Company
Mondi PLC
LON:MNDI
Mondi PLC is an international paper and packaging company. Its key operations and interests are in western and emerging Europe, Russia and South Africa. It is principally involved in the manufacture of packaging paper and converted packaging products; uncoated fine paper, and specialty products and processes, including coating, release liner and consumer flexibles. The company is integrated across the paper and packaging process, from the growing of wood and manufacture of pulp and paper (including recycled paper) to the converting of packaging papers into corrugated packaging and industrial bags. It has production operations across 35 countries. Its products include virgin and recycled containerboard, and converted products, including corrugated boxes, corrugated board and point-of-sale displays; kraft papers and industrial bags for building materials, chemicals, food and animal feed, and flexible plastic-based products, including release liner and extrusion coating.
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Mondi impresses with ability to skirt European energy problems
The paper and packaging group said most of its pulp and paper mills generate the majority of their energy internally from biomass burning
Citigroup kicks off US bank reporting season, Mondi is Friday's UK highlight
Citigroup to give insight into how brutal markets are currently
Mondi grows profits despite paper costs rising on rising demand for firewood in Europe
Underlying EBITDA was €942mln compared to €566mln in the prior period
Mondi ups prices to cope with inflation, sees fourth quarter hit by cost pressure
The packaging group said demand remains strong across all its segments
Mondi notes continued strong demand for corrugated boxes amid ecommerce boom
In an update for its first quarter, the packaging group also noted “good volumes” in its flexible packaging business and a stable performance for engineered materials
Mondi linked to US$7bn move for DS Smith, reports “robust” full year results
Deal musings were only in the early stages, according to the reports, meanwhile the packaging group financial results supported a 5% increase in final dividend.
Mondi in for more helpings of Turkey with new acquistion
A network of five plants will be added to the existing four corrugated packaging plants, a recycled containerboard paper mill and three flexible packaging sites in the country
Mondi in talks with customers as profits continue to be squashed by lower prices
Underlying profits were down 20% compared to a 17% decline in the first half of 2020
Mondi reinstates final dividend, declares interim payout despite profits slide
The paper and packaging group also has a €2bn debt pile
Mondi scoops up CFO from Ferguson
Mike Powell has been at the plumbing products group since 2017
Mondi promotes chief financial officer to top job
Andrew Kind will step in at the end of March when Peter Oswald is set to leave
Mondi CEO Peter Oswald to step down
The FTSE 100 firm's finance boss, Andrew King, will take over as interim CEO until a successor is appointed
Mondi falls as quarterly profits drop 18% as prices soften
Like-for-like sales volumes were lower in industrial bags and uncoated fine paper, which was partly offset by growth in corrugated packaging
Archive
Last 'super Thursday' before Brexit as BoE, Shell and LSE updates eyed
On 1 August, other half-year updates include British American Tobacco, Barclays, Standard Chartered and Capita
Mondi's interim earnings to be well ahead of last year
Basic earnings will be between 28% to 37% ahead of this time a year ago
Investments and investor services
FTSE 100 closes in the red as markets sink on growing trade war fears
In Europe, the German DAX tanked 206 points, while the French CAC 40 is down around 104
Archive
BT Group will be in City spotlight on busiest day of the short week
Thursday's preview includes BT Group, Superdry, Morrisons, Barratt Developments, and RSA Insurance.
Archive
BT to take centre stage as it reports full year numbers with dividend in focus
The week ahead includes updates from BT Group, Superdry, Morrisons, ITV, IAG, Barratt Developments, Direct Line, RSA Insurance and Imperial Brands
FTSE 100 closes marginally down after treading water through the day as Parliament breaks for Easter after Brexit extension
Holiday cheer as airline stocks gain on hopes holidaymakers will put Brexit concerns aside for summer
Archive
WH Smith investors are hoping for dividend boost
Less of a newsagent nowadays but could WH Smith be set to increase payouts to shareholders.
