Mondi reports strong packaging demand
6th May 2021 07:43
(Sharecast News) - Mondi said demand was strong for its packaging as online shopping surged and customers looked for more eco-friendly products in the first quarter.
Read moreBuy DS Smith and Smurfit Kappa, Berenberg says
17th Mar 2021 09:16
(Sharecast News) - Berenberg upgraded DS Smith to 'buy' and initiated coverage of Smurfit Kappa with the same rating in an upbeat note on prospects for the paper and packaging sector.
Read moreThursday broker round-up
4th Mar 2021 13:25
(Sharecast News) - Weir: Deutsche Bank downgrades to hold with a target price of 2,000p.
Read moreFriday broker round-up
26th Feb 2021 13:47
(Sharecast News) - Reckitt Benckiser: Credit Suisse reiterates outperform with a target price of 7,800p.
Read moreDS Smith shares soar as Mondi reportedly mulls bid
25th Feb 2021 09:43
(Sharecast News) - Shares in UK paper and packaging firm DS Smith spiked on Thursday on reports rival group Mondi is considering a bid in what would be one of the largest British deals this year.
Read moreBofA says 'buy' Mondi, cuts Smurfit and DS Smith
8th Feb 2021 10:51
(Sharecast News) - Bank of America upgraded Mondi to 'buy' and cut Smurfit Kappa and DS Smith to 'hold' to take account of rising costs.
Read moreJefferies says 'buy' DS Smith and Smurfit Kappa
7th Jan 2021 10:03
(Sharecast News) - Jefferies upgraded its ratings for DS Smith and Smurfit Kappa shares to 'buy' as the broker predicted positive trading for packaging companies helped by ecommerce and environmental pressures.
Read moreMondi buys Turkish packaging firm Olmuksan for €66m
5th Jan 2021 08:06
(Sharecast News) - Paper and packaging firm Mondi said it was buying 90.38% of the outstanding shares in Turkish peer Olmuksan International Paper for €66m (£60m).
Read moreEarnings slip at Mondi despite lower costs
15th Oct 2020 07:25
(Sharecast News) - Mondi said its underlying EBITDA for the third quarter was 20% lower year-on-year at €306m (£276.55m), despite lower costs.
Read moreSector movers: Forestry and Paper stocks bid higher after upbeat industry forecasts
23rd Sep 2020 12:25
(Sharecast News) - Cyclicals were at the fore on Wednesday, with Forestry and Paper stocks topping the leaderboard on the back of upbeat medium-term projections from two trade groups.
Read moreMondi restarts dividends after 'robust' trading
6th Aug 2020 07:47
(Sharecast News) - Mondi restarted paying dividends as the paper and packaging company reported a 26% decline in first-half profit after the Covid-19 crisis reduced demand for its products.
Read moreFerguson CFO Powell stepping down to join Mondi
26th May 2020 07:45
(Sharecast News) - Plumbing and heating parts distributor Ferguson said on Tuesday that chief financial officer Mike Powell has resigned to take up the same role at paper and packaging company Mondi.
Read moreTuesday broker round-up
14th Apr 2020 13:25
(Sharecast News) - Smith & Nephew: Citigroup downgrades to neutral with a target price of 1,700p.
Read moreMondi pulls dividend, cuts capex spend
9th Apr 2020 07:32
(Sharecast News) - Paper and packaging maker Mondi pulled its dividend and cut capital expenditure by up to €200m as plant closures forced by the coronavirus crisis hit production.
Read moreMondi FY revenues dip as average selling prices, volumes decline
27th Feb 2020 07:26
(Sharecast News) - Packaging and paper manufacturer Mondi reported a decline in full-year revenue on Thursday amid "challenging" trading conditions.
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