, it said the better than expected earnings will be due to
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