Archive
Retailers Tesco and ASOS to provide the main corporate excitement in coming week
Also on the retail front, WH Smith and Dunelm will issue updates as well in the Week Ahead, while on the macro front an ECB rate decision and US FOMC meeting minutes are also due
Mondi sees 2018 profit and revenue beat analyst expectations, but cautioned on mixed 2019 pricing outlook
Mondi’s chief executive officer, Peter Oswald said: Pricing is mixed going into 2019, with recent price reductions in containerboard grades and market pulp and stronger pricing in our kraft paper markets"
FTSE 100 closes lower as Chinese data dents sentiment
The UK's premier share index closed down around 32 points at 7,074
Archive
IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
Mondi expects to report double-digit improvement in its 2018 earnings
The FTSE 100-listed packaging firm said it expects its underlying earnings (EBITDA) for 2018 to be "above that" generated in 2017, which had been €1.48bn
Mondi to change current dual-listed company structure into single holding company structure in London
The FTSE 100-listed paper and packaging group said it will continue to have a premium listing on the London Stock Exchange and will have an inward secondary listing on the Johannesburg Stock Exchange quoted in rand
Mondi posts 30% rise in earnings as it continues to tackle impact of war on plastic
“We continue to work actively with our customers, suppliers and other stakeholders to find innovative solutions that improve the sustainability of plastic packaging, based on circular economy principles,” Mondi said
Investments and investor services
FTSE 100 closes down nearly 2% as the big sell-off continues
The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
Investments and investor services
FTSE 100 closes in red as trade worries and Brexit fears put investors off
The UK index of leading shares finished Thursday down around 11 points, or 0.15%, at 7,563.
Archive
CRH to provide progress report on margin improvement initiatives
There are not many heavyweights expected to release results on Thursday but plenty will be going ex-dividend
Archive
World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
FTSE 100 closes in red as traders fret about Turkey crisis
The UK benchmark of leading shares closed down over 24 points at 7,642.
Mondi posts 25% jump in first-half underlying profit, thanks to higher selling prices, good demand across businesses
The FTSE 100-listed packaging and paper group saw its underlying operating profit rise to €630mln in the six months to 30 June, up from €503mln a year earlier
Archive
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.
Mondi profits higher as paper cycle swings up
Underlying profits of €295mln were 15% above a year ago and 6% higher than the previous three months
Archive
Boozy Wednesday in the City with Marston’s, Mitchells & Butlers and Bulmers maker C & C all due
It might not be Friday but it could be a messy one in the Square Mile nonetheless, particularly for the pub chains, which are likely to have felt the force of the ‘Beast from the East’
Investments and investor services
FTSE 100 closes down as Wall Street remains in the red but rebounds from earlier low
Wall Street recovered from earlier lows but still remain in negative territory
Archive
Glencore reports first quarter production in wake of freeze orders served on DRC assets
The day ahead includes quarterly updates from Glencore and Smith & Nephew
FTSE 100 finishes the week on a bright note after US jobs boost
The Footsie perked up after US jobs growth in February was way off the charts
Mondi now has the right package for Credit Suisse
A favourable fundamental backdrop in Mondi’s key packaging operations and strong earnings momentum heading into 2018 adds upside to market estimates, in our view,” CS said
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
Archive
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
Early Christmas present: Mondi wraps up acquisition of Finnish pulp and paper mill operator Powerflute for €365mln
Powerflute operates an integrated pulp and paper mill in Kuopio with an annual production capacity of 285,000 tonnes of high-performance semi-chemical fluting
FTSE 100 reverses and closes in red as City packs up for Christmas
The Office for National Statistics (ONS) says that UK GDP grew by 1.7% in the three months to September
Mondi upgraded to 'buy' again - this time by Goldman Sachs
Another day, another financial institution turning bullish on Mondi
Investments and investor services
FTSE 100 closes in red; IMF cuts UK growth forecasts
The FTSE 100 index closed down 18.87 points at 7,525 on a day of light volumes
Mondi way too cheap, especially with the likelihood of a huge special dividend
The company is churning out cash and does not appear to be interested in a big acquisition at current prices
Investments and investor services
FTSE 100 closes higher as miners gain and sterling slides
The FTSE 100 closed the day higher, as the weak pound helped, while other European indices lagged
Mondi warns on profits as currency fluctuations and rising costs take their toll
"We remain confident of making progress for the year and expect a strong final quarter, supported by generally higher average selling prices and good growth; however, ..."
