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Pin to quick picksSmurfit Kappa Share News (SKG)

Share Price Information for Smurfit Kappa (SKG)

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Share Price: 3,428.00
Bid: 3,424.00
Ask: 3,428.00
Change: 26.00 (0.76%)
Spread: 4.00 (0.117%)
Open: 3,410.00
High: 3,454.00
Low: 3,386.00
Prev. Close: 3,402.00
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LONDON MARKET CLOSE: Stocks Higher On Coronavirus Treatment Hopes

Wed, 05th Feb 2020 16:55

(Alliance News) - Stocks in London ended higher on Wednesday on easing concerns over the economic impact of the deadly coronavirus following reports of a scientific breakthrough on tackling the epidemic.

Sky News reported that a UK research team working on a coronavirus vaccine had made a "significant breakthrough".

Professor Robin Shattock at Imperial College London told the broadcaster he was ready to begin testing the vaccine on animals next week.

The FTSE 100 index closed up 42.66 points, or 0.6%, at 7482.48. The FTSE 250 ended up 80.07 points, or 0.4%, at 21,520.00, and the AIM All-Share closed flat at 960.73.

The Cboe UK 100 ended up 0.6% at 12,677.62, the Cboe UK 250 closed up 0.4% at 19,424.40, and the Cboe Small Companies ended 0.1% higher at 12,492.62.

In European equities, the CAC 40 in Paris ended up 1.0%, while the DAX 30 in Frankfurt closed 1.5% higher.

"Reports of a Coronavirus treatment chivvied up European indices and US futures this morning, while a solid ADP report provided further impetus - the payroll firm issued its highest number since May 2017, with no sign of real tightness in the US labour market. As a result, investors expect further job growth and a longer economic expansion, something Donald Trump will only be too keen to shout about. The higher the market goes, the more the weakness of late January looks more like a normal pullback, especially as Coronavirus fears continue to recede into the background," said IG Group's Chris Beauchamp.

On the London Stock Exchange, paper and packaging stocks ended among the blue chip risers after a strong performance from Ireland's Smurfit Kappa, which ended 6.7% higher.

In the year to December 31,Smurfit Kappa's revenue was 1.1% higher at EUR9.05 billion from EUR8.95 billion. The packaging firm reported pretax profit of EUR677 million, swinging from 2018's EUR404 million loss.

Last year, the Dublin-based company reported EUR1.34 billion in exceptional items relating to the deconsolidation of Smurfit's business and operations in Venezuela. The government took control of Smurfit Kappa Carton de Venezuela in the third quarter of 2018. Being unable to control the business, Smurfit deconsolidated its operations in the country.

2020 has started well, said Smurfit, with the company expecting another year of "strong" free cash flow.

Smurfit's results helped to boost peers DS and Mondi which closed up 6.1% and 5.1%, respectively.

Meanwhile, easyJet closed up 3.6% after Societe Generale raised the low-cost airline to Hold from Sell.

At the other end of the large cap index, Imperial Brands ended the worst performer, down 6.7% after the tobacco firm felt the effects on a crackdown on vaping.

Tobacco trading remains in line with expectations, the West and Gauloises Blondes cigarettes maker told its annual general meeting, but group constant currency net revenue is now seen at a "similar level" to last year and adjusted earnings per share are expected to be slightly lower.

This is because of the US Food & Drug Administration's ban on certain flavours of cartridge-base vapour devices, as well as weaker-than-expected consumer demand for vapour.

Peer British American Tobacco closed flat.

The pound was quoted at USD1.2990 at the London equities close, down from USD1.3026 at the close Tuesday, after the dollar strengthened following strong US employment data.

There was a surge in US private sector employment in January, according to the latest ADP National Employment Report.

Total employment increased by 291,000 jobs in January, surpassing the revised 199,000 increase in December and above consensus, according to FXStreet, of a 156,000 gain.

The data is a prelude to the closely watched US jobs report for January due out on Friday.

"The US ADP number was robust and they confirmed President Donald Trump's narrative of 'blazing economy'. The data soared the bearish bets on gold. It confirmed that the economy is not suffering. In order words, the risk-on trade is going to stay a little longer in this market. Having said that traders are going to continue to scrutinize the upcoming data until the US NFP number which is the major focal point," said AvaTrade analyst Naeem Aslam.

