Company
DS Smith PLC
LON:SMDS
DS Smith is a paper and plastic supplier and recycler with revenue in 2007/08 of almost £2 billion and it employs over 11,500 people in 20 countries. The Group has strong positions in many of the markets in which it operates, including waste paper recycling, corrugated packaging, bag-in-box packaging and wholsesale office products.
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FTSE 100 Live: Stocks retreat to close lower; oil price jumps
At the close, London’s lead index was down 15 points at 7,438 while the FTSE 250 was down 33 points at 18,491
DS Smith drops by 5% ahead of its results
Cardboard box group reports full-year numbers next Thursday
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Market movers: Moneysupermarket.com jumps on RBC upgrade
A look at some risers and fallers in the market today
DS Smith sees full-year performance above forecasts
Its CEO said the company remains focused on delivering for its customers and managing costs in an inflationary environment
DS Smith expects 'significant improvement' after hedging all gas costs
The FTSE 100-listed paper and packaging supplier said corrugated box volumes in the first quarter "declined slightly" on a like-for-like basis
Rising wood prices and squeezed demand in focus for box maker DS Smith
Shares in box makers saw a big spike during the pandemic, as investors cottoned onto demand being linked to the online shopping boom, but have crumpled this year
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DS Smith as exciting as corrugated cardboard gets
Corrugated cardboard may be as dull as a brown paper envelope but unlike plastic, it does not have a toxic reputation.
DS Smith hikes dividend 24% as cardboard packaging demand surges
Price increases "offset significant cost inflation" and volume growth "has driven a strong improvement in profitability and high cash generation"
DS Smith's shares climb after UBS raises rating
Packaging company DS Smith climbs after UBS ups view to 'buy'
DS Smith records positive momentum during H2; price rise offsets higher costs
The packaging group said production has been suspended at a Ukrainian business in which it has a minority investment
Builders and building materials
Capita, DS Smith and US inflation vie for attention on Thursday
Thursday is another big day for company announcements though US inflation will likely grab the late headlines
Greggs, Berkeley, Direct Line, Bakkavor, Ibstock, and DS Smith in focus in coming week
Looking ahead to the coming week on the London Stock Exchange.
Cardboard box shortages rise in the UK as Boxing Day approaches
Total waste from UK households rose by 1.8% to 22.6mln tonnes or 399kg per person in 2020, as recycling rates dropped 1.2% to below 10mln tonnes
DS Smith sells more boxes as paper price keeps rising
The packaging firm said that strong demand has helped to recover the price increases
DS Smith, Mondi and Smurfit Kappa all worth buying as broker questions whether "peak pricing" has been reached
Raw material prices are rising but underpinned by the inexorable increase in online shopping, the packaging companies should be able to pass these on to customers
DS Smith sells De Hoop paper mill
"We are pleased to have reached this agreement for the De Hoop Paper mill," said Miles Roberts, the group’s chief executive
DS Smith sees higher costs but expects to fully recover them
The group benefitted from a structural shift to e-commerce and paper packaging, rather than plastic, accelerated by the pandemic
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GlaxoSmithKline and Berkeley key names in coming week as Bank of England dominates macro dairy
Also in the calendar are packaging firm DS Smith and oilfield services group John Wood
DS Smith still sitting in the box-seat as online shopping booms
Corrugated box volumes have grown progressively throughout the financial year with the second half expected to achieve a volume increase in excess of 7% over the comparative period last year.
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Don't worry you've missed the boat on e-commerce and sustainability megatrends, box-makers still offer value, says broker
The replacement of plastic as a packaging material is seen as potentially boosting demand for corrugated packaging over the next 30 years
DS Smith buoyed by online shopping boom as demand for boxes rises again
“COVID-19 is accelerating a number of the structural growth drivers"
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FTSE 100 unable to stay positive after US data raises inflation fears and sends Wall Street lower
The UK blue chip index reversed early gains after Dow Jones Industrial Average falls from record levels
DS Smith reveals packaging plants expansion, declares interim dividend
The group is confident thanks to strong demand driving paper price up and customer wins in Europe and the US
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FTSE 100 closes ahead as Brexit fears are pushed aside amid US stimulus hopes
Britain's index of leading shares closed up on the day around 35 points at 6,599
DS Smith says box volumes have recovered but not prices
“The step-change in use of e-commerce is clearly established across our territories with very high demand from customers for e-commerce packaging as we head into the festive season,” the box maker said
DS Smith says it will pay an interim dividend as trading has improved
"The underlying drivers of demand for corrugated packaging remain strong,” said Miles Roberts.
