City set for takeover battle as rivals enter bidding for DS Smith M&A A US-listed paper producer has thrown a spanner into the works of Mondi's takeover of DS Smith, with a potential £5bn-plus bid of its own.
Packaging giant DS Smith cites ‘difficult’ conditions as e-commerce boom loses momentum 'Difficult' times for packaging industry, says DS Smith Packaging giant DS Smith has suffered from weak paper prices and worse-than-expected volumes over the last six months, amid “difficult” market conditions. It comes as analysts projected that the industry’s momentous growth on the back of online shopping in recent years appears to be losing steam. Shares in DS Smith fell 7.1 per cent today. [...]
Serco turnaround boss Soames joins packaging firm DS Smith board Rupert Soames, chief executive of outsourcing giant Serco, has joined packaging firm DS Smith as a non-executive director and member of its board. The news buoyed the FTSE 100 packaging supplier’s shares, as the company expects to benefit from the businessman’s “hands-on experience of the UK plc environment. Read more: Serco wins billion-dollar Australian army [...]
DS Smith hurt by fears weaker euro will weigh on earnings June 26, 2014 SHARES in cardboard maker DS Smith fell 5.9 per cent yesterday after it announced it expected earnings to be hit this year due to a weaker euro and difficult economic conditions in Europe. Although DS Smith posted good results for the last financial year – pre-tax profits more than doubled to £167m, up 104 per cent [...]