Mondi profit edges up in third quarter
13th Oct 2016 07:20
(ShareCast News) - Paper and packaging group Mondi reported an increase in third-quarter underlying operating profit compared to a year ago and said it expects to be benefit from higher selling prices as it moves into 2017. Underlying third-quarter profit was up 3% from the same period a year ago to
Read moreMondi to buy Beepack for EUR41m
10th Oct 2016 09:08
(ShareCast News) - FTSE 100 paper and packaging group Mondi has agreed to buy Russia-based Beepack from a private investor for €41m on a debt and cash-free basis. The company's plant in Lebedyan, which is around 400 km south of Moscow, makes a range of corrugated packaging trays and boxes for food a
Read moreWednesday broker round-up
14th Sep 2016 08:37
(ShareCast News) - Relx: Berenberg reiterates buy with a target price of 1600p. Standard Life: Deutsche Bank reiterates buy, 325p target. Arrow Globalik: Jefferies keeps at buy with a 359p target. Ocado: Exane BNP Paribas downgrades to underperform with a 215p target. SafeCharge: Berenberg stays
Read moreTuesday broker round-up
23rd Aug 2016 09:19
(ShareCast News) - Ithaca Energy: Barclays reiterates underweight with a target price of 70p. Mediclinic: JP Morgan maintains neutral with a 1160p target. Premier Oil: Barclays reiterates overweight with a 100p target. South 32: Jefferies reiterates hold with a 110p target. Mondi: Citigroup keeps
Read moreMondi first-half profit up but warns over H2
4th Aug 2016 07:34
(ShareCast News) - Paper and packaging group Mondi posted a jump in first-half pre-tax profit but warned on Thursday that the second half of the year will be hit by planned maintenance closures at a number of its mills and the usual seasonal downturn in its uncoated fine paper business. For the six
Read moreMondi anticipates higher earnings in first half results
26th Jul 2016 07:20
(ShareCast News) - Mondi Group updated the market on its earnings expectations for the six months ended 30 June on Tuesday morning, ahead of the release of its results for the half-year on 4 August. The FTSE 100 firm said it anticipates basic underlying earnings per share of 73 to 77 euro cents, up
Read moreMonday broker round-up
18th Jul 2016 13:20
(ShareCast News) - Experian: Barclays reiterates overweight with a target price of 1,550p. Rentokil: HSBC upgrades to hold with a 190p target. Card Factory: UBS reiterates buy with a 295p target. Capital & Regional: HSBC starts coverage at buy with a 61p target. Unilever: Goldman Sachs reiterates
Read moreMondi to buy Russian packaging outfit
11th Jul 2016 11:33
(ShareCast News) - Mondi said it has signed an agreement to buy 100% of the outstanding share capital of ZAO Uralplastic-N from Joint Stock Company Rusnano and a private investor for an undisclosed sum. Uralplastic operates one plant near Ekaterinburg, in the Ural region of Russia and manufactures a
Read moreTuesday broker round-up
14th Jun 2016 12:02
(ShareCast News) - Henderson Group: Exane BNP Paribas downgrades to neutral with a target price of 240p. Crest Nicholson: Deutsche Bank keeps at hold with a 542p target. Beazley: UBS stays at neutral with a target price of 376p. Inmarsat: Jefferies keeps at buy with a target of 1245p. Berkeley Gr
Read moreMondi buys Turkish consumer packaging firm for EUR90m
2nd Jun 2016 08:56
(ShareCast News) - Paper and packaging group Mondi has signed an agreement for the acquisition of 90% of the outstanding share capital in Turkish consumer packaging firm Kalenobel from private equity group Argus Capital and M. Olcay Hephiz, one of the company's founders. Mondi will pay around €90m o
Read moreLondon pre-open: All eyes on BoE's Carney and Vlieghe
12th May 2016 07:24
(ShareCast News) - A cautious tone is expected to prevail at the start of trading, with traders sitting on their hands of the results of today's Monetary Policy Committee meeting, minutes and Inflation Report. Against that backdrop, the Footsie is being called to start the session 27 points beneath
Read moreMondi sees FY in line with expectations after strong Q1
12th May 2016 07:14
(ShareCast News) - Underlying first quarter operating profits at paper manufacturer Mondi rose 14% year on year to €269m with strong contributions from consumer packaging, uncoated fine paper and South Africa Division offsetting the impact of lower selling prices in certain packaging paper segments
Read moreMonday broker round-up
25th Apr 2016 13:13
(ShareCast News) - Ted Baker: Jefferies upgrades to buy with a 3000p target. Howden Joinery Group: Goldman Sachs upgrades to neutral with a 515p target. Genel Energy: Barclays keeps at overweight with a target price of 115p and Canaccordreiterates speculative buy with a target of 165p. Royal Dutch
Read moreMondi launches €500m Eurobond
7th Apr 2016 15:51
(ShareCast News) - Paper and packaging group Mondi announced the successful launch of a €500m (£403.5m), eight-year Eurobond, the proceeds of which will be used for general corporate purposes. The Eurobond matures in April 2024, has a coupon of 1.5% and an application will be made for it to be liste
Read moreFTSE 100 movers: Anglo American up on mine sale, Mondi shunned
4th Apr 2016 14:08
(ShareCast News) - The FTSE 100 remained just above the waterline in afternoon trading, though it had pared back gains it made in the morning as investors digested fresh data showing continued expansion in UK construction activity in March. Miner Anglo American was one of the leading risers after it
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