Mike Ashley’s Sports Direct on track for FTSE 100 promotion September 8, 2013 THE FTSE 100 is set to become a more colourful place this week with Sports Direct – controlled by Newcastle United owner Mike Ashley – on track for promotion to Britain’s leading share index. Many pension funds that track the FTSE 100 will then be obliged to buy shares in the company, which has both [...]
Mondi sees trading improve February 12, 2013 Paper manufacturer Mondi said yesterday its fourth quarter trading was ahead of both the previous quarter and the same period last year, but that the recent strong performance could not offset weaker trading earlier in the year. It also warned that its underlying operating profit for the full 2012 year was expected to be below [...]
Mondi posts flat profits October 31, 2012 South African paper and packaging producer Mondi yesterday posted flat profits year on year. In the three months to September, underlying profit came in at €135m (£109m), down slightly from €136m over the same period last year, which the firm blamed on weaker demand over the summer months. Mondi added that price increases in the [...]
Mondi warns of Europe weakness August 7, 2012 South African paper maker Mondi revealed a 21 per cent drop in first-half earnings yesterday and warned of weak demand in Europe. Underlying operating profit fell to €269m (£214m) from €354m last year.
LONDON WEEK AHEAD August 5, 2012 UK economics will be in the sspotlight this week, with the rrelease of the Bank of England inflation report, UK Trade Balance, the Producer Price Index and BRC Retail Sales Monitor. Results are expected today from Catlin Group, Morgan Sindall and Telecity Group, while in the US Chesapeake Energy is set to reveal figures. EasyJet [...]
Mondi in $782m Nordenia deal July 11, 2012 South Africa’s Mondi Group said yesterday it will buy German packaging firm Nordenia International from Oaktree Capital, in a $782m (£502m) deal that will give the paper maker a bigger presence in consumer packaging. Mondi will buy 93.4 per cent of Nordenia from private equity firm Oaktree and other minority shareholders in a cash and [...]
Mondi reports weaker quarter May 3, 2012 ■ South African papermaker Mondi yesterday posted a drop in first-quarter underlying operating profit due to lower prices and volumes, but said demand for its products was picking up. Mondi, also listed in London, said first-quarter underlying operating profit fell to €120m, (£97.5m) compared with €179m last year.
Aberdeen edges closer to FTSE 100 promotion as quarterly review nears March 1, 2012 ABERDEEN Asset Management could yet be promoted to the FTSE 100 for the first time in next Wednesday’s index reshuffle, after its shares recovered from a five per cent drubbing earlier in the week. Aberdeen had already fallen 3.5 per cent in the week to Wednesday, when news broke that Credit Suisse was selling some [...]
Mondi seen sweetening £237m bid for Polish unit February 16, 2012 SHARES in Polish paper maker Mondi Swiecie climbed above an offer price from its South African parent yesterday, as investors bet Mondi would have to sweeten its £237m buy-out bid. The South African paper maker owns two-thirds of Mondi Swiecie, and offered 69 zlotys (£13.60) per share for the remaining 34 per cent of the [...]
Mondi eyes more cost cuts October 31, 2011 Paper maker Mondi said yesterday it plans more cost cuts as the sector struggles to recover from a slump caused by weak demand and overcapacity, exacerbated by a slowdown in the global economy. Mondi, which also said its third-quarter underlying profit was higher than a year earlier, added that the weak economy was putting moderate [...]