Advertisement
UK markets open in 2 hours 1 minute
  • NIKKEI 225

    38,104.87
    +143.07 (+0.38%)
     
  • HANG SENG

    16,469.29
    +217.45 (+1.34%)
     
  • CRUDE OIL

    82.78
    +0.09 (+0.11%)
     
  • GOLD FUTURES

    2,389.10
    +0.70 (+0.03%)
     
  • DOW

    37,753.31
    -45.66 (-0.12%)
     
  • Bitcoin GBP

    49,401.95
    -2,084.09 (-4.05%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    15,683.37
    -181.88 (-1.15%)
     
  • UK FTSE All Share

    4,273.02
    +12.61 (+0.30%)
     

BUZZ-DS Smith: Stock up as Barclays initiates with "overweight"

** Packaging provider DS Smith (Other OTC: DITHF - news) (+4.5 pct) on top of FTSE midcap index after Barclays (LSE: BARC.L - news) initiates coverage at "overweight" (TP 465p)

** Brokerage says co to benefit from higher demand from FMCG clients as it generates stable cash flows with rising returns and dividends as 78 pct sales come from FMCG

** Falling pound also benefitting co, analysts add

** About a fourth of 30-day average volumes traded by 0714 GMT

** Up to Thursday's close, stock +c.0.38 pct YTD compared with a 3.68 pct rise in the STOXX Industrial Goods and Services Index ; co biggest gainer on index (Sanjeeban.Sarkar.thomsonreuters.com@reuters.net)