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Reuters - 1 giorno fa

Citi sees 'tepid' Q3 commentary for European paper and packaging, focus on 2025

BUZZ-Citi sees 'tepid' Q3 commentary for European paper and packaging, focus on 2025 ** Citi expects Q3 commentary by European paper and packaging firms to be "tepid" overall, with focus now on 2025 as the market awaits clearer signs of recovery ** It says absorption of new pulp supply and Chinese seasonality could renew momentum into 2025, while p

Reuters - 2 giorni fa

European shares fall as Middle East jitters curb risk-taking

UPDATE 2-European shares fall as Middle East jitters curb risk-taking For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Updated at 1600 GMT STOXX 600 down 0.9% Germany's SAP falls on report U.S. prosecutors broadening probe Nestle down after Citi downgrade Energy stocks rise amid elevated crude oil prices Euro Zone business activity down to 49.6 in Sept By Pranav Kashyap, Shashwat Chauhan Oct 3 (Reuters) - European shares declined on Thurs

Reuters - 2 giorni fa

Stora Enso tops STOXX as it puts part of Swedish assets up for sale

BUZZ-Stora Enso tops STOXX as it puts part of Swedish assets up for sale ** Shares in Stora Enso STERV.HE are up 5% after the Finnish forestry company announced its intention to sell 12% of its forest assets in Sweden ** Sale of 1.4 hectares in Sweden would reduce Stora Enso 's debt and additionally reinforce company's financial standing, the group

Reuters - 2 giorni fa

Stora Enso to sell part of forest assets in Sweden to reduce debt

UPDATE 2-Stora Enso to sell part of forest assets in Sweden to reduce debt Adds comment from company in paragraph 2, updates shares and adds milestone in paragraph 3, adds context in paragraphs 4, 6 Oct 3 (Reuters) - Stora Enso STERV.HE will put 12% of its forest assets in Sweden up for sale in a move to reduce debt and strengthen its balance sheet, the Finnish forestry group said on Thursday.

Reuters - 2 giorni fa

Stora Enso Prepares To Sell 12% Of Swedish Forest Assets

BRIEF-Stora Enso Prepares To Sell 12% Of Swedish Forest Assets Oct 3 (Reuters) - Stora Enso Oyj STERV.HE : PREPARES TO SELL PARTS OF ITS FOREST ASSETS IN SWEDEN PREPARES TO SELL 12% OF SWEDISH FOREST ASSETS TO SELL APPROXIMATELY 12% OF ITS TOTAL FOREST ASSETS OF 1.4 MILLION HECTARES IN SWEDEN INITIATED STEPS TO IMPLEMENT A NEW LEGAL STRUCTURE FOR I

Reuters - 4 settimane fa

Finnish forestry firms pledge to protect wildlife after endangered mussels crushed

Finnish forestry firms pledge to protect wildlife after endangered mussels crushed By Essi Lehto and Elviira Luoma HELSINKI, Sept 10 (Reuters) - Finnish forestry companies will work with the government to protect wildlife and avoid a repeat of an incident in August when endangered river pearl mussels were crushed by forestry machines, Environment Minister Kai Mykkanen said.

Reuters - 4 settimane fa

Stora Enso Appoints Pasi Kyckling As Acting CFO

BRIEF-Stora Enso Appoints Pasi Kyckling As Acting CFO Sept 9 (Reuters) - Stora Enso Oyj STERV.HE : STORA ENSO APPOINTS PASI KYCKLING AS ACTING CFO PASI KYCKLING IS CURRENTLY GROUP TRANSFORMATION OFFICER AT STORA ENSO PASİ KYCKLING TO SERVE AS ACTING CFO FROM NOV 2024 UNTIL JAN 2025 AT LATEST CURRENT CFO SEPPO PARVI TO LEAVE STORA ENSO Source text

Reuters - 4 settimane fa

Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds Unilever Sept 5 (Reuters) - Some 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 RENA

Reuters - 1 mese fa

Stora Enso Reports One New Suspected Non-Compliance To Kainuu ELY Centre

BRIEF-Stora Enso Reports One New Suspected Non-Compliance To Kainuu ELY Centre Aug 28 (Reuters) - Stora Enso Oyj STERV.HE : INSPECTIONS OF LOGGING SITES ARE PROGRESSING - ONE NOTIFICATION MADE TO THE ELY CENTER Source text for Eikon: [ID:] Further company coverage: STERV.HE (Gdansk Newsroom)

Reuters - 1 mese fa

Finland's Stora Enso suspends logging after damage to river pearl mussels

Finland's Stora Enso suspends logging after damage to river pearl mussels COPENHAGEN, Aug 26 (Reuters) - Finnish forestry group Stora Enso STERV.HE has suspended all logging in environmentally protected areas in Finland, it said on Monday after admitting it destroyed a large number of freshwater pearl mussels near one of its sites this month. Forestry machines crossing the Hukkajoki river in central Finland on Aug.

