Smith (DS) Shares News & Articles

Market report: FTSE 100 flat as Paddy Power Betfair unveils Flutter name change, Just Eat, Legal & General drag

The FTSE 100 was yesterday one of the few winners across major Western indices but it is unable to build on its early-March rebound in early trade on Wednesday, with several company results failing to impress investors. Large cap companies including insurer Legal & General (LGEN) and bookmaker Paddy Power Betfair (PPB) offset gains elsewhere with the UK’s leading index trading roughly ...

Market report: Housebuilders gain on Galliford update, Dunelm lifted by strong like-for-likes

UK stocks head higher in tune with European markets on Wednesday, the FTSE 100 adding 0.3% to 7,157 to close in on recent highs, although traders have one eye on the pound after the consumer price index dropped below 2% for the first time in a year. Leading the gainers is packaging firm DS Smith (SMDS) with shares up 4% to 349p following strong results from rival Smurfitt Kappa (SKG) which is ...

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 ...

Market report: FTSE 100 plunges to two-year low on US slowdown fears, DS Smith continues slide

UK stocks fall in line with continental Europe and US index futures as worries over the strength of the US economy begin to weigh on sentiment. In early trade the FTSE 100 index gives up almost 2% to 6,792.10, a new two-year low, while the FTSE 250 gives up 1.5% to a low for the year of 17,995 points. Tomorrow sees the release of three closely-watched indicators of the health of the US economy ...

Market report: Insurer Hiscox battered by claims, tech guru Micro Focus extends buyback

Markets get off to a slow start on Monday with the FTSE100 losing 0.3% to 7,094 points and US futures down a similar amount after losses in Asia on escalating trade concerns. Shares in insurer Hiscox (HSX) retreat 7% to £15.32 after the company reports third-quarter results which include $125m of provisions for catastrophe losses. It also notes that claims have extended into October. As ...

Market report: WPP growth slump shows scale of job for new boss, DS Smith and Redrow upbeat

Shares in the world's biggest advertising agency WPP (WPP) plunge more than 7% to £11.88 in early trade on Tuesday, heading the FTSE 100 loser board, after posting lower revenues in its first half results. The group, which confirmed Mark Read as its new chief executive yesterday, also raised its sales expectations for the full year, not that investors are giving it much credit for doing ...

Three reasons why DS Smith’s share price fails to rally on strong financial results

Packaging company DS Smith (SMDS) has reported a 21% jump in full year adjusted pre-tax profit to £473m with the figures bolstered by acquisitions and recovering paper prices. These figures do however strip out a slew of implied one-off costs relating to acquisitions and restructuring. It also adds back £93m of amortisation non-cash charges. Including all of these costs puts pre-tax ...
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