FTSE 100 movers: SABMiller cheers market
16th Sep 2015 13:53
(ShareCast News) - The FTSE 100 was up 1.2% with the index of leading shares up 75.8 points to 6,212. The main riser was SABMiller, which surged 21% on after it responded to recent press speculation by confirming that Anheuser-Busch InBev has informed the company that it intends to make an offer. R
Read moreMondi profits up 30% off sales lift
6th Aug 2015 07:42
(ShareCast News) - Packaging firm Mondi reported first half profits up 30% to €490m, following a boost in sales. The dual-listed company said underlying earnings per share were up 31% compared with the same half last year to 67.8 euro cents, in line with the underlying profit lift. Group revenue wa
Read moreMondi's paper profits on a tear
28th Jul 2015 08:01
(ShareCast News) - First-half profits from Mondi will be well ahead of those from last year, the paper and packaging maker said in a short trading statement. Headline EPS will be up around 18-28% to €0.57-€0.62, with basic underlying earnings per share up roughly 25-35% to €0.65-€0.70. The FTSE 100
Read moreThursday tips round-up: Mondi, SAB Miller
14th May 2015 14:35
Specially corrugated cardboard is the place to be in the paper sector, thanks to the sheer scale of demand from the likes of online retailers such as Amazon.com. Shares of Mondi, which derives about 70% of its sales from packaging, leapt 10% after its latest results. First quarter operating profits
Read moreLondon close: Stocks rise but weak US data dampens gains
13th May 2015 16:34
UK stocks rose on Wednesday but upside was only modest after data showed that American retail sales growth slowed to a standstill last month. The FTSE 100 finished 0.23% higher at 6,949.63, but settled firmly below the intraday high of 6,989.91. Shares extended gains in morning trade after the Bank
Read moreFTSE 100 movers: Mondi surges on strong profits, Admiral hit by CEO resignation
13th May 2015 13:15
UK stocks rebounded on Wednesday, driven by the Bank of England pushing back rate-hike predictions and a dip in unemployment. Sector-wise, property stocks extended gains, while miners and supermarkets dipped. As of 02:10, the FTSE 100 was trading 9 points, or 0.28% higher at 6,954, with Mondi toppin
Read moreLondon open: Stocks rise ahead of BoE inflation report
13th May 2015 08:20
London stocks rebounded slightly on Wednesday after a steep decline the previous session, as investors geared up for the Bank of England's Quarterly Inflation Report. The FTSE 100 was trading 0.53% higher at 6,970.37 early on, with results from blue chips Mondi, Barratt Developments and SABMiller im
Read moreMondi shares hit all-time high after profit surge in first quarter
13th May 2015 07:47
Shares in Mondi surged by a tenth on Wednesday after the paper and packaging company impressed investors with a big jump in profits in the first quarter. Underlying operating profit totalled €236m in the three months to 31 March, up 29% year-on-year and 9% ahead of the fourth quarter figure. Averag
Read moreFTSE 100 movers: BHP higher after beating forecasts, Meggitt hit by falling profits
24th Feb 2015 12:59
Mining giant BHP Billiton jumped after beating forecasts with a less-than-expected decline in earnings in the first half. Underlying operating profits fell 12.3% year-on-year to $14.49bn, compared with consensus forecasts of $13.62bn. The group also pledged to keep its dividend policy unchanged desp
Read moreLondon pre-open: Flat start expected with Greece, Yellen in focus
24th Feb 2015 07:49
UK stock markets were expected to open more or less flat on Tuesday morning as investors awaited details on a bailout extension request from Greece and comments from Federal Reserve chair Janet Yellen. City sources predict the FTSE 100 will open just a few points higher than Monday's close of 6,912.
Read moreMondi earnings grow 13% as paper profits boosted by low oil price and exchange rates
24th Feb 2015 07:21
Despite a fall in revenues during a challenging economic period, South African paper maker Mondi has announced underlying full-year underlying profits before tax up 10% to €767m as it continued to invest heavily in capital projects. Boosted by falling wood, chemical and oil prices, the company's un
Read moreLondon pre-open: Flat start expected, Chinese inflation at five-year low
10th Feb 2015 07:58
A subdued start was expected for equity markets in the UK on Tuesday as investors focused on economic data and kept an eye on developments in Greece. City sources predict the FTSE 100 will open five points higher than Monday's close of 6,837.15. Figures out overnight showed that the annual rate of
Read moreMondi surprises with strong earnings recovery
10th Feb 2015 07:10
In a surprise announcement, packaging and paper group Mondi revealed that its earnings for the full year would be at least 20% higher than the previous year. The FTSE 100 company's unscheduled update reported that basic earnings per share would be between €0.96 and €0.99 in the calendar year, up bet
Read moreFTSE 100 movers: Kingfisher and Centrica boosted by disposals as miners dip
22nd Dec 2014 14:32
Home improvement retailer Kingfisher edged higher after agreeing to sell a controlling 70% stake in its B&Q China business to Wumei Holdings for £140m. "I am delighted to have found a strong retail partner who will help us to release the financial value of our business in China," said new boss Véron
Read moreLondon close: FTSE ends session with modest gains
30th Oct 2014 16:36
The top tier closed slightly higher on Thursday, as a strong performance by Smith & Nephew was offset by losses amongst the mining sector. The FTSE 100 ended the day 9.68 points higher than on the previous day at 6,463.55. Investors were paying attention to what analysts called an "artificially hig
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