Reuters - 2 mesi fa

Vattenfall and Swedish industry majors join forces on new energy investment

Vattenfall and Swedish industry majors join forces on new energy investment By Nora Buli OSLO, Aug 20 (Reuters) - Sweden's biggest utility Vattenfall and a group of large industrial firms will jointly explore investments in new fossil-free power production to meet growing electricity demand amid decarbonisation efforts, the companies said on Tuesday.

Reuters - 2 mesi fa

Barclays neutral on Holmen, but prefers it over Stora Enso and SCA

BUZZ-Barclays neutral on Holmen, but prefers it over Stora Enso and SCA ** Barclays initiates Holmen HOLMb.ST with "equal-weight" and PT of SEK 390, and says it prefers the Swedish paper products maker over Stora Enso STERV.HE and Svenska Cellulosa (SCA) SCAb.ST (both "underweight") ** The brokerage likes Holmen's strategy of expanding its renewabl

Reuters - 2 mesi fa

JPM says extra pulp supply to weigh on prices for Nordic forestry firms

BUZZ-JPM says extra pulp supply to weigh on prices for Nordic forestry firms ** J.P.Morgan expects difficulties for Nordic forestry firms in the short term due to a potential decline in pulp prices ** New pulp supply from Cerrado and Liansheng might push prices temporarily below cost support in the near term, JPM says ** Medium-term outlook is rela

Reuters - 2 mesi fa

Danske Bank, Lotus Bakeries NV, Vesuvius

EUROPE RESEARCH ROUNDUP-Danske Bank, Lotus Bakeries NV, Vesuvius Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Lotus Bakeries NV and Vesuvius, on Tuesday. HIGHLIGHTS * Abrdn Plc ABDN.L : Morgan Stanley raises target price to 160p from 149p * Danske Bank DANSKE.CO : Morgan Stanley initiates coverage with overweight rating * Lotus Bakeries NV LOTB.BR : Berenberg raises target price to EUR 10,300 from EUR 9,000 *

Reuters - 2 mesi fa

Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds HSBC, Danone, Hugo Boss, updates Yandex Aug 6 (Reuters) - Some 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 Cap

Reuters - 2 mesi fa

Stora Enso expects high costs, market uncertainty to continue in 2024

UPDATE 2-Stora Enso expects high costs, market uncertainty to continue in 2024 Adds shares reaction in paragraph 2, analysts comments, background in 9-11 July 24 (Reuters) - Stora Enso STERV.HE expects pressure from high wood costs and market uncertainties to continue throughout 2024, the Finnish forestry firm said on Wednesday. The company's shares were down 4.7% at 0830 GMT.

Reuters - 2 mesi fa

Stora Enso Q2 Operational EBIT Up At EUR 161 Mln

BRIEF-Stora Enso Q2 Operational EBIT Up At EUR 161 Mln July 24 (Reuters) - Stora Enso Oyj STERV.HE : Q2 SALES EUR 2,301 MILLION VERSUS EUR 2,377.7 MILLION SEEN IN VARA RESEARCH CONSENSUS Q2 OPERATIONAL EBIT EUR 161 MILLION VERSUS EUR 160.3 MILLION SEEN IN VARA RESEARCH CONSENSUS OUTLOOK FOR Q3 IS SLIGHTLY POSITIVE, SUPPORTED BY STRONG ORDER BOOKS A

Reuters - 2 mesi fa

Stora Enso misses second quarter sales expectations

Stora Enso misses second quarter sales expectations July 24 (Reuters) - Finnish forestry firm Stora Enso STERV.HE posted on Wednesday lower-than-expected revenue in the second quarter of 2024 and said it expects pressure from high wood costs and market uncertainties to continue throughout the year. Reporting by Boleslaw Lasocki; Editing by Jacqueli

Reuters - 2 mesi fa

Stora Enso appoints Niclas Rosenlew as new CFO

UPDATE 1-Stora Enso appoints Niclas Rosenlew as new CFO Adds detail on start date, background COPENHAGEN, July 24 (Reuters) - Finnish forestry firm Stora Enso STERV.HE said on Wednesday it had appointed Niclas Rosenlew, who is currently chief financial officer at Swedish industrial bearings maker SKF SKFb.ST , as its new CFO. SKF SKFb.ST had announced Rosenlew's resignation late on Tuesday.

Reuters - 2 mesi fa

Stora Enso Appoints Niclas Rosenlew As New CFO

BRIEF-Stora Enso Appoints Niclas Rosenlew As New CFO July 24 (Reuters) - Stora Enso Oyj STERV.HE : STORA ENSO APPOINTS A NEW CFO AND A NEW EVP PACKAGING SOLUTIONS DIVISION STORA ENSO APPOINTS A NEW CFO AND A NEW EVP PACKAGING SOLUTIONS DIVISION ROSENLEW WILL LEAVE STORA ENSO TO CONTINUE HIS CAREER OUTSIDE COMPANY NICLAS ROSENLEW IS CURRENTLY GROUP

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