Packaging giant DS Smith sees profit tumble but e-commerce boom beckons June 22, 2021 Packaging giant DS Smith saw its profit slide in the last financial year as the boom in online shopping failed to offset the initial impacts of the Covid-19 pandemic. Despite record growth in the second half of the year, the cardboard maker said that profit before tax fell 37 per cent to £231m last year. Full-year revenue [...]
Mark Kleinman: Thames Water crisis drains confidence in privatised sector April 4, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column. This week he tackles Thames Water
DS Smith’s profit drops 54 per cent despite lockdown shopping surge in UK December 10, 2020 Cardboard manufacturer, DS Smith, will resume dividend payments despite a 54 per cent drop in profits in the six months to 31 October.
Here are the top five stocks on the FTSE 100 this year March 30, 2024 As the first quarter of 2024 comes to an end, City A.M. looks at the top five best-performing stocks on the FTSE 100 so far this year.
Packaging firm DS Smith on track as Covid-19 drives ecommerce growth September 8, 2020 Packaging group DS Smith today reported trading in line with expectations as growth in its ecommerce business offset the impact of coronavirus. The FTSE 100-listed company said its like-for-like corrugated box volume performance had improved since the outbreak of the virus and had seen a return to positive group. The firm added that its fast-moving [...]
DS Smith profit strengthened by e-commerce demand during lockdown July 2, 2020 Packaging supplier DS Smith has said a strong demand in ecommerce, as well as a growing environmental awareness, helped full year-profit inch up five per cent. The figures DS Smith reported full-year revenues of £6.04bn, down from £6.17bn in the year before. The coronavirus crisis has dented revenues by approximately £15m in the final two [...]
Keysight outbids Viavi in £1.15bn takeover of Spirent Communications March 28, 2024 An American company has invaded a £1bn agreed takeover deal Spirent Communications, in a shock move which will see another firm taken off the London market.
Dealmakers limber up in London as ‘FOMO’ takes hold April 6, 2024 Dealmakers are limbering up for an offensive in London after a wave of new firms fell into the sights of buyers in the opening months of the year and “FOMO” grips the market, top City advisors have said.
Churchill’s grandson and Serco chief named new chair of Smith & Nephew February 17, 2023 The grandson of Sir Winston Churchill and chief executive of Serco has been unveiled as the new chair of 167-year-old medical tech firm Smith & Nephew. Rupert Soames will assume the position at the London-listed company following the retirement of Roberto Quarta, the firm announced. He will take the reins in late September, after joining [...]
Neighbourhood watch: Keeping a close eye on the London Stock Exchange February 6, 2024 In the last couple of years, London's exchanges - particularly the flagship bourse, the London Stock Exchange - have been under scrutiny like never before.