DS Smith acquires Duropack, performance in line with expectations
23rd Feb 2015 08:59
Packaging group DS Smith said on Monday it intends to buy Duropack, a recycled corrugated board packaging business for €300m. The acquisition is being funded from existing debt facilities and will expand the group's geographic footprint in South Eastern Europe. The group expects to secure the deal d
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 moreBroker tips: DS Smith, Taylor Wimpey, Acacia Mining
8th Dec 2014 12:01
UBS has lifted its target price for packaging group DS Smith from 340p to 355p and reiterated a 'buy' rating after the company's strong first-half results, saying it sees the potential for more deals in the future. "DS Smith delivered an impressive performance during H1 with robust volume growth bei
Read moreUBS highlights further M&A opportunities for DS Smith
8th Dec 2014 11:09
UBS has lifted its target price for packaging group DS Smith from 340p to 355p and reiterated a 'buy' rating after the company's strong first-half results, saying it sees the potential for more deals in the future. "DS Smith delivered an impressive performance during H1 with robust volume growth bei
Read moreDS Smith directors buy shares after strong H1 results
5th Dec 2014 14:38
Two directors at DS Smith bought stakes in the group one day after the packaging manufacturer said its "differentiated commercial offering" drove strong half-year results. The non-executive directors, Kathleen O'Donovan and Louise Smalley, acquired 10,471 and 14,615 shares respectively at a price of
Read moreFriday tips round-up: DS Smith, BTG
5th Dec 2014 11:55
Specialist packaging manufacturer DS Smith has proven adept at growing with its clients, acquiring rivals and moving into new niches and geographies. That has seen the company transformed from a maker of paper into a manufacturer of higher-margin specialist packaging. A case in point is the recent a
Read moreLondon midday: UK stocks rangebound ahead of ECB policy decision
4th Dec 2014 11:40
UK stocks were trading within a narrow range on Thursday as investors refrained from taking on too much risk ahead of the European Central Bank (ECB) policy meeting, which has the potential to spark volatility across financial markets worldwide. The FTSE 100 was trading just 0.03% higher at 6,719 by
Read moreDS Smith H1 profit soars 45%
4th Dec 2014 08:57
Packaging company DS Smith's pre-tax profit soared 45% in the first half of 2014, courtesy of strong performances across the board. Pre-tax profit for the six months ended 31 October was £123m, up from £85m in the corresponding period a year ago. The firm, which attributed the growth in profit to l
Read moreDS Smith says first half in line as it announces acquisition of Spain's Andopack
6th Nov 2014 09:58
Recycled packing company DS Smith announced the acquisition of Andopack as it reported that the group performance remained in line with expectations in the first half. The company said the acquisition of Andopack, a Spanish corrugated board producer, gives the group a direct market position in the n
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
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 moreLondon close: Stocks end slightly off ahead of Fed
17th Sep 2014 16:50
An injection of liquidity into Chinese banks failed to lift UK stocks on Wednesday, as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 finished the session lower by 0.17% at 6,780.19, down from the 6,792.24 seen on Tuesday, its lowest close since 22 Augus
Read moreLondon midday: Miners lead UK stocks higher as investors await FOMC
17th Sep 2014 11:46
Stimulus measures in China helped UK stocks higher on Wednesday with the heavyweight mining sector on the rise, though gains were limited as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 was trading up 0.15% at 6,803 by midday after settling at 6,792.24
Read moreLondon open: Stocks edge higher ahead of FOMC, BoE minutes
17th Sep 2014 08:20
UK stocks edged higher on Wednesday morning after a positive session on Wall Street, though gains were only modest ahead of the hotly-anticipated Federal Open Market Committee (FOMC) statement and Bank of England minutes. London's FTSE 100 was trading 0.2% higher at 6,805 in early deals, after settl
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