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BUZZ-Mondi: Q1 results boost stock to the top of the FTSE

Reuters - UK Focus

** Packaging and paper company Mondi (LSE: MNDI.L - news) 's shares up 3.3 pct, top of the FTSE after reporting 14 pct rise in Q1 underlying profit

** Co reports strong performance in consumer packaging, better sales in South Africa

** Jefferies reaffirms "buy" rating on co, adds possible short squeeze today given fears of downgrades

** Shares (Berlin: DI6.BE - news) breaking through 200-day SMA, nearly 50 pct of its daily avg gone through by 0815 GMT

(venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)