Company
Essentra PLC
LON:ESNT
Essentra is a leading international supplier of specialist plastic, fibre, foam and packaging products with three Strategic Business Units: Component Solutions, Health & Personal Care Packaging and Filtration Products. Every day we produce and distribute millions of small but essential components. Our products may not be noticeable – or even recognisable – but wherever you are, our business is all around you. Our international network extends to 33 countries and includes 53 principal manufacturing facilities, 64 sales and distribution operations and 5 research & development centres.
63 stories
Essentra sees full year in line after ‘strong’ first half
The components maker upped its dividend by 15% to 2.3p
Essentra to sell its packaging businesses for £312mln
The sale was previously announced in a strategic review, to help the firm "become a pure play Components business," with the transaction subject to various conditions including a shareholder vote for Essentra
Essentra edges higher on strong start to year
The components maker swung to an annual profit of £28mln for 2021, recovering from a loss of £2mln
Essentra begins review of packaging division as part of strategic slimdown
Reviews of both the unwanted divisions are seen as likely to be concluded by the end of June at the earliest
Essentra jumps on plan to become pure play components business, Q3 sales grow over 5%
As a first step in the new strategy, the group will review all options for its filters division
NatWest Group results should show benefit from robust mortgage market
IAG and NatWest are the big beasties reporting on Friday, except one is expected to be more of a "wee sleekit, cow'rin, tim'rous beastie" with "more panic in its breastie" than the other
Essentra to close sites in components, packaging divisions to save cash
Sales are recovering but were still down 1% in the fourth quarter
Essentra expects continued revenue progress in final three months of the year
The FTSE 250 firm said expectations for the year to December 31 2020, remain unchanged
Essentra is faring better than feared - Jefferies
Essentra in August said full-year results are expected to be in line with current consensus expectations.
Essentra vows to go carbon neutral by 2040, expects slow short-term recovery
The manufacturer said full-year revenue and adjusted operating profit are going to be around the current consensus
Essentra fined by US over North Korea transgressions
None of the transactions were approved or known by senior management outside of the UAE
Essentra sees slow recovery but expects continued disruption
The third quarter is estimated to see a 10% drop in revenue
Essentra inks “game changer” joint venture to set up cigarette filter firm in China
The FTSE 250 firm will own 49% of the new company, which will produce filters at a new facility in the port city of Xiamen in South East China
Essentra blames Brexit as LFL revenues slip in third quarter
The maker of bespoke plastic and fibre products said like-for-like revenues for the three months fell 2.9%, or 0.6% on an underlying basis
Essentra shows improved profitability, details ‘no deal’ Brexit preparations
Versus H1 2018 Essentra’s financial performance showed notably improvement, though its outlook statement cautioned over the ‘macro-environment’ which is expected to impact its components business.
Archive
FTSE 100 closes sharply lower as US jobs fail to inspire; RBS top laggard
"The [jobs] report will more than likely be brushed aside as Fed Chair Powell and US President Trump continue to clash horns in a power struggle," said Nick Kilbey, a sales trader at Foenix Partners
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RBS update to follow banking rivals amid 'challenging' market, while BT first quarter 'should be ok'
An update is also scheduled from British Airways owner IAG
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Week ahead preview: Lloyds, Barclays, RBS, BT Group, BoE and US Fed
It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
Essentra peels off speciality tapes business in US$77mln deal
The FTSE 250 firm said the funds from the all-cash deal would be used to further strengthen its balance sheet
Essentra makes another disposal from specialist components division
The Extrusion business contributed operating profit of £1.2mln to the group in 2018 and was sold for a value of £14.4mln
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United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
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Still no opportunities to sell in May, with Royal Mail and M&S set to deliver updates
The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
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FTSE 100 closes in red as China manufacturing data sends chill
The UK's premier share index shed over 22 points at 7,418, while the FTSE 250 shed over 86 points at 19,824
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Impressive first quarter performance needed from oil giant BP after recent share price rally
The Day Ahead also brings updates from the likes of blue-chip lender Standard Chartered, Premier Inn owner Whitbread and pubs group Greene King
Essentra ticks up as profits improve despite flat revenues in 2018
The FTSE 250 group reported an adjusted pre-tax profit from continuing operations of £80mln, up 8% on the prior year, while revenues had stayed flat at around £1.02bn
FTSE 100 closes down on week but higher on Friday as trader optimism returns
Footsie closed the day 32 points up, or 0.45% at 7,106
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City set for surprisingly busy Friday with WPP, Rightmove and William Hill all due up
Fridays are normally quiet affairs in the City, but not this week…
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Hotchpotch of blue-chip results set to flow in coming week from likes of Rolls-Royce, ITV, WPP
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Essentra's third quarter statement a bit of a curate's egg
For the first nine months of 2018, the businesses Essentra is looking to exit made an operating loss of around £1mln. The closures would result in an exceptional charge in the second half of 2018 of about £12mln, of which roughly £4mln woul
FTSE 100 closes ahead as US earnings season gets off to strong start
The UK blue-chip index closed up almost 23 points at 7,049 - up around 0.77% on the week as a whole
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Provident Financial Group to be among Friday’s few likely corporate highlights
Aside from the FTSE 250-listed home credit firm, blue chips InterContinental Hotels and London Stock Exchange will also issue third-quarter trading updates on Friday
Essentra returns to profits growth
The troublesome packaging business has "turned a corner", according to the chief executive, Paul Forman
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FTSE 100 closes higher as positive US jobs report boosts sentiment
Footsie closed the day up over 83 points at 7,659, but over the week as a whole it was down 0.54%
Investments and investor services
RBS in the spotlight in wake of govt stake sale
Both Royal Bank of Scotland and British Airways owner IAG release interims on Friday.
