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.
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.
131 stories · page 3 of 7
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
Archive
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.
Archive
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"
Archive
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
Archive
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