Packaging company Smurfit Kappa posts loss after Venezuelan arm seized by Maduro government February 13, 2019 Packaging company Smurfit Kappa posted heavy losses after its Venezuelan business was seized by President Nicolas Maduro’s regime but boosted profits elsewhere. The company reported pre-tax losses of €404m in 2018 compared with a profit of €576m the previous year – it said the deconsolidation cost €1.3bn but it was seeking compensation for the government’s [...]
FTSE 100 breaks 6,000 and US stocks rise amid economic optimism August 3, 2020 The FTSE 100 rose sharply, surpassing 6,000 points, as investors looked past rising coronavirus cases and cheered positive economic data. London’s blue-chip index was 2.2 per cent higher in afternoon trading at 6,028 points. The mid-cap FTSE 250 was up 1.2 per cent. Read more: HSBC profit plummets due to coronavirus pandemic On Wall Street, [...]
Top City investors urge UK firms to pay living wage November 28, 2019 Some of the City’s biggest investors have written to the chief executives of companies including Just Eat, British Airways, and Royal Mail urging them to pay the so-called real living wage. The letter, published today, outlines a growing business case for the living wage, arguing that it can boost productivity, reduce staff turnover and improve [...]
FTSE 100 round up: Smurfit Kappa, Kingfisher, Whitbread, BT Group and Mediclinic among biggest risers May 25, 2018 The FTSE 100 closed up 20 points today on 7,737 after a late rally. That marked a slight fall on last week when the market closed on 7,778 points. The biggest risers were paper giant Smurfit Kappa, Telecoms company BT, B&Q owner Kingfisher, hospitality company Whitbread and hospital group Mediclinic, which all added at least [...]
Cardboard company Smurfit Kappa completes €460m deal as it attempts to defend itself from an €8.9bn takeover May 24, 2018 Cardboard packaging company Smurfit Kappa, which is currently the target of one of the biggest live takeover bids in the FTSE 100, beefed up yesterday with its own €460m (£403m) deal. Smurfit announced it had agreed to acquire Reparenco, a paper business in the Netherlands which owns a 675,000 tonne capacity mill. This comes as [...]
Smurfit Kappa share price rises after telling shareholders to “take no action” March 7, 2018 Paper packaging giant Smurfit Kappa today urged its shareholders “to take no action” after rejecting a €8.6bn (£7.7bn) hostile takeover approach from rival International Paper. Shares in the Dublin-based FTSE 100 firm rose around three per cent this morning after surging a fifth yesterday. Smurfit announced International Paper’s approach on Tuesday morning, rejecting what it [...]
Sterling sinks after ‘simply shocking’ UK manufacturing data September 2, 2019 Sterling plummeted against the euro and the dollar in response to weak UK manufacturing data as economists warned “there is no clarity whatsoever” surround Brexit. Markets panicked as figures showed output from the UK manufacturing sector sank to a seven-year low in August, sending the pound down against major currencies. Read more: UK manufacturing output [...]
Smurfit Kappa share price rises as it rejects takeover approach from International Paper March 6, 2018 Paper and box maker Smurfit Kappa has rejected a takeover approach from a rival company which it called “unsolicited and highly opportunistic”. Shares in the company were up 18.4 per cent at 3,010p in early trading. US-based International Paper made a proposal to acquire the company, with shareholders receiving a combination of cash and a [...]
Housebuilders lead the way as FTSE climbs to four-week highs January 9, 2019 The FTSE 100 has climbed one per cent in early trading as US-China trade talks and a housebuilder boost continued the index’s bright start to the year. The blue chip index has now risen 2.6 per cent so far this year as the third day of trade negotiations between the world’s two largest economies further [...]
FTSE risers and fallers: Housebuilders climb on reports of Brexit delay January 11, 2019 Brexit sensitive housebuilders were the biggest risers in the FTSE 100 today after it was reported that the deadline for the UK’s departure from the European Union could be extended. Taylor Wimpey, Persimmon and Barrett Development took the top spots in the FTSE 100 today after it was revealed that a backlog of six essential bills, [...]