Mondi Shares News & Articles

The little-known US trick that is playing into UK-listed packing firm’s hands

It’s a predictably quiet Friday for UK stock market company news yet UK packaging firm Smurfitt Kappa (SKG) is one of the FTSE 100’s biggest risers despite having nothing new to tell investors. Shares in the £5.2bn-plus company are up well over 2% at £22.54. UK listed peers DS Smith (SMDS) and Mondi (MNDI) are also seeing demand from investors with the share prices of both also positive ...

Mondi, a company you may have never heard of, is leading the FTSE 100 higher, read what it is and why it’s soaring

Most FTSE 100 companies feel very familiar to investors and ordinary Brits. Try and find someone who hasn’t shopped in Tesco [TSCO), taken a call from a Vodafone (VOD) mobile or hasn’t strolled past a branch of Lloyds (LLOY). Yet it is the lesser-known Mondi (MNDI) that is leading the UK’s blue-chip index higher today, shares in the business rallying 6% in morning trade on Friday to ...

Market report: Dividend resumption boosts RBS, Pets at Home sets investors purring

Although the momentum of the blue-chip benchmark has stalled since it hit new record highs in late May, London’s FTSE 100 recovers some of yesterday’s losses early on, ticking 39 points higher to 7,615. In corporate news, Royal Bank of Scotland (RBS) rises 3.1% to 257.8p as half year results not only reveal adjusted profitability comfortably ahead of consensus forecasts, but the bank also ...

Shares in packaging companies jump after FTSE 100 player Smurfit Kappa receives takeover bid

Shares in packaging companies have jumped up after FTSE 100 sector constituent Smurfit Kappa (SKG) received a surprise takeover approach from US-based International Paper. No details were given as to the value of the approach. Takeover bids are often priced at least 20% above the market price before an approach, to give an incentive for shareholders to accept an offer. Investec analyst ...
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