Mondi sees FY earnings higher than 2017
15th Feb 2019 07:05
(Sharecast News) - Paper and packaging giant Mondi said it expected full year underlying earnings before interest, tax, depreciation and amortisation to be higher than 2017's €1.482bn.
Read moreSector movers: Oil services and packaging makers lead rise
4th Jan 2019 15:22
(Sharecast News) - Oil-related and mining companies were again leading the charge in London on Friday, while supermarkets were one of the few sectors in the red.
Read moreMondi pressing ahead with new kraft top white machine in Slovakia
15th Oct 2018 15:37
(Sharecast News) - Mondi announced on Monday that, having recently obtained the necessary permitting, it was now proceeding with the investment in a new 300,000 tonne-per-annum kraft top white machine at Ruzomberok in Slovakia, with start-up expected towards the end of 2020.
Read moreThursday broker round-up
11th Oct 2018 13:05
(Sharecast News) - Restaurant Group: HSBC upgrades to buy with a target price of 370p.
Read moreMondi bags a 30% third quarter profit boost
11th Oct 2018 07:45
(Sharecast News) - Paper and packaging group Mondi said third quarter underlying earnings rose 30% to €466m (£407m) year-on-year, boosted by higher average selling prices across fibre packaging and uncoated fine paper, cost containment and recent acquisitions.
Read moreSector movers: Damaged packages, telecoms called up
10th Oct 2018 14:42
(Sharecast News) - Telecoms stocks were ringing up gains on Wednesday, while packaging companies were dented.
Read moreMonday broker round-up
8th Oct 2018 13:07
(Sharecast News) - Mediclinic International: Investec upgrades to buy with a target price of 448p.
Read moreSector movers: Market chatter stocks gains in Wood Group, Paper Packaging
22nd Aug 2018 13:25
(Sharecast News) - Cyclicals are pacing gains on a quiet day of summer trading on Wednesday, with analyst chatter dictating market moves, with what traders are left about in the City for the most part opting to sit on their hands ahead of tomorrow's expected conclusion, for now, of two days of trade talks between China and the US, even as they mull over the potential implications of the political storm unfolding over Capitol Hill.
Read moreStrong demand drives Mondi interim pre-tax profits up 6%
3rd Aug 2018 07:26
(Sharecast News) - Paper manufacturer Mondi on Friday reported a 6% rise in interim pre-tax profits of €490m (£436m) due to higher average selling prices and solid demand across its packaging businesses.
Read moreThursday broker round-up
9th Feb 2017 08:59
(ShareCast News) - Hargreaves Lansdown: Citi reiterates Sell with a target price of 1200p. Rio Tinto: Deutsche Bank reiterates Buy with a target price of 4000p. Redrow: Deutsche Bank reiterates Hold with a target price of 548p. Mondi: Jefferies reiterates Buy with a target price of 2000p. Easyjet
Read moreMondi buys UK food packager Excelsior for £33m
6th Feb 2017 08:08
(ShareCast News) - Packaging and paper firm Mondi on Monday said it had bought Excelsior Technologies Limited from funds managed by Endless LLP and certain other minority shareholders, for £33m (€38m), on a debt and cash-free basis. Excelsior makes "innovative flexible packaging solutions, mainly fo
Read moreMondi promotes Europe chief as CEO Hathorn steps down
1st Feb 2017 07:20
(ShareCast News) - Mondi chief executive David Hathorn will retire from the paper and packaging company in July, with longtime fellow board member Peter Oswald promoted to replace him. Oswald has been CEO of the Europe & International division since 2008 and worked for the company since 1992. Hatho
Read moreMondi's €470m Czech mill expansion will also lower costs
26th Jan 2017 14:38
(ShareCast News) - Paper and packaging group Mondi has signed off on a €470m investment in modernisation and expansion of its Steti mill in Czechia, which will increase capital expenditure in the three years to 2019. With the intention of lower energy costs and increase production from Štetí, which
Read moreRussia drops competition probe into Mondi
19th Dec 2016 13:25
(ShareCast News) - Paper and packaging maker Mondi said on Monday that Russian competition authorities had dropped a probe into the firm's local unit. Russia's Federal Antimonopoly Service (FAS) had been investigating Mondi Syktyvkar for violation of the antimonopoly law in respect of the pricing of
Read moreJPMorgan downgrades Mondi on lack of catalysts
14th Oct 2016 08:38
(ShareCast News) - JPMorgan Cazenove downgraded paper and packaging group Mondi to 'neutral' from 'overweight' following the company's third-quarter numbers on Thursday. The bank said that while the long-term investment case is intact, a lack of catalysts suggests there is no need to rush. "Mondi r
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