Friday newspaper share tips: DS Smith a share to keep
4th Dec 2015 11:07
(ShareCast News) - DS Smith is being unpacked by the papers in Friday's share tips. The FTSE 250 packaging group posted a drop in first half pre-tax profit and revenue as the packaging company took a hit from restructuring costs. For the six months to the end of October, pre-tax profit fell 26% to
Read moreDS Smith interim profit drops on restructuring costs
3rd Dec 2015 07:49
(ShareCast News) - DS Smith posted a drop in first half pre-tax profit and revenue as the packaging company took a hit from restructuring costs. For the six months to the end of October, pre-tax profit fell 26% to £91m as the group booked £48m of exceptional costs, namely related to the closure of i
Read moreLondon close: Stocks drop as third quarter UK GDP slows more than forecast
27th Oct 2015 16:48
(ShareCast News) - London stocks finished on the back foot on Tuesday after a worse-than-forecast slowdown in third quarter UK economic growth. UK gross domestic product rose 0.5% in the third quarter compared to 0.7% in the second quarter, well below estimates for a 0.6% increase, the Office for Na
Read moreFTSE 250 movers: Oil producers on the slide as prices crash; TalkTalk reconnects with investors
27th Oct 2015 14:26
(ShareCast News) - The FTSE 250 was down 0.57% as oil companies continued to feel the pain of the impact of lower prices on the bottom line. With FTSE 100 index heavweight BP reporting a slump in profits, oil and gas producers in the midcap index fell sharply in sympathy as they prepare for a long p
Read moreDS Smith first-half trading in line
27th Oct 2015 07:38
(ShareCast News) - Packaging group DS Smith said trading for the half year ending 31 October has been in line with its expectations, with good volume growth, while margins, return on average capital employed and earnings per share continue to show strong growth. The company said it continues to acti
Read moreDS Smith acquires Greek sector peer
14th Oct 2015 08:01
(ShareCast News) - Recycled corrugated packing provider DS Smith has completed the acquisition of Greek sector peer Cukurova Group. The FTSE 250 group said the newly-acquired business is a market leader in Greece with a turnover of €80m from three production facilities and the transaction is expecte
Read moreDS Smith completes Iberian purchase
3rd Aug 2015 08:56
(ShareCast News) - Packaging producer DS Smith said it completed the €190m purchase of Iberian corrugated producer Grupo Lantero. Shares in the FTSE 250 stock were up 0.2% to 400.6p at 0801 BST. DS Smith, which operates across 34 countries, said the purchase takes its market share in corrugated pa
Read moreLondon close: Stocks snap five-day winning streak as Greek hopes fade
25th Jun 2015 17:12
UK stock markets finished in the red for the first time in six days on Thursday after another Eurogroup meeting failed to result in a deal for Greece, leaving Athens one step closer to defaulting on its debts. The FTSE 100, which had hit a high of 6,869.04 in morning trade, settled 36.98 points lowe
Read moreFTSE 250 movers: Petrofac boosted by upgrade, DS Smith higher on profit growth
25th Jun 2015 13:30
Mid caps inched higher on Thursday, as losses posted by construction, mining and engineering stocks were eclipsed by gains in the technology and real estate sectors. As of 15:00 BST, the FTSE 250 was trading 0.15% higher at 17,950. Petrofac topped the risers after Nomura upgraded the stock to 'buy'
Read moreLondon midday: Stocks inch higher as Greek crisis comes down to the wire
25th Jun 2015 11:30
UK stock markets swung into positive territory on Thursday though gains were only modest as investors awaited further news on the Greek debt crisis, after creditors issued an ultimatum to Prime Minister Alexis Tsipras. As negotiations over the next tranche of bailout aid come down to the wire, lende
Read moreLondon open: Stocks snap winning streak as Greek hopes fade
25th Jun 2015 08:36
UK stocks snapped a five-day winning streak on Thursday morning as hopes for an overnight Greek debt deal were dashed, with Athens and its creditors failing to come to an agreement. The FTSE 100 was trading 0.21% lower at 6,830.50 early on. Greece remained "firm on its position", according to a Gre
Read moreDS Smith gains after posting 20% rise in full-year profit and announcing Spanish acquisition
25th Jun 2015 07:35
Shares in recycled packing maker DS Smith rose 2.6% on Thursday after it posted a 20% rise in full-year pre-tax profit and announced an agreement to acquire the corrugated activities of Grupo Lantero, including several operations in which it currently has a minority holding. Pre-tax profit for the 1
Read moreThursday preview: Investors await US data, Greek summit
24th Jun 2015 14:44
While everyone will be keeping one eye on Greece on Thursday, data from the US released during the session will likely garner some attention. The latest numbers on filings for unemployment benefits and are expected to have remained close to levels not seen 2000 last week. Jobless claims are forecast
Read moreDS Smith maiden results to be in line with expectations
6th May 2015 08:32
DS Smith said its full-year performance has been in line with expectations thanks to a stronger second-half. The packaging business added that despite economic headwinds in many of its markets, the business enjoyed a return on sales and capital due to an increase in products and services, operationa
Read moreFTSE 250 movers: Ladbrokes hit by job cuts, DS Smith boosted by Duropack acquisition
23rd Feb 2015 16:33
Ladbrokes topped the fallers after it was reported on Sunday the company would be announcing the closure of roughly 50 betting shops due to the challenge of tax rises and regulation. The company is expected to outline the plans at its full-year results presentation on Thursday. Premier Oil was lower
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