Sterling saw its morning gains erased, having appreciated versus the dollar after positive UK purchasing managers' index data.

The IHS Markit/Chartered Institute of Procurement & Supply UK services PMI increased to 53.9 in January from the neutral mark of 50.0 in December. The index had registered 49.3 in November, meaning shrinkage in the sector.

January's figure marked the best reading in 16 months and was above the flash estimate of 52.9.

Headwinds from delayed decision making have lifted since the general election in mid-December, which was reflected in a "robust" improvement in order takes.

The euro stood at USD1.1002 at the European equities close, down from USD1.1035 late Tuesday.

The eurozone business activity index dipped to 52.5 in January from 52.8 the month before, primarily due to weaker expansion in France and Spain. All other nations registered stronger services growth in December, said IHS Markit, with Germany's reading rising to 54.2 in January from December's 52.9.

Meanwhile, eurozone retail sales fell month-on-month in December, reversing an increase seen the month prior, said Eurostat.

Retail sales were down 1.6% in the euro area on the month before, following a 0.8% increase in November. Annually, sales rose 1.3%, a far slower pace than the 2.3% recorded in November.

Consensus, according to FXStreet, was for a monthly decline of 0.9% and an annual rise of 2.4%.

Against the yen, the dollar was trading at JPY109.70, up from JPY109.43 late Tuesday.

Stocks in New York were higher at the London equities close, with the DJIA up 1.0%, the S&P 500 index up 0.8% and the Nasdaq Composite up 0.7%.

In company news, General Motors said its revenue fell significantly in the fourth quarter of 2019, as the car maker suffered from work stoppages.

Net sales and revenue for the three months ended December 31 was USD30.83 billion, down 20% from USD38.40 billion. The carmaker, which is based in Michigan, lost four weeks of vehicle production in the three months ended December 31 on work stoppage, which slashed wholesales by 191,000 units year-on-year.

Annual revenue fell 6.7% to USD137.24 billion from USD147.05 billion. Basic earnings per share fell 18% to USD4.62 from USD5.61 and diluted EPS fell 17% to USD4.57 from USD5.53.

The stock was flat on Wall Street.

Brent oil was quoted at USD55.86 a barrel at the equities close, up from USD55.00 at the close Tuesday.

Gold was quoted at USD1,557.60 an ounce at the London equities close, firm against USD1,552.50 late Tuesday.

The economic events calendar on Thursday has Germany factory orders at 0700 GMT.

The UK corporate calendar on Thursday has first quarter results from contract caterer Compass Group and third quarter results from postal operator Royal Mail. There are also interim results from asset manager Ashmore Group.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
25 Apr 2024 15:51

UK earnings, trading statements calendar - next 7 days

Friday 26 April 
Facilities by ADF PLCFull Year Results
Kingspan Group PLCTrading Statement
Loungers PLCTrading Statement
NatWest Group PLC Q1 Results
Pearson PLCTrading Statement
Record PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Taylor Maritime Investments LtdTrading Statement
Monday 29 April 
Beazley PLCTrading Statement
Biome Technologies PLCFull Year Results
Christie Group PLCFull Year Results
Gresham House Energy Storage Fund PLCFull Year Results
Gresham Technologies PLCFull Year Results
Jadestone Energy PLCFull Year Results
Oxford BioMedica PLCFull Year Results
SpaceandPeople PLCFull Year Results
Tuesday 30 April 
Avacta Group PLCFull Year Results
Card Factory PLCFull Year Results
Capital & Regional PLCFull Year Results
Close Brothers Group PLCTrading Statement
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCHalf Year Results
Fadel Partners IncFull Year Results
Glencore PLCTrading Statement
Hargreaves Lansdown PLC Trading Statement
Howden Joinery PLCTrading Statement
HSBC Holdings PLCQ1 Results
Kelso Group PLCFull Year Results
Northcoders Group PLCFull Year Results
Phoenix Spree Deutschland LtdFull Year Results
RBG Holdings PLCFull Year Results
Rotork PLCTrading Statement
Safestore Holdings PLCHalf Year Results
Shield Therapeutics PLCFull Year Results
St James's Place PLCTrading Statement
Strip Tinning Holdings PLCFull Year Results
Whitbread PLCFull Year Results
Wednesday 1 May 
Anexo Group PLCFull Year Results
Computacenter PLCTrading Statement
Georgia Capital PLCQ1 Results
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew PLCTrading Statement
Thursday 2 May 
Endeavour Mining PLCQ1 Results
Hiscox LtdTrading Statement
International Personal Finance PLCTrading Statement
Kerry Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
Melrose Industries PLCTrading Statement
NAHL Group PLCFull Year Results
Reach PLCTrading Statement
Shell PLCQ1 Results
Smiths News PLCHalf Year Results
Smurfit Kappa Group PLCTrading Statement
Spectris PLCTrading Statement
Standard Chartered PLCQ1 Results
TI Fluid Systems PLCQ1 Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
19 Apr 2024 13:09