DS Smith downgraded to ‘hold’ by Jefferies after earnings forecast cut
Underlying earnings (EBITA) forecasts have been cut to £500mln from £556mln for 2020/21 and to £600mln from £638mln for 2021/22
DS Smith weak as it holds off from reinstating dividend payments as full-year results dip
The balance sheet is robust, the group has offloaded its Plastics division and the medium-term growth drivers are "as strong as ever" but the board does not feel confident enough to resume dividend payments.
DS Smith cancels dividend payment despite strong trading
Packaging for the grocery sector has been “very busy” and e-commerce “strong in most categories”
William Hill resumes job hunt as DS Smith CFO stays in boxes
The bookmaker's current CFO Ruth Prior will continue to serve out her 12-month notice period, which was given in January
DS Smith packs higher profits, but hit by low US paper prices
Growth was partly offset by lower paper prices and volumes in US
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FTSE 100 closes lower again as index suffers with pound bounce, recession fears
The UK's premier share index finished down 44.90 points at 7,077.64
Packaging giant DS Smith on track for full year, but volumes remain sluggish in Germany
DS Smith once again warned about ongoing macro-economic uncertainty, but it hopes new business wins and keeping its prices high will offset this
DS Smith PLC's proposed sale of its rigid and flexible packaging business raises competition concerns flag
Liqui-Box and DS Smith are two of the four main companies in the UK, offering a specialist type of packaging called "Bag-in Box" to food, wine, dairy and drink suppliers.
Investments and investor services
FTSE 100 closes lower on day but up slightly on week as trade tensions still weigh
The UK's index of leading company shares closed Friday down nearly 23 points at 7,345
DS Smith slips as it reiterates ongoing macro uncertainty in final results
The packaging giant said it would not be immune from any disruption that may occur from a disorderly Brexit as it could impact order patterns from its customers
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FTSE 100 closes near flat as global markets appear uninspired
Footsie closed up nearly a point at 7,368, while mid-cap cousin FTSE 250 shed over 77 points at 19,172
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Tesco’s first quarter set to face tough comparisons
Tesco, DS Smith and PZ Cussons are the standout names in Thursday's diary.
UBS sees DS Smith as 'well positioned' to benefit from packaging trends
The Swiss bank initiated coverage of the packaging manufacturer with a ‘neutral’ rating and a 336p price target
DS Smith says financial performance in line with its expectations but flags up uncertain economic conditions
The FTSE 100-listed firm said it has seen ongoing growth in corrugated box volumes and market share gains, driven by its resilient FMCG (fast-moving consumer goods) focused customer base
DS Smith to sell two packaging businesses in North Western France and Portugal to International Paper
The FTSE 100-listed firm said the around £54mln sales would fulfil the commitment made to the European Commission in relation to the clearance of its acquisition of Europac
Investments and investor services
FTSE 100 ends in positive territory, taking the cue from the Dow and data from China
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
Investments and investor services
FTSE 100 closes in positive territory, boosted by better-than-expected US March jobs figures as Brexit uncertainty continues
Mid-cap cousin FTSE 250 was also lower, shedding around 56 points at 19,507
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Lloyds and other ex-dividends to knock 11 points off FTSE 100 on quiet Thursday in the City
Away from the ex-divs, Saga, Electrocomponents and EntertainmentOne are all due to come to the market with trading updates or results
DS Smith sells plastics arm for US$585mln as online shopping surge boosts cardboard box demand
Smith’s focus on plastics increasingly is sustainable products. Net cash proceeds will be £400mln
Investments and investor services
FTSE 100: The good, the BATS and the Ocado in 2018
For Ocado, it was a case of "eat my shorts" as short sellers got burnt while for BATS, not enough cigarettes got burnt as e-cigarettes rose in popularity
DS Smith exploring sale of Plastics division as it posts jump in first half profit with more boxes sold at higher prices
The FTSE 100-listed packaging company saw its adjusted operating profit from continuing operations increase by 32% to £304mln for the six months to 31 October, up from £231mln a year earlier
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FTSE 100 has worst day in over two years as Huawei CFO arrest sends shockwaves through markets
Footsie closed down 217 points today to 6,704, with 7,000 now seemingly a distant memory. .
