Markets Explainer: Why €1.5bn bet against Smurfit Kappa is sign of faith in WestRock ‘mega-merger’Funds have taken short positions against nearly 14 per cent of Smurfit stock – but it’s not what it looks like
Markets Funds short €1.4bn of Smurfit Kappa stock ahead of WestRock mergerNearly 14 per cent of company’s shares are being shorted as funds try to capitalise on its pending merger with US packaging company
Stock Take Smurfit Kappa shares surge as ‘excitement’ rises over €20bn mergerDespite some criticism over its deal with WestRock, investors have rallied behind the management of the Dublin-listed packaging giant
Companies Smurfit Kappa eyes return to growth this year after profits fell during ‘difficult’ 2023The Irish paper and packaging giant reported a double-digit decline in sales and profits last year due to falling prices and weak demand
Companies Smurfit Kappa invests €54m to double capacity of Spanish bag-in-box facilityIrish paper and packaging giant said the expansion of its facility in Alicante will create 200 new jobs
Markets Market wrap: Corre Energy tumbles as focus shifts to US stocksInvestors will be watching for results from the Republican presidential primary as voters in New Hampshire head to the polls.
Aviation Ireland is a true global leader in aviation leasing, and we must replicate that success Tony Ryan’s legacy to Irish business extends far beyond the hundreds of Ryanair jets that bear his name today
Companies Ireland’s M&A pipeline: experts predict a rebound in 2024Despite the headwinds last year, activity in the Irish market remained strong and five people involved forecast another buoyant year
Companies Davy raises price target on Smurfit Kappa shares and forecasts profits of over €2bnThe stockbroker said it expects investor confidence to build in the Irish packaging giant this year as its merger with US rival Westrock inches closer
Opinion Smurfit’s mega-merger with Westrock appears fraught on paperAn institutional investor is querying the rationale behind the Irish packaging giant’s $20bn tie-up with the US firm that will catapult it into being a global leader in the sector
Companies Outgoing WestRock boss in line for €33.3m bonus following Smurfit Kappa merger Smurfit Kappa and WestRock will merge into a singular, Irish-headquartered entity next year
The Last Post X is for Twitter: Matt Cooper’s A to Z of Irish business stories in 2023Our columnist takes a look back at a bumpy year in Irish business
Markets Market Wrap: Irish stock exchange extends gains as euro climbsEuro advanced 0.4 per cent to reach $1.10 for the first time since August
Markets Markets Update: Smurfit, AIB and Glanbia trading up on buoyant ISEQ after Q3 results Uniphar led Euronext Dublin higher as the exchange’s biggest gainer, up 5.97 per at lunchtime
Companies Smurfit Kappa reports double-digit drop in third quarter sales and profits The paper and packaging giant said it remains on track to deliver full year earnigns of more than €2 billion
Markets Hedge funds take shorts worth 3.5 per cent of shares in Smurfit KappaStock in Irish paper company Smurfit Kappa has fallen 14.3 per cent this year
Companies Markets update: Irish stocks plunge as investor concerns mount over Middle East conflictShares in some of the largest companies on the Irish stock exchange are down sharply this morning
Budget 2024 Stock exchange: Ailing Euronext’s pleas for stamp duty cut ignoredSimon Coveney confirms government will not introduce tax incentives on trading to support the country’s public equity markets
Stock Take It makes sense for growing Irish firms to leave for bigger stock exchanges Euronext has called for stamp duty to be scrapped on share trading – but it might not be enough to halt the exodus of companies
Companies Revenues slide at ailing Irish stock exchange ISEQ’s turnover fell to €39.6 million as pressure mounts to retain firms