Rurelec shares more than double as power plant operator confirms takeover talks
A look at some of the biggest risers and fallers today in London
FTSE 100 closes lower ahead of FOMC minutes
The FTSE 100 index closed down 4.46 at 7,533, below the session peak of 7,550.17 but above the low of 7,519.60
Archive
Pagegroup looking to emulate Robert Walters in third quarter update
Robert Walters raised full-year profits guidance; will Pagegroup do the same?
Archive
Sky in bid limbo but revenues still growing; Trinity Mirror update to be another media focus in week ahead
The Week Ahead includes trading updates from media firms Sky PLC and Trinity Mirror PLC, as well as news from defence group BAE Systems PLC, and minutes from the FOMC meeting
FTSE 100 holds on to gains despite late swoon
The FTSE 100 was its gains eroded as the Jackson Hole chinwag got under way
Premier Oil: Wytch Farm, Catcher start-up and game changing Mexico discovery – there’s plenty to look for in Thursday’s results
Premier Oil will be among the highlights on Thursday's City agenda
Archive
Final trading week of August, but some big news still to come from Persimmon PLC, BHP Billiton PLC, and Antofagasta PLC
Week ahead includes first half results from Persimmon PLC, Antofagasta PLC, Cairn Energy PLC, Premier Oil PLC, WPP PLC; full year numbers from BHP Billiton PLC
FTSE 100 finishes 63 points up, boosted by weak pound
Around 3pm, the UK benchmark index was ahead almost 65 points at 7,476, just holding off the day’s peak of 7,484.53 hit after the Bank of England left UK rate unchanged
Archive
Next to unveil improved second quarter with sales boosted by warm weather
Next is expected to shine in its second quarter trading update
Investments and investor services
FTSE 100 finishes little changed after "Super Thursday" underwhelms
The Footsie was back in black - but only just - thanks to precious metals miners
Archive
What will BT have to say about write-down can-of-worms?
Thursday brings the fourth quarter trading update from BT Group, while the banking AGM season continues.
Archive
Pensioners, Ofcom and rivals snap away at BT
Week ahead: BT and Talk Talk: ITV, Barratt Developments, Centrica, William HIll and more ...
Archive
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
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 ...
Investments and investor services
FTSE 100 ends higher as food groups power gains on takeover battle
Around 3.15pm, the UK blue chip index was up over 21 points at 7,299, not far from the day’s peak of 7,307, and well above the day’s low of 7,253.
FTSE 100 shares hit 11th successive record high as sterling dips
FTSE 100 shares did it again on Thursday – the 11th successive record high close – as turbulence in sterling finally gave in to a further steady decline and helped push stocks higher. All except retailers, that is
Investments and investor services
FTSE 100 stocks end higher thanks to miners and construction
FTSE 100 stocks ended higher on Thursday thanks to miners and the construction sector, while the laggards included venerable British names Royal Mail and Rolls Royce
UK top line shares dip on oil glut setbacks, but smaller stocks rise
Crude prices pared 5% gains as Russia and Saudi failed to act
Investments and investor services
Miners and oilers prop up FTSE 100 Index
The top flight index was four points adrift at just over 6890
Archive
Vodafone deal with Liberty could provide investors with huge boost, says UBS
Vodafone, Centamin and Mondi have each been given the spotlight treatment.
Archive
Brokers - Hays plc receives upgrade from Credit Suisse
A look at some early analyst views across the City
Preview - ITV and Cairn Energy among those reporting
Thursday sees Cairn Energy and ITV reporting among others
Week Ahead: Summit Therapeutics to reflect on year of unrelenting progress
News flow for the drugs developer has been nothing but positive this year
Risers & Fallers: Belvoir Lettings PLC, Chemring Group PLC, Tungsten Corporation PLC, Bahamas Pet...
Some of the major share price risers and fallers in London on Monday
Investments and investor services
FTSE100 drops as miners weigh...again
The miners were again at the bottom of the index, as a lower oil price weighed on metal prices.
South Africans lead FTSE 100 rebound
After heavy losses Friday, FTSE 100 added 48 to 6,001
Thursday's agenda - Carillion and Tate & Lyle to update investors
Aside from a closely watched interest rate decision from the BoE, corporate announcements on Thursday include trading updates from construction and support services firm Carillion and sugar giant Tate & Lyle.
Week ahead: Can Tesco follow Sainsbury's lead?
Tesco and Vedanta catch the eye next week which kicks off with the Conservative party conference.