UK shareholder meetings calendar - next 7 days

Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
19 Apr 2024 13:07

UK earnings, trading statements calendar - next 7 days

Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Focusrite PLCHalf Year Results
Gem Diamonds LtdTrading Statement
Hikma Pharmaceuticals PLCTrading Statement
Hummingbird Resources PLCTrading Statement
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
Friday 26 April 
Facilities by ADF PLCFull Year Results
Kingspan Group PLCTrading Statement
NatWest Group PLC Q1 Results
Pearson PLCTrading Statement
Record PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Taylor Maritime Investments LtdTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
16 Apr 2024 09:48

LONDON BROKER RATINGS: RBC raises Admiral; Barclays cuts Phoenix Group

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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4 Apr 2024 13:08

UK dividends calendar - next 7 days

Friday 5 April 
BBGI Global Infrastructure SAdividend payment date
Molten Ventures PLCdividend payment date
Pennon Group PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Regional REIT Ltddividend payment date
Rights & Issues Investment Trust PLCdividend payment date
Sylvania Platinum Ltddividend payment date
Titon Holdings PLCdividend payment date
Triple Point Energy Transition PLCdividend payment date
Monday 8 April 
Alumasc Group PLCdividend payment date
LondonMetric Property PLCdividend payment date
Redrow PLCdividend payment date
Tuesday 9 April 
CT Global Managed Portfolio Trust PLCdividend payment date
Downing Strategic Micro-Cap Investment Trust PLCdividend payment date
Dunelm Group PLCspecial dividend payment date
Hays PLCdividend payment date
Renishaw PLCdividend payment date
Safestore Holdings PLCdividend payment date
Wednesday 10 April 
Assura PLCdividend payment date
Primorus Investments PLCspecial dividend payment date
Wilmington PLCdividend payment date
Thursday 11 April 
Amedeo Air Four Plus Ltdex-dividend payment date
Athelney Trust PLCdividend payment date
Aviva PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Barratt Developments PLCex-dividend payment date
Begbies Traynor Group PLCex-dividend payment date
Bioventix PLCex-dividend payment date
Blackfinch Spring VCT PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
Caledonia Mining Corpex-dividend payment date
Capital & Regional PLCex-dividend payment date
Chesnara PLCex-dividend payment date
Colefax Group PLCdividend payment date
CT Private Equity Trust PLCex-dividend payment date
Downing Strategic Micro-Cap Investements Trust PLCex-dividend payment date
Driver Group PLCdividend payment date
F&C Investment Trust PLCex-dividend payment date
Foxtons Group PLCex-dividend payment date
Grafton Group PLCex-dividend payment date
GSK PLCdividend payment date
Harbour Energy PLCex-dividend payment date
Hargreaves Services PLCdividend payment date
Howden Joinery Group PLCex-dividend payment date
Hunting PLCex-dividend payment date
i3 Energy PLCex-dividend payment date
International Personal Finance PLCex-dividend payment date
International Public Partnerships Ltdex-dividend payment date
ITV PLCex-dividend payment date
Johnson Service Group PLCex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan Japan Small Cap Growth & Income PLCex-dividend payment date
Just Group PLCex-dividend payment date
Kenmare Resources PLCex-dividend payment date
Kerry Group PLCex-dividend payment date
Kings Arms Yard VCT PLCex-dividend payment date
Law Debenture Corp PLCdividend payment date
Lloyds Banking Group PLCex-dividend payment date
Lowland Investment Cos PLCex-dividend payment date
Luceco PLCex-dividend payment date
Man Group PLCex-dividend payment date
Manchester & London Investement Trust PLCex-dividend payment date
Marble Point Loan Financing Ltdex-dividend payment date
Mercantile Investment Trust PLCex-dividend payment date
Mobius Investment Trust PLCex-dividend payment date
MTI Wireless Edge Ltddividend payment date
North American Income Trust PLCex-dividend payment date
Northamber PLCex-dividend payment date
Octopus Apollo VCT PLCex-dividend payment date
Phoenix Group Holdings PLCex-dividend payment date
Reckitt Benckiser Group PLCex-dividend payment date
Ricardo PLCdividend payment date
Savills PLCex-dividend payment date
Schroder Asian Total Return Investment Cos PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
Scottish American Investment Cos PLCdividend payment date
Smurfit Kappa Group PLCex-dividend payment date
Softcat PLCex-dividend payment date
Somero Enterprises Incex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
Synectics PLCex-dividend payment date
TP ICAP Group PLCex-dividend payment date
Trifast PLCdividend payment date
TT Electronics PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
15 Mar 2024 09:38

