Smurfit Kappa looks to ditch London as it plots merger with US rival West Rock Retail Irish packaging giant Smurfit Kappa has confirmed it is in advanced discussions to merge with US rival West Rock.
Smurfit Kappa reaches deal on mega-merger with US rival WestRock in move away from London Mega-deal London-listed Smurfit Kappa will form one of the world’s largest packaging companies as it announced a multi-billion tie-up with US rival WestRock. The Ireland-headquartered business said that the merger would create a giant with around 34 billion US dollars (£27 billion) in combined revenue last year. The deal will help Smurfit break into the US [...]
Smurfit Kappa revenues slip as Irish giant prepares for merger PACKAGING Irish packaging giant Smurfit Kappa saw profit before income tax drop 18 per cent last year, as the firm prepares to merge into one of the largest packaging companies in the world. In the FTSE 100 firm’s full year results for 2023, it revealed that revenue had dropped 12 per cent, from €12.8bn in 2022 [...]
Exclusive: The billions of dirty money in the City despite FCA scandals that rocked HSBC and NatWest November 29, 2022 Going back more than a decade, in the summer of 2012, HSBC was fined $1.9bn for inadequate compliance and anti-money laundering control processes. The banking giant was found guilty of providing money laundering services to drug cartels as well as terrorist groups in the Middle East. Ten years on, money laundering is still a serious problem. Less [...]
Smurfit Kappa share price rises as decline in box demand continues to slow November 1, 2023 Box demand in the third quarter was around two per cent behind 2022 levels versus seven per cent and -five per cent in the first and second quarters, respectively
Birkenstock: Hippie sandal files for NYSE listing in further boost for US market September 13, 2023 Sandal maker Birkenstock has filed for an initial public offering on the New York Stock exchange, in a further boost for the US market.
Universal record label settles UK dispute with King Crimson over Kanye West ‘Power’ sample May 15, 2024 The Universal Music Group has settled a UK lawsuit with a representative for English rock band King Crimson over royalties for Kanye West's 'Power' song
FTSE 100 close: London markets mixed as weaker pound helps offset fears over China September 7, 2023 The FTSE 100 climbed 0.1 per cent to trade at 7,434.79 although the FTSE 250 remained in negative territory, down 0.1 per cent at 18,425.43.
‘I went to Los Angeles dive bars to relive my teenage rock ‘n’ roll dream’ December 7, 2023 Los Angeles has some of the most famous rock 'n' roll dive bars in America. Damien Gabet went on a pilgrimage to the West Coast to relive his teenage dream
Only fast fixes can save the London Stock Exchange from a 2024 exodus February 9, 2024 The London Stock Exchange has been bruised and battered over the past two years. James Ashton, CEO of the Quoted Companies Alliance, warns the Chancellor the time is now for action