|Bid||2,316.00 x 17100|
|Ask||2,311.00 x 21000|
|Day's Range||2,225.00 - 2,330.00|
|52 Week Range||1,915.00 - 3,306.00|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||8.77|
|Forward Dividend & Yield||0.86 (3.77%)|
|1y Target Est||32.32|
The FTSE index was up 0.4 percent and the midcaps were 0.7 percent higher by 0950 GMT. Housebuilders Persimmon, Barratt and Taylor Wimpey - among those most vulnerable to a no-deal Brexit - were among the biggest gainers after midcap Galliford Try reported higher first-half profit that topped Liberum estimates.
DUBLIN (Reuters) - British Prime Minister Theresa May appears determined to try and avoid a no deal Brexit if she can, the chief executive of Irish packaging group Smurfit Kappa said following a call May ...
LONDON (Reuters) - UK shares rose to a three-week high on Wednesday as upbeat results from Standard Chartered (STAN.L) provided some respite from a grim October that put the market on track for its worst ...
U.S. consumer goods maker Colgate-Palmolive Co (CL.N) has halted production at its detergent and dish soap plant in Venezuela because it lacked cardboard boxes to ship products, a union leader said on Thursday. The plant in the city of Valencia stopped operations on Monday, union representative Carlos Rodriguez said in a telephone interview. Its cardboard provider, Ireland's Smurfit Kappa (SKG.I), halted production in Venezuela last month after government authorities took over its local unit.
The Zacks Analyst Blog Highlights: Ingersoll-Rand, Endo International, Glanbia and Smurfit Kappa Group
CARACAS/VALENCIA, Venezuela (Reuters) - Unilever's factory in the outskirts of the northern Venezuelan city of Valencia once bustled with activity as it produced everything from soap to toothpaste for one of South America's wealthiest economies. Now, with Venezuela struggling with a fifth year of recession and its economy wracked by hyperinflation, there are few signs of activity. The Anglo-Dutch conglomerate has quietly scaled back its output in the crisis-stricken oil-producing nation to a single product - Tio Rico ice cream - produced in Valencia and at another plant in Barquisimeto, some 90 miles (145 km) to the west.
Packaging company Smurfit Kappa Plc (SKG.I) on Wednesday confirmed the temporary seizure of its Venezuelan plant by the government and the detention of two employees and said it would work to protect the interests of its stakeholders. Venezuela's state price control agency Sundde on Aug. 21 announced that the government had seized the plant and two days later said two managers at the plant had been arrested. Smurfit, which has operated in Venezuela since 1986, last week refuted all allegations which it described as without merit, but it did not immediately confirm the seizure or the arrests.
Packaging company Smurfit Kappa Plc said on Wednesday the Venezuelan government had taken temporary control of its Venezuelan business for 90 days. The company said as a result of this action by the Venezuelan government it was impossible for Smurfit Kappa Carton de Venezuela to manage its affairs in a way that complied with its normal business standards. The company also said Venezuelan government had detained two of its employees.
Venezuelan authorities said on Thursday that they had arrested two managers of paper packaging company Smurfit Kappa Group, two days after the government temporarily took over its local unit in the city of Valencia. State price control agency Sundde said in a press statement that the people had been charged with price speculation, boycotting, destabilizing the economy, and smuggling. On Tuesday, Sundde ordered the Irish company, which has operated in Venezuela since 1986, to immediately adjust its prices for all its products and accused the company of refusing to sell to certain local businesses.
Paper packaging company Smurfit Kappa Group on Thursday denied allegations made against its Venezuelan unit by the Venezuelan government. Venezuela's state price control agency Sundde said on Tuesday the government had temporarily occupied the local unit, and ordered immediate price adjustments for all its products. The company, which has operated in the country since 1986, said it entirely refutes the allegations, made after two days of government inspections, and believes them to be without merit.
Plastic is well and truly in the spotlight and many businesses are working to reduce the amount they use, which is presenting great opportunities for other materials and companies like paper-based packaging manufacturer, Smurfit Kappa.