DS Smith upbeat following French acquisition
6th Sep 2011 07:10
Recycled packaging and office products provider DS Smith said trading since 30 April 2011 has been good after a strong contribution from its French acquisition Otor, a maker of corrugated packaging. Like-for-like volumes in corrugated packaging rose 3% in the last four months, in line with company
Read moreDS Smith sells office products division
6th Jul 2011 08:28
DS Smith, the recycled packaging specialist, has agreed a sale of its Spicers division, which sells office products in the UK and Europe, to Spanish stationers Unipapel for £200m. Following the announcement by DS Smith, Better Capital, in a separate press release, said the BECAP Fund has agreed to
Read moreFTSE 250 movers: Imagination continues to weigh on sentiment
23rd Jun 2011 15:39
Imagination Technologies dragged the FTSE 250 index lower for the second consecutive day after reporting lower-than-expected full year sales, offsetting the stellar performance by recycled packaging firm DS Smith. DS Smith reported 86% jump in pre-tax profits, overcoming a sharp rise in input cos
Read moreLondon midday: Trichet comments heap more gloom
23rd Jun 2011 12:19
Gloomy comments from European Central Bank (ECB) President Jean-Claude Trichet have sent stocks further into the red. Trichet warned that the Greek debt crisis threatens to infect banks. Recycled packaging firm DS Smith is in demand after it overcame a sharp rise in input costs to grow pre-tax pr
Read moreLondon open: Stocks slip after Bernanke caution
23rd Jun 2011 08:32
Shares are in the red after the US Federal Reserve's more cautious stance last night on the growth prospects of the world's biggest economy. Asset manager The Carlyle Group is to buy roadside assistance provider RAC from insurance giant Aviva, a riser today, for one billion pounds. The transaction
Read moreLondon pre-open: Fed casts a shadow
23rd Jun 2011 07:34
The Federal Reserve's more cautious stance on the growth prospects of the US economy is having a knock-on effect in London, where stocks are expected to open lower. The Fed is now projecting growth of 2.7% to 2.9% for the US economy this year, having previously indicated it expected growth of betwe
Read moreConfident DS Smith hikes divi by 41.3%
23rd Jun 2011 07:05
Recycled packaging firm DS Smith overcame a sharp rise in input costs to grow pre-tax profits by 86% last year. Profit before tax in the year to 30 April rose to £102.2m from £55.0m the year before, on sales that rose 19.5% t £2,474.5m from £2,070.6m. With the effects of the recent acquisition of
Read moreTuesday tips round-up: e2v, Workspace, DS Smith...
7th Jun 2011 06:43
e2v technologies is a maker of specialist technology for high-performance systems that was spun out of the old Marconi business by its management when Marconi collapsed in 2002. It is one of the Tempus tips for 2011, and one of the best-performing. The shares were tipped at 91p on January 1; they
Read moreThursday tips round-up: Hogg Robinson, BTG, Aveva
26th May 2011 06:42
Business travel is one of the first to be hit by any economic downturn, as less business means less travel. Hogg Robinson took immediate action when the crunch came, cutting its cost base by 20%. A final dividend of 1p makes a total up by a quarter to 1½p, well covered, giving a historic yield of ab
Read moreLondon close: Shares soar as updates impress
20th Apr 2011 16:47
Optimism returned to the markets in a big way Wednesday as corporate results in the UK and overseas suggested global economic recovery is underway. The FTSE 100 stormed back above 6,000 points. Chip groups ARM Holdings and Imagination Technologies were strong performers after a bullish update from
Read moreFTSE 250 movers: DS Smith lifted higher after update
20th Apr 2011 13:19
Recycled packaging group DS Smith is the top of the bunch today after saying that the year ending 30 April is progressing 'in line' with good improvements in return on sales and "significant" earnings growth, as the group has been able to tackle rising input costs. Home products retailer Home Reta
Read moreLondon midday: FTSE 100 storms past 6,000
20th Apr 2011 12:03
The top share index has soared back above the 6,000 point mark, with some well-received corporate news here and overseas whetting traders' appetites. ARM Holdings is leading the FTSE 100 higher after a strong update from its US peer Intel, while miners move ahead as metals prices advance. Antofagas
Read moreDS Smith tackles rising costs
20th Apr 2011 09:45
Recycled packaging group DS Smith says that the year ending 30 April is progressing 'in line' with good improvements in return on sales and "significant" earnings growth, as the group has been able to tackle rising input costs. "While we have seen the anticipated further input cost increases come t
Read moreWife of outgoing FD sells British Land shares
14th Mar 2011 17:19
Diane Roberts, the wife of British Land finance director Graham Roberts, has raised more than £1m by selling more than three-quarters of the couple's stake in the property investor. She sold 191,780 shares at 562.8p each, which raised £1.08m. The couple are left with 50,464 shares in British Land.
Read moreInput costs a concern for DS Smith
10th Mar 2011 07:56
DS Smith, which supplies recycled packaging for consumer goods, said trading has been good since 31 October, though rising input costs are a concern. The packaging business has seen revenue growth of 27% in the UK and 23% in Europe. "This has been driven both by volume growth and consistent recove
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