Smurfit Kappa hikes dividend 20% as Americas offset Europe
8th Feb 2017 07:05
(ShareCast News) - Following its recent admission to the FTSE 100 index, packaging company Smurfit Kappa hiked its full year dividend 20% as it reported earnings grew despite headwinds from higher raw material costs and adverse currency effects. For calendar 2016, the Dublin-headquartered company ma
Read moreNewcomers eye promotion in FTSE 100 index reshuffle
28th Nov 2016 08:41
(ShareCast News) - Irish packaging group Smurfit Kappa, newly listed medical product company ConvaTec Group and online car retailer Auto Trader could make the leap into the FTSE 100 benchmark on Wednesday as part of the quarterly FTSE Russell index reshuffle. Making way could be precious metals prod
Read moreSector movers: Industrials, Mining jump
2nd Nov 2016 14:26
(ShareCast News) - Smurfit Kappa drove General Industrials to the top of the leaderboard after reporting that revenues jumped 6% over the three months ending on 30 September, at constant currencies, as volumes increased 3%. Business in the Americas was especially strong, with sales in the region ris
Read moreSmurfit Kappa's Q3 revenue rises, on track to deliver record EBITDA
2nd Nov 2016 08:18
(ShareCast News) - Ireland's Smurfit Kappa reported that third quarter revenue increased, while the corrugated packaging company remains on track to deliver record earnings before interest, tax, depreciation and amortisation (EBITDA) for the year. For the quarter ended 30 September, revenue grew 1%
Read moreTuesday broker round-up
27th Sep 2016 13:05
(ShareCast News) - Vodafone: HSBC reiterates buy with a target price of 280p. Melrose: UBS upgrades to buy, 200p target. Marks & Spencer: Deutsche Bank keeps at hold with a 350p target. Shire: Berenberg reiterates buy with a 5800p target. Next: Deutsche Bank keeps at buy with a 5950p target. Llo
Read moreSmurfit Kappa looks to FY earnings growth as free cash flow slides
27th Jul 2016 11:55
(ShareCast News) - Smurfit Kappa has improved its first-half pre-tax profit and revenue, but free cash flow is down more than half. It expects to report earnings growth for the full-year.
Read moreFTSE quarterly review confirms raft of changes to 100 and 250 indices
2nd Jun 2016 08:00
(ShareCast News) - Hikma Pharmaceuticals' promotion to the FTSE 100 index was confirmed after the latest quarterly review was announced overnight, while demoted blue chip Inmarsat was joined in the FTSE 250 by three recently floated finance groups CYBG, CMC Markets and Metro Bank plus several others
Read moreSmurfit Kappa makes two acquisitions in Brazil
4th Jan 2016 09:30
(ShareCast News) - Smurfit Kappa has acquired two integrated paper-based packaging businesses in Brazil - INPA and Paema - for around €186m (£137.5m). Both INPA and Paema are privately owned integrated packaging businesses and their combined operations have three recycled containerboard mills with a
Read moreSunday newspaper round-up: BAE Systems, Smurfitt Kappa, Marks & Spencer
12th Apr 2015 15:55
While a change of government remains a distinct possibility, defence and aerospace giant BAE Systems has recently approached senior government figures to ask permission to hire a foreign chief executive for the first time. According to the Sunday Times, the FTSE 100 group has petitioned defence secr
Read moreSector movers: Industrial stocks rise as bid speculation boosts can maker Rexam
5th Feb 2015 15:58
M&A speculation surrounding Rexam sparked a surge in industrial stocks in London on Thursday after the beverage can maker confirmed rumours that it has been approached by Ball Corporation. Rexam's shares were up nearly 21% at 539.5p by the close after the company said it had held talks with Ball Cor
Read moreSmurfit Kappa to close European plants amid flat Q3 earnings
5th Nov 2014 09:01
Paper and packaging group Smurfit Kappa revealed plans to close or shrink four corrugated cardboard plants and a recycled container-board mill in Europe as it posted broadly flat third quarter earnings. Smurfit said it has started talks with unions and works councils about shutting or downsizing the
Read moreBroker tips: ITV, Wood Group, Paper and packaging stocks
10th Oct 2014 13:02
UBS has upped its target price for broadcaster ITV from 210p to 230p and repeated its 'buy' recommendation, highlighting catalysts for the stock in the near term. Retransmission fees, M&A and a "compelling valuation" were cited as reasons behind the UBS' positive investment case on ITV. Specifically
Read moreMondi and Smurfit Kappa are top buys in packaging, says Jefferies
10th Oct 2014 11:58
Higher prices and favourable exchange rates may lead to higher 2015 forecasts for European paper and packaging makers, according to broker Jefferies International. Positive container-board pricing momentum and a stronger dollar versus the euro may prompt brokers to upgrade their profit predict
Read moreCinven entity disposes of 7.0m shares in Smurfit Kappa
23rd Jan 2013 09:39
Cinven SK Feeder GP disposed of its entire shareholding in paper-based packaging company Smurfit Kappa on Tuesday, an announcement issued on Wednesday disclosed. Prior to the disposal, the entity had owned 7.4m shares in the company. Smurfit Kappa has a market capitalisation of more than £2.0bn an
Read moreSenior management at Media Corp show support for new advertising service
7th Nov 2012 16:07
The Interim Chief Executive Officer and the Chairman of digital advertising network and online gaming group Media Corporation have boosted their respective stakes in the company following the launch of its Mobile Digital and Social Network advertising service. Adam Fraser-Harris, the group's Inter
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