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Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Essentra pays around £4.9mln in cash for Swedish plastic components maker Nolato Hertila
Hertila which distributes and manufactures caps, plugs, and other plastic components, generated revenue of Skr39.9mln (around £3.4mln) for the year ended 31 December 2017
Essentra finance director steps down as company repeats full year guidance
Essentra reported a 2% increase in like-for-like revenue for the year-to-date with strong growth in the components business offsetting a decline in the packaging unit
Essentra narrows 2017 loss and reports rise in revenue as it restructures the business
The company expects a return to like-for-like revenue and margin growth in 2018
Investments and investor services
FTSE 100 suffers triple-digit fall as investors fret over a trade war coinciding with Brexit
Fears of a trade war have rattled investors, with minerals companies particularly hard hit
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LSE to report rise in profits but faces questions over future leadership after CEO's departure
The day ahead includes full year results from the London Stock Exchange, Mondi, Spire Healthcare and IMI
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Housebuliders step up to the podium in busy week of corporate earnings
The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP
Essentra expands components unit with acquisition of US-based Micro Plastics
Essentra said the deal will be immediately earnings enhancing
Essentra says facilities affected by Hurricane Maria, sees profit impact from previous storms
The group said that there are "significant impediments" to resuming manufacturing activity and it estimated the financial impact on the company to be in the range of £500,000 to £750,000 per week
FTSE 100 fagged out as US Food and Drug Administration targets nicotine levels in cigarettes
Despite the beating meted out to IMPs and BATs, the Footsie rallied in the last half hour to trim its heavy losses
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Day ahead: Debenhams, Unilever and Sky results in focus
Debenhams, Unilever and Sky are set to take centre stage with their latest results on Thursday
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Primark to keep the ball rolling nicely at Associated British Foods
Week ahead; Associated British Foods , Sky , Unilever Burberry, Reckitt Benckiser...
Essentra rallies as Deutsche Bank sees recovery and upgrades rating to 'buy'
Deutsche Bank sees recovery in Essentra under new chief executive Paul Formal following several profit warnings
Investments and investor services
FTSE shares fall led by HSBC earnings disappointment
FTSE 100 shares were dragged lower by banks such as HSBC and RBS on Tuesday
Metal Tiger runs into profit-taking; Brave Bison downed by warning
The main risers and fallers around 2.45pm included Brave Bison, Metal Tiger, PCG, Entertainment ...
Essentra slumps on profit warning as it reports decline in 2016 earnings
Essentra has warned that full year revenue in the current fiscal year will decline as it posted a fall in 2016 earnings.
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Day ahead: Segro reports 2016 earnings, UK retail sales data in focus
Segro is set to report 2016 earnings per share and net asset value at the top end of the consensus forecast range.
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Week ahead: Shire continues pharma newsflow; Rolls-Royce results also key
Shire will complete the fourth-quarter results announcements from the FTSE 100-listed pharma giants following numbers from Astra and Glaxo
Essentra extends yesterday's falls as Citigroup downgrades after fresh profit warning
Citigroup cut its rating for Essentra to ‘neutral’ from ‘buy’ and reduced its target price to 430p from 500p, as it lowered its earnings per share forecast for this year by 4%.
Essentra shares drop as plastic components manufacturer issues another profit warning
The FTSE 250-listed firm said its Health & Personal Care Packaging unit saw a significant decline in revenue and profitability in the last two months of 2016.
FTSE 100 shares sink as pound ascends on Trump disquiet
FTSE 100 stocks fell further below 7200 on Monday after sterling gained strength against the US dollar in the aftermath of President Donald Trump's inauguration speech
Essentra shares tank as it issues profit warning
The plastics and fibre group said it now expected adjusted operating profit in the range of £137mln to £142mln for the year to December 31
FTSE shares end flat despite resources stocks early lift
FTSE 100 stocks closed flat on Monday despite an early sprint by mining and energy stocks. Meanwhile, fund manager Henderson Group had sobering news for investors seeking dividend income
London shares recover thanks to financials
London shares recovered to close firm on Friday, after a session most spent in negative territory, after a strong performance from financial stocks, especially bank Barclays
Investments and investor services
Risers and Fallers: Braveheart, Gulf Keystone, Koovs, Laird, Satellite Solutions, Westminster Group
Investment manager Braveheart confirmed one if its investee companies is close to being sold for a ‘significant profit’.