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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Santander, Michelin, Schaeffler, Auchan, Husqvarna, Mondi, Syensqo Nov 5 (Reuters) - Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of August: BANKS * DNB DNB.OL : The Norwegian lender said in September it would cut the equivalent of 500 full-time jobs over the next six months, as it pre
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UK's Mondi to take $108 mln charge after fire shutters paper mill

UPDATE 1-UK's Mondi to take $108 mln charge after fire shutters paper mill Adds details in paragraph 2-4, background in paragraph 5-6 Oct 25 (Reuters) - British packaging company Mondi MNDI.L said on Friday it will take an impairment charge of 100 million euros ($108.23 million) due to the closure of its Stambolijski paper mill after a fire. T he company will permanently close the Bulgarian mill after a fire broke out on Sept.
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Mondi Announces Closure Of Stambolijski Paper Mill Following Fire

BRIEF-Mondi Announces Closure Of Stambolijski Paper Mill Following Fire Oct 25 (Reuters) - Mondi PLC MNDI.L : MONDI PLC: MONDI ANNOUNCES CLOSURE OF STAMBOLIJSKI PAPER MILL FOLLOWING FIRE MONDI PLC - FIRE DAMAGES 100,000 TONNE PER ANNUM PAPER MACHINE MONDI PLC - CLOSURE TO AFFECT AROUND 300 EMPLOYEES MONDI PLC - EXPECTED NET CLOSURE COSTS OF €100
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UK's Mondi to take $108 mln charge after fire shutters paper mill

UK's Mondi to take $108 mln charge after fire shutters paper mill Oct 25 (Reuters) - British packaging company Mondi MNDI.L said on Friday it will take an impairment charge of 100 million euros ($108.23 million) due to the closure of its Stambolijski paper mill after a fire. ($1 = 0.9240 euros) Reporting by Yamini Kalia in Bengaluru; Editing by Sav
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FTSE 100 touches five-month closing high on optimism over rate cuts

UPDATE 1-FTSE 100 touches five-month closing high on optimism over rate cuts FTSE 100 up 0.7%, FTSE 250 climbs 0.6% ECB cuts rate as expected Rentokil climbs on N.America overhaul plans Updated at 1650 GMT By Pranav Kashyap and Sruthi Shankar Oct 17 (Reuters) - The UK's FTSE 100 closed at a near five-month high on Thursday, as pest control group Rentokil announced an overhaul of its struggling North America business, while investors continued to bet on further policy easing by the Bank of Englan
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European shares close higher after ECB lowers interest rates

UPDATE 3-European shares close higher after ECB lowers interest rates For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Nordea carries banks up 1% Sartorius tops STOXX 600 after Q3 results Germany's DAX closes at a record high STOXX 600 up 0.8% Updated at 1600 GMT By Ankika Biswas, Paolo Laudani and Johann M Cherian Oct 17 (Reuters) - European stocks closed less than 1% away from record high levels on Thursday after the European Central B
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UK's Mondi slides on sequential Q3 profit decline

BUZZ-UK's Mondi slides on sequential Q3 profit decline ** Shares in Mondi MNDI.L fall 6.8% to 1,295p ** Stock is top pct loser on FTSE 100 index .FTSE which is largely flat ** Shares hit lowest since Oct. 2023 ** Packaging company's Q3 core profit falls 36% QoQ, due to subdued demand and more planned maintenance ** Says pulp and paper selling price
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UK Stocks-Factors to watch on Oct 17

UPDATE 1-UK Stocks-Factors to watch on Oct 17 Adds new items, updates futures Oct 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0 .1%. * ENTAIN: British gambling group Entain ENT.L raised its 2024 net gaming revenue outlook and said it now expects core profit for the year to be towards the top end of the 1 billion pound ($1.30 billion) to 1.1 billion pound range.
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UK's Mondi posts sequential fall in Q3 profit

UPDATE 1-UK's Mondi posts sequential fall in Q3 profit Adds sector context in paragraph 2, CEO comment in paragraph 3 Oct 17 (Reuters) - British packaging company Mondi MNDI.L said on Thursday trading conditions remained muted in the third quarter, after it reported a lower core profit compared with the previous three-month period, partly hurt by more planned maintenance shutd owns .
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UK's Mondi posts sequential fall in Q3 profit

UK's Mondi posts sequential fall in Q3 profit Oct 17 (Reuters) - British packaging company Mondi MNDI.L said on Thursday trading conditions remained muted in the third quarter, after it reported a lower core profit compared with the previous three-month period, partly hurt by more planned maintenance shuts. The company, which has key operations in Europe, North America and Africa, posted an underlying core profit of 223 million euros ($242 million) for the three months ended Sept.
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Mondi Says Q3 EBITDA At €223 Mln, Down From €351 Mln In Q2

