London pre-open: Slightly higher start expected
4th Apr 2016 07:56
(ShareCast News) - Trading is expected to get off to a quiet start this week, with investors looking out to the release of a widely-followedservice sector survey Stateside later in the afternoon and the minutes of the Fed´s last rate-setting meeting, on Wednesday, for guidance. Against that backdrop
Read moreMondi says named in Russia anti-monopoly probe
4th Apr 2016 07:05
(ShareCast News) - Paper maker Mondi said it had been named in a Russian anti-monopoly investigation, although it had not been officially notified by authorities. The company said in a statement that Russia's Federal Antimonopoly Service (FAS) said last week it had started an investigation into Mond
Read moreMondi says its factories not targeted by EC inspections
21st Mar 2016 09:30
(ShareCast News) - Paper and packaging company Mondi said it was unaffected by unannounced inspections by the European Commission at several companies in the kraft paper and industrial bags sector last week. On 16 March, the European Commission confirmed that it had carried out unannounced inspectio
Read moreStrong group-wide performance boosts Mondi's revenue
25th Feb 2016 07:39
(ShareCast News) - Mondi's full year group revenue has risen 7%, driven by strong performances across all parts of the business. For the 2015 calendar year, revenue rose from €6.4bn (£5.1bn) to €6.8bn driven by higher domestic selling prices in the paper businesses and good volume gains in Container
Read moreMondi expects full year profits to beat EUR767m
16th Feb 2016 07:12
(ShareCast News) - Paper maker Mondi said it expected full year underlying operating profits to be higher than the €767m (£593.7m) achieved in 2014. It added that there would be a special item charge of €47m which includes additional restructuring and closure costs and related impairments as well as
Read moreFTSE 100 movers: Pearson drives blue-chips up on broker note
16th Dec 2015 14:06
(ShareCast News) - The FTSE 100 continued to rise on Wednesday, with the blue chip market up 65.57 points (1.09%) to 6,083.36 mid-afternoon. Pearson was the day's big winner after Exane BNP Paribas upgraded the educational publisher's stock to 'outperform' from 'neutral'. "Risks of further earnings
Read moreMondi and Walki terminate agreement on EC competition concerns
15th Dec 2015 12:03
(ShareCast News) - Paper and packaging company Mondi has terminated its agreement to buy two of Walki Group's extrusion coatings plants in Finland and Poland due to European Commission competition concerns. Mondi said the two companies, which announced the agreement in May, have been in discussions
Read moreFTSE 100 movers: Anglo American and Miners send market down
8th Dec 2015 13:31
(ShareCast News) - The FTSE 100 continued its slide, with the blue-chip market down 72.15 points (1.16%) to 6,151.37 by mid-afternoon Tuesday. Driving the market down was Anglo American after it said it will suspend its dividend to investors this year and the next as it announced a "radical" portfol
Read moreMondi gobbles Korean pet food pouch maker
2nd Nov 2015 09:28
(ShareCast News) - Paper and packaging company Mondi has signed an agreement to acquire a 95% stake in South Korean flexible packaging company KSP for an undisclosed sum. Seoul-based KSP, which specialises in the production of high-quality spouted and retort stand-up pouches for the food, pet food a
Read moreMondi disposes of German containerboard mill for EUR25m
29th Oct 2015 09:25
(ShareCast News) - Mondi has agreed to sell its recycled containerboard mill and related recycling operations in Raubling, Germany, to the Heinzel Group for an enterprise value of €25m on a debt and cash free basis. The paper and packaging company said the deal, which remains subject to competition
Read moreFriday newspaper share tips: Looking inside Mondi's packaging
9th Oct 2015 11:49
(ShareCast News) - After Mondi released its third quarter results on Thursday, the newspaper pundits have opened the packaging and had a look inside to offer their insight. Yesterday The Telegraph's Questor noted that shares in the FTSE 100 packaging and paper giant have drifted down since August af
Read moreMondi third quarter operating profit up 27%
8th Oct 2015 07:15
(ShareCast News) - Paper and packaging company Mondi posted a 27% rise in underlying third quarter profit following a good performance from all its business units. Underlying profit increased to €221m from €174m a year earlier and the company noted strong incremental contributions from Packaging Pap
Read moreMondi buys German fabrics company for €54m
18th Sep 2015 10:42
(ShareCast News) - Packaging and paper group Mondi has agreed to acquire Ascania non-woven Germany from private equity group Schloss Neugattersleben for €54m on a debt-and-cash-free basis. Ascania, which produces non-woven fabrics and non-woven composites used as components in personal care products
Read moreBroker tips: Mondi, Lonmin, Reckitt Benckiser
16th Sep 2015 17:04
(ShareCast News) - Mondi, the paper and packaging group, has been downgraded to 'sell' by Goldman Sachs after a strong run in the shares and "stretched" growth expectations. Goldman said it saw 12% downside to shares in the FTSE 100 group, which was spun-off from miner Anglo American in July 2007, a
Read moreMondi downgraded to 'sell' by Goldman Sachs
16th Sep 2015 15:21
(ShareCast News) - Mondi, the paper and packaging group, has been downgraded to 'sell' by Goldman Sachs after a strong run in the shares and "stretched" growth expectations. Goldman said it saw 12% downside to shares in the FTSE 100 group, which was spun-off from miner Anglo American in July 2007, a
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