LONDON BROKER RATINGS: Jefferies raises Mondi; UBS likes Admiral

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
15 Mar 2024 08:43

LONDON MARKET OPEN: FTSE 100 treads water; buyback boosts Vodafone

(Alliance News) - Stock prices in London opened in a muted fashion on Friday, as a hotter-than-expected US producer price reading stifled risk appetite, with focus beginning to move to interest rate decisions from the Federal Reserve and Bank of England next week.

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15 Mar 2024 07:46

LONDON BRIEFING: Vodafone, Scottish Mortgage Investment plan buybacks

(Alliance News) - London's FTSE 100 is called to open fractionally lower on Friday, possibly a tepid end to a decent week, as a robust US producer price reading hurt risk appetite on both sides of the Atlantic.

Read more
8 Mar 2024 15:02

London close: Stocks mixed as US payrolls paint varied picture

(Sharecast News) - London markets ended the trading session on a mixed note on Friday, as investors digested a faster-than-expected rise in non-farm payrolls in the US.

Read more
8 Feb 2024 14:42

London close: Stocks slip as US jobless claims fall

(Sharecast News) - London markets experienced a downturn in trading on Thursday, with stocks relinquishing earlier gains as investors processed a decrease in jobless claims in the United States.

Read more
7 Feb 2024 16:53

LONDON MARKET CLOSE: European equities slip but US stocks press on

(Alliance News) - The FTSE 100 underperformed on Wednesday, although equities in New York pushed higher despite lingering US interest rate worries.

Read more
7 Feb 2024 12:01

LONDON MARKET MIDDAY: Barratt and Smurfit Kappa bookend FTSE 100

(Alliance News) - Stock prices in London were lower at midday Wednesday, with Barratt Developments and Smurfit Kappa sitting either side of the FTSE 100 index.

Read more
7 Feb 2024 10:08

TOP NEWS: Smurfit Kappa boosts dividend despite drop in revenue

(Alliance News) - Smurfit Kappa Group PLC on Wednesday reported a drop in adjusted earnings and revenue in 2023 but said the figures were ahead of its target.

Read more
31 Jan 2024 15:29

UK earnings, trading statements calendar - next 7 days

Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Wednesday 7 February 
Ashmore Group PLCHalf Year Results
Barratt Developments PLCHalf Year Results
HydrogenOne Capital Growth PLCTrading Statement
Phoenix Spree Deutschland LtdTrading Statement
PZ Cussons PLCHalf Year Results
Smurfit Kappa Group PLCFull Year Results
UK Commercial Property REIT LtdTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
1 Dec 2023 17:36

DIRECTOR DEALINGS: Smurfit Kappa director sells EUR972,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

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