Monday 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
Read moreLondon 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
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