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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
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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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."