|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||30.33 - 30.90|
|52 Week Range||24.10 - 41.65|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||11.64|
|Forward Dividend & Yield||1.62 (5.00%)|
|1y Target Est||N/A|
Junk-rated firms Smurfit Kappa and Thyssenkrupp were overwhelmed with demand when they kicked off post-summer proceedings for the European high-yield market on Monday, as yield-starved investors piled into the new issues. With much of the European bond market now in negative-yielding territory, investors are being forced down the credit spectrum - allowing the likes of Smurfit Kappa and Thyssenkrupp to price deals at levels rarely seen before. Packaging firm Smurfit Kappa caught the eye with its plans to sell 750 million euros ($835.80 million) of eight-year bonds at 1.5%, some of the lowest yields clocked in the European junk bond market for a new issue, particularly for one of such a long maturity.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Smurfit Kappa Group plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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.
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.