Monday 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
Read moreMondi 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
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