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Share Price Information for Smith (DS) (SMDS)

London Stock Exchange
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Share Price: 381.00
Bid: 381.20
Ask: 381.60
Change: 6.40 (1.71%)
Spread: 0.40 (0.105%)
Open: 374.80
High: 381.60
Low: 374.00
Prev. Close: 374.60
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 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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8 Apr 2024 13:51

PRESS: International Paper bid for DS Smith could come this week — Sky

(Alliance News) - International Paper Co is closing in on a formal GBP5 billion-plus bid for DS Smith PLC, the FTSE 100 paper and packaging group, Sky News reported on Monday.

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4 Apr 2024 14:56

International Paper to seek London listing if it inks deal with DS Smith

IP sees at least $514 mln of pre-tax cost savings

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4 Apr 2024 13:33

International Paper to seek secondary London listing if DS Smith deal goes ahead

(Sharecast News) - International Paper said on Thursday that it had made "significant progress" in reciprocal due diligence with regards to a potential takeover offer for UK-based DS Smith, and that it could seek a secondary listing in London if a deal goes ahead.

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4 Apr 2024 12:45

TOP NEWS: International Paper targets big savings from DS Smith deal

(Alliance News) - International Paper Co on Thursday said a merger with DS Smith PLC could generate cost savings of more than GBP400 million should a deal proceed.

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4 Apr 2024 10:12

DS Smith extends deadline for takeover offer by Mondi

(Alliance News) - DS Smith PLC on Thursday said that an extension had been agreed for its potential takeover by Mondi PLC, though the company still holds a more lucrative offer from International Paper.

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4 Apr 2024 07:52

DS Smith extends Mondi offer deadline by two weeks

(Sharecast News) - DS Smith, the packaging group at the centre of a a bidding war between UK-listed Mondi and US firm International Paper, has extended the so-called 'put up or shut up' deadline for the former to make a firm offer.

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4 Apr 2024 07:43

LONDON BRIEFING: Vodafone-Three deal faces deeper UK probe

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, despite remarks from Federal Reserve Chair Jerome Powell failing to soothe lingering interest rate worries.

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28 Mar 2024 09:57

Keysight outbids rival Viavi to buy UK's Spirent for $1.5 billion

March 28 (Reuters) - Keysight Technologies outbid rival Viavi Solutions to buy Spirent Communications for about 1.16 billion pounds ($1.46 billion) on Thursday, winning a battle over the UK telecoms testing firm's expertise in automation.

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27 Mar 2024 17:31

Europe's STOXX 600 ekes out gain on defensive boost; H&M jumps

Deutsche Bank hits 6-year high on MS upgrade

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27 Mar 2024 16:56

UK equities muted as risk appetite fades after recent gains; DS Smith, Diploma jump

DS Smith surges on deal discussions with International Paper

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27 Mar 2024 16:54

LONDON MARKET CLOSE: FTSE 100 treads water ahead of US PCE data

(Alliance News) - Stock prices in London closed slightly higher on Wednesday, as investors look firmly ahead to Friday's key inflation reading from the US.

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27 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US PCE data

(Alliance News) - Stock prices in London were lower at midday on Wednesday, but trade was more confident in mainland Europe, with focus turning to the release of the US Federal Reserve's preferred inflation gauge on Friday.

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27 Mar 2024 08:09

DS Smith shares jump 7% after International Paper buyout proposal

March 27 (Reuters) - Shares in DS Smith opened 7.7% higher on Wednesday after the company said it is in talks with International Paper over an all-stock offer from its U.S.-listed rival.

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26 Mar 2024 18:03

TOP NEWS: International Paper makes counterbid for DS Smith

(Alliance News) - DS Smith PLC on Tuesday confirmed that it is in discussions with International Paper Co, regarding a possible all share takeover offer.

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