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Pin to quick picksSmith (DS) Share News (SMDS)

Share Price Information for Smith (DS) (SMDS)

London Stock Exchange
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Share Price: 370.00
Bid: 371.20
Ask: 371.60
Change: 3.20 (0.87%)
Spread: 0.40 (0.108%)
Open: 366.00
High: 373.60
Low: 366.00
Prev. Close: 366.80
SMDS Live PriceLast checked at -

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FTSE 100 falls as bonds selloff, geopolitical tensions weigh

Mon, 10th Oct 2022 17:17

Power stocks hit by report of price cap

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Mid-cap stocks at one-week lows

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DS Smith jumps on upbeat forecast

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FTSE 100 down 0.5%, FTSE 250 off 1.3%

Oct 10 (Reuters) - UK's blue-chip stock index fell for a fourth straight session on Monday, tracking a slide in global markets, while yields shot up across the range of British debt maturities despite a raft of announcements by the finance minister and the Bank of England.

The FTSE 100 index slipped 0.5% and the mid-cap FTSE 250 index dropped 1.3% to touch one-week lows, extending Friday's losses, also coming under pressure as strong U.S. jobs data doused hopes the Federal Reserve would temper rate hikes.

Energy stocks slid 1%, tracking crude prices as investors weighed potentially tight supply against economic storm clouds that could foreshadow a global recession and erosion of fuel demand.

British government bond prices tumbled in a sign that investors are yet to be convinced by finance minister Kwasi Kwarteng's drive to shore up fiscal credibility, which included bringing forward his new fiscal plan to Oct. 31.

"We've seen sell off in UK gilts once again," Daniela Hathorn, market analyst at Capital.com, said.

"The likelihood of the Bank of England to deliver an emergency rate hike before November 3 is picking up."

The Bank of England also moved to ease concerns about the expiry of its emergency programme at the end of this week to calm turmoil in the government bond market, including a doubling of the maximum size of its planned debt buy-back on Monday.

Weighing on global markets, massive explosions shook the Ukrainian capital and other cities in apparent revenge strikes by Russia after President Vladimir Putin declared an explosion on the bridge to Crimea to be a terrorist attack.

British power companies Centrica and Drax fell 2.7% and 4.9% respectively after the Financial Times reported the UK government was pressing ahead with plans to cap revenues of renewable electricity generators.

"Our view is that such a cap would be punitive for the sector and may distort investment incentives," Jefferies analysts said.

DS Smith jumped 12.1% after the cardboard maker forecast overall annual performance ahead of its expectations, helped by strong revenue growth and cost cuts. (Reporting by Sruthi Shankar and Bansari Mayur Kamdar in Bengaluru; Editing by Subhranshu Sahu, Savio D'Souza and Andrew Heavens)

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8 May 2024 09:39

LONDON BROKER RATINGS: UBS raises Centrica to 'buy' from 'neutral

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

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19 Apr 2024 17:32

UK's FTSE 100 rises as traders ramp up rate cut bets

BoE's Ramsden more confident UK inflation risks are ebbing

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19 Apr 2024 17:03

LONDON MARKET CLOSE: Stocks tentative on rising Israel-Iran tensions

(Alliance News) - Stock prices in London closed up on Friday, as investors showed caution in reaction to Israel carrying out retaliatory strikes on the Iranian central province of Isfahan.

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19 Apr 2024 13:12

DS Smith shares tumble as Mondi drops out of takeover race

April 19 (Reuters) - British packaging group Mondi will not make an offer to buy DS Smith, it said on Friday, bowing out of the battle after its UK peer agreed to a 5.8 billion pound ($7.21 billion) deal with International Paper earlier this week.

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19 Apr 2024 12:22

TOP NEWS: Mondi pulls out of DS Smith takeover race

(Alliance News) - Mondi PLC on Friday said it does not plan on making an offer for DS Smith PLC, as the tussle for the FTSE 100 listed firm took another turn.

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19 Apr 2024 09:26

LONDON BROKER RATINGS: Peel Hunt starts NatWest and Barclays at 'buy'

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

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16 Apr 2024 16:56

LONDON MARKET CLOSE: Stocks down on fears on Fed, Iran-Israel tensions

(Alliance News) - Stock prices in London closed down on Tuesday, as investors showed concern over rising geopolitical tensions between Iran and Israel, while hopes of three US Federal Reserve interest rate cuts this year continue to fade.

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16 Apr 2024 12:05

LONDON MARKET MIDDAY: Shares sold-off on interest rate, conflict worry

(Alliance News) - European equities were sharply lower heading into Tuesday afternoon, on US interest rate concerns and mixed data from China, while tensions in the Middle East continue to simmer.

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16 Apr 2024 10:24

International Paper to snap up DS Smith in £7.8bn deal

(Sharecast News) - International Paper has agreed to buy British rival DS Smith in a £7.8bn all-share deal, it was confirmed on Tuesday.

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16 Apr 2024 09:02

LONDON MARKET OPEN: Global tensions, US rate worries weigh on shares

(Alliance News) - Stock prices in London opened lower on Tuesday, with nearly all of the FTSE 100 in the red, as investors fret over US interest rate worries and simmering global tensions.

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16 Apr 2024 08:48

TOP NEWS: DS Smith agrees all-share takeover by International Paper

(Alliance News) - DS Smith PLC on Tuesday accepted an takeover approach from International Paper Co as the tussle for the FTSE 100 listed firm took another turn.

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16 Apr 2024 08:43

DS Smith agrees $7.2 bln all-share deal with International Paper

International Paper tables formal offer

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16 Apr 2024 07:55

LONDON BRIEFING: DS Smith backs International Paper takeover

(Alliance News) - London's FTSE 100 has been called to open lower on Tuesday, following declines for Asian equities and a sizeable drop for US tech shares overnight.

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12 Apr 2024 11:37

TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

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8 Apr 2024 17:03

LONDON MARKET CLOSE: Miners and airlines in demand as FTSE 100 climbs

(Alliance News) - Investors bought in London on Monday, as the FTSE 100 rose with gold hitting a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.

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