Smurfit Kappa shares rose 3% as the international box-packaging firm posted rises in revenue and margins on the economic recovery in the EU. It said demand for recycled containerboard had reduced stock levels in Europe, while global demand for kraft liner, or packaging paper, meant supply was “extremely tight”. Shares of packaging firms such as Smurfit Kappa tend to slide during world economic downturns because it is very difficult to close capital-intensive mills.
Thu, 02 Nov, 2017
Sat, 10 Dec, 2016
A police probe into allegations that the €1.5bn sale of Nama’s Northern property portfolio was connected to a major political pay-off has intensified calls for a top level investigation into the Government agency’s deal south of the border.
Thu, 09 Jul, 2015
The receivers of the Spencer Dock Development Company have disputed claims by Davy Target Investments that it is entitled to €9m payments arising from agreements over distribution of rent monies from a large office block on Dublin’s quays.
Tue, 24 Mar, 2015
Thu, 25 Sep, 2014