Computacenter joins FTSE 100 in reshuffle as index builds tech exposure Markets The latest quarterly reshuffle of the FTSE 100 has seen Computacenter, Investec and Aberdeen promoted to the top-tier index of the City’s most valuable companies, bringing a constituent with some direct exposure to the artificial intelligence boom to the City’s most famous benchmark. Computacenter’s rise from the FTSE 250 to blue-chip status looks somewhat like [...]
Mondi shares slump over Iran war cost warning Markets Shares in paper and packaging giant Mondi have slumped after the firm revealed it is facing soaring costs as a result of the Iran war. The FTSE 100 firm saw its share price drop by more than six per cent in early trading, as it warned it has already faced higher energy, raw material and [...]
Mondi unpacks jump in revenue as firm looks to make up ground Business Things are looking up for sustainable packaging giant Mondi as its shares jumped by almost 15 per cent in early deals this morning after the company published its results for the six months to June 30.
Spurned DS Smith bidder Mondi battles lower selling prices May 3, 2024 Packaging and paper Mondi has reported that it has entered the year with lower selling prices, with the blame on the devaluation of the Egyptian pound
International Paper beats Mondi offer in DS Smith bidding war April 16, 2024 Under the terms of the deal, DS Smith shareholders will receive 0.1285 International Paper shares.
DS Smith suitor pledges London Stock Exchange listing and headquarters in the City April 4, 2024 The US paper firm vying to snap up box-maker DS Smith has said it will look for a secondary listing in London and retain a base in the City if it is successful in buying the firm.
City set for takeover battle as rivals enter bidding for DS Smith March 27, 2024 A US-listed paper producer has thrown a spanner into the works of Mondi's takeover of DS Smith, with a potential £5bn-plus bid of its own.
Mega-merger on the way as Mondi set to buy UK rival DS Smith for £5.1bn March 8, 2024 Mondi is set to buy its smaller rival DS Smith for £5.1bn, the firms revealed in a stock exchange announcement. The deal, which had been rumoured since last month, saw Amazon packaging giant DS Smith’s shares jump 11 per cent on the day. Now, the two firms confirmed the agreement for a possible takeover, which [...]
DS Smith shares soar: Amazon cardboard provider could be one half of biggest City deal in years February 8, 2024 Should it come to pass it would be another major tie-up between London-listed operations, with housebuilders Barratt and Redrow looking to turn two listed firms into one.
London-listed Mondi leaves Russia after agreeing to sell biggest paper mill September 18, 2023 UK paper and packaging giant Mondi has agreed to sell its largest Russian plant for around 775 million euros (£668 million) to a Moscow-based property development group. Mondi’s share price jumped by nearly five per cent on Monday morning after it unveiled the deal involving Syktyvkar, its last remaining plant in Russia and the country’s [...]