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Ted Baker’s tough trading is expected to be a dent in third quarter sales
Ted Baker and DS Smith are likely to be the highlights of Thursday's schedule.
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Fashion firms and a housebuilder, plus US jobs data to provide interest in the first week of Advent
Ted Baker PLC and Joules PLC will fly the fashion flag, while Berkeley Group PLC will provide the mortar on a fairly quiet corporate diary at the start of December
DS Smith sees improvement in margins and cash flow
"The business continues to perform in line with our expectations, with the industry and business trends consistent with our trading update of 4 September 2018."
DS Smith says trading in line with expectations with 'good' like-for-like volume growth
DS Smith chief executive Miles Roberts said he is pleased with the company's momentum in the year to date
FTSE 100 closes in red as BoE governor Carney could stay on and WPP plunges
Economists at ING said the August manufacturing data suggests “US business is weathering the protectionist storm for now"
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WPP reports half-year results in wake of chief executive appointment
The day ahead includes interims from WPP, full year earnings from Redrow and a trading update from DS Smith
Numis upgrades DS Smith to ‘add’ as packaging group accelerates earnings momentum
In a note to clients, analysts at Numis said the proposed acquisition of Spanish Europac for an enterprise value of €1.9bn will strengthen Iberian and French market presence
Investments and investor services
Hvivo continues to soar as investors look ahead to next flu vaccine trial
A look at some of the biggest risers and fallers in London.
DS Smith confirms launch of £1bn cash call to part fund acquisition of Spanish rival Europac
The FTSE 100-listed packaging group announced a fully underwritten, three-for-11 rights issues which will see the firm issue 293mln new shares at 35p each
Investments and investor services
FTSE 100 closes in red for second day this week as Trump trade threats turn real
The market has been seeming complacent on Trump’s tough protectionist rhetoric..until now
DS Smith profits bolstered by acquisitions and recovering paper prices
DS Smith said it is confident on the outlook for the year ahead with volume growth momentum seen continuing
DS Smith agrees €1.67bn bid for Europac
The FTSE 100-packaging manufacturer said its offer consisted of €16.8 per Europac share, valuing the business at €1.9bn on an enterprise value basis
Investments and investor services
FTSE 100 holds onto gains as M&A boosts sentiment
In the currency market, sterling was down 0.48% against the Euro, while it lost 0.28% against the US dollar.
DS Smith raises expectations for synergies of Interstate Resources acquisition
DS Smith continues to expect return on sales to be in line with the previous year, buoyed by a recovery of paper prices
Investments and investor services
FTSE 100 calls Mayday but manages to end the day safely in positive territory
Poor manufacturing stats raise worries over the British economy, the PMI measure for April was the lowest for 17-months..
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BP to see earnings boost from higher crude prices, but free cash flow under pressure
Day ahead includes first quarter updates from oil giant BP PLC and online food delivery firm Just Eat PLC, plus the latest two-day Federal Reserve policy meeting kicks-off
FTSE 100 closes firmly higher despite disappointing service sector stats
The UK bluechip-benchmark closed over 165 points higher at 7,199, while the FTSE 250 added over 311 points at 19,576
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British Airways owner IAG and rival easyJet expected to continue March airline traffic boost
The day ahead includes March traffic from blue chip airlines easyJet PLC and British Airways owner International Airlines Group PLC, plus a trading update from Electrocomponents PLC
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Topps Tiles, IAG, easyJet, Electrocomponents and US jobs in focus after Easter break
The week ahead includes interims from Topps Tiles, traffic statistics from easyJet and IAG, a trading statement from Electrocomponents and the US non-farm payrolls report
DS Smith says overall trading in line, with box volume growth remaining strong
The FTSE 100-listed firm said box volume growth has remained strong, continuing the positive trend seen in the first half of the year
Investments and investor services
FTSE 100 closes in positive territory despite Trump trade war fears
Around 3.50pm, the FTSE 100 index was up 13 points at 7,160
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Paddy Power Betfair expected to show strong online growth
Whenever a CFO serves notice to quit, as Paddy Power's Alex Gersh did this week, shareholders tend to get a bit nervous
DS Smith sees strong volume, revenue growth in first half, although profits fall slightly
The FTSE 250 listed packaging firm saw its pre-tax profit fall to £144mln for the six months to October 31, down from £146.0mln a year earlier, mainly due to an increase in one-off costs