|Bid||2,822.00 x 0|
|Ask||2,826.00 x 0|
|Day's range||2,762.00 - 2,844.00|
|52-week range||1,940.00 - 2,844.00|
|Beta (5Y Monthly)||1.09|
|PE ratio (TTM)||10.74|
|Forward dividend & yield||0.86 (3.20%)|
|1y target est||N/A|
* European shares off 21-month highs they hit yesterday * STOXX 600 down 0.2%, DAX down 0.02% * British stocks, pound lower as election nears * S&P 500 closed at record high * Earnings in focus: Stora Enso, Fresenius, BP Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org CLOSING SNAPSHOT: RED IS THE NEW BLACK (1720 GMT) After flying high yesterday, European bourses closed down today as weak earnings and the continuous uncertainty surrounding the UK election dampened the optimism fuelled by Monday's progress on the U.S.-China trade front. Investors avoided big bets as Boris Johnson continued to push for a pre-Christmas election which he hopes will land him a majority and the chance to finally get his Brexit deal through parliament.
European shares closed lower for the first time in seven sessions on Tuesday, as weak earnings dampened optimism surrounding the U.S.-China trade progress and ahead of an expected interest-rate cut by the U.S. Federal Reserve later this week. "The markets are at new highs in Europe and in the U.S. and that is also something that could be pushing investors to take some profit," said Roland Kaloyan, head of European equity strategy at Société Générale. Finnish paper firm Stora Enso's slumped 5.1% as its quarterly profit dropped and it warned of global political uncertainties.
Junk-rated firms Smurfit Kappa and Thyssenkrupp were overwhelmed with demand when they kicked off post-summer proceedings for the European high-yield market on Monday, as yield-starved investors piled into the new issues. With much of the European bond market now in negative-yielding territory, investors are being forced down the credit spectrum - allowing the likes of Smurfit Kappa and Thyssenkrupp to price deals at levels rarely seen before.
Junk-rated firms Smurfit Kappa and Thyssenkrupp were overwhelmed with demand when they kicked off post-summer proceedings for the European high-yield market on Monday, as yield-starved investors piled into the new issues. With much of the European bond market now in negative-yielding territory, investors are being forced down the credit spectrum - allowing the likes of Smurfit Kappa and Thyssenkrupp to price deals at levels rarely seen before. Packaging firm Smurfit Kappa caught the eye with its plans to sell 750 million euros ($835.80 million) of eight-year bonds at 1.5%, some of the lowest yields clocked in the European junk bond market for a new issue, particularly for one of such a long maturity.
The boss of Smurfit Kappa (Frankfurt: SK3.F - news) , Europe's biggest maker of cardboard boxes, has spoken of his anger at the company's business in Venezuela being seized by the country's Marxist government. President Nicolas Maduro's regime took control of Smurfit Kappa's Venezuelan operations, which employed 1,600 people and which owned production plants in Caracas and paper mills and a recycling plant elsewhere in the country, in August last year. The move followed a campaign of harassment and intimidation by government officials and immediately had a knock-on effect as consumer goods giant Colgate-Palmolive, a customer of Smurfit Kappa, was forced to halt production of detergents and soap because it no longer had boxes in which to ship its products.
Britain's FTSE 100 climbed to its highest in over four months on Wednesday as miners gained and upbeat earnings lifted packaging firms DS Smith and Smurfit Kappa, while reports Brexit could be delayed ...
The FTSE index was up 0.4 percent and the midcaps were 0.7 percent higher by 0950 GMT. Housebuilders Persimmon, Barratt and Taylor Wimpey - among those most vulnerable to a no-deal Brexit - were among the biggest gainers after midcap Galliford Try reported higher first-half profit that topped Liberum estimates.
DUBLIN (Reuters) - British Prime Minister Theresa May appears determined to try and avoid a no deal Brexit if she can, the chief executive of Irish packaging group Smurfit Kappa said following a call May ...
"I think she's determined to try and avoid a no deal Brexit if she can, because she recognises in talking to business that this could be very damaging for the UK economy and ergo jobs, and politically would be very bad for her," Tony Smurfit told Reuters in a telephone interview on Wednesday. "She is very conscious of the business position in Great Britain," added Smurfit, who said he took part in conference calls with May on Tuesday and last week.