BRIEF-Mondi Says Q3 EBITDA At €223 Mln, Down From €351 Mln In Q2 Oct 17 (Reuters) - Mondi PLC MNDI.L : JSE: MNP - Q3 2024 TRADING UPDATE MONDI PLC - Q3 2024 EBITDA AT €223 MILLION, DOWN FROM €351 MILLION IN Q2 MONDI PLC - Q3 SELLING PRICES IN CORRUGATED AND FLEXIBLE PACKAGING HIGHER THAN Q2 MONDI PLC - ORGANIC GROWTH INVESTMENTS EXPECTED TO
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UK Stocks-Factors to watch on Oct 17

UK Stocks-Factors to watch on Oct 17 Oct 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.17%. * ZEGONA COMMUNICATIONS: Zegona Communications ZEG.L is considering terminating a long-term contract with telecom network provider Vantage Towers over prices charged by the Germany-based company, Bloomberg News reported on Wednesday.
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Updates Unilever Oct 10 (Reuters) - Many Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault R
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British Business - Oct 10

PRESS DIGEST-British Business - Oct 10 Oct 10 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British paper and packaging firm Mondi MNDI.L has agreed to buy the German, Benelux and UK packaging assets of Schumacher Packaging for 634 million euros ($693.79 million) including debt, to expand in Western Europe.
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London stocks regain ground after worst session in two months

UPDATE 1-London stocks regain ground after worst session in two months For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Mondi jumps on Schumacher Packaging's assets deal CMC Markets' first half income up 45%, stock slides FTSE 100 up 0.7%, FTSE 250 adds 0.9% Updated at 1600 GMT By Shubham Batra and Khushi Singh Oct 9 (Reuters) - British equities mostly rebounded on Wednesday, with the biggest boost from the real estate sector, while homeb
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UK's Mondi tops FTSE 100 on $695 mln deal for Schumacher Packaging's assets

BUZZ-UK's Mondi tops FTSE 100 on $695 mln deal for Schumacher Packaging's assets ** Shares of British paper and packaging firm Mondi MNDI.L up 3.3% at 1,450p - top gainer on the FTSE 100 .FTSE index ** Co to buy Schumacher Packaging's German, Benelux and UK packaging assets for 634 mln euros ($694.86 mln), including debt ** Deal is seen adding to e
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UK Stocks-Factors to watch on Oct 9

UPDATE 1-UK Stocks-Factors to watch on Oct 9 Adds new items, updates futures Oct 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher, with futures FFIc1 up 0 .3%. * RIO TINTO: Rio Tinto RIO.AX , RIO.L said on Wednesday it will acquire Arcadium Lithium ALTM.N in an all-cash transaction, valued at $6.7 billion, in a deal that will make it the world's third-largest lithium producer.
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UK's Mondi bets on Western Europe with $695 mln deal for Schumacher Packaging's assets

CORRECTED-UK's Mondi bets on Western Europe with $695 mln deal for Schumacher Packaging's assets Corrects paragraph 4 to clarify that Smurfit has closed the deal to buy Westrock Oct 9 (Reuters) - British paper and packaging firm Mondi MNDI.L has agreed to buy the German, Benelux and UK packaging assets of Schumacher Packaging for 634 million euros ($695.6 million), including debt, to expand in Western Europe, it said on Wednesday.
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Mondi To Buy Western Europe Packaging Assets Of Schumacher Packaging

BRIEF-Mondi To Buy Western Europe Packaging Assets Of Schumacher Packaging Oct 9 (Reuters) - Mondi PLC MNDI.L : MONDI PLC: MONDI TO ACQUIRE WESTERN EUROPE PACKAGING ASSETS OF SCHUMACHER PACKAGING MONDI PLC - DEAL VALUED AT €634 MILLION, FINANCED FROM EXISTING FACILITIES MONDI PLC - DEAL EXPECTED TO BE EPS ACCRETIVE IN FIRST FULL FINANCIAL YEAR MO
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Mondi PLC 2024 Interim Dividend Euro/Sterling Exchange Rate

BRIEF-Mondi PLC 2024 Interim Dividend Euro/Sterling Exchange Rate Sept 13 (Reuters) - Mondi PLC MNDI.L : MONDI PLC: 2024 INTERIM DIVIDEND EURO/STERLING EXCHANGE RATE Source text for Eikon: ID:nPRrD8015a Further company coverage: MNDI.L
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