All the updated news related to ds smith

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City

Packaging business DS Smith posts profit rise despite cost increases

Packaging business DS Smith has ended the year with a jump in profit, despite being affected by “significant cost increases”. The company has reported a pre-tax profit of £378 million over the year to April, representing a 71% increase against the ...

21 Jun 2022 at 14:48

City

DS Smith agrees £5.8bn takeover by US suitor

UK packaging giant DS Smith has agreed a £5.8 billion takeover by a US rival after the suitor emerged victorious in a bidding battle for the firm. Under the all-share deal, Memphis-based International Paper will own around 66.3% of the combined ...

16 Apr 2024 at 09:31

City

DS Smith boss insists £5.8bn takeover remains on track amid concerns over deal

The boss of packaging giant DS Smith has insisted the group is pressing ahead with its £5.8 billion sale to a US rival as speculation grows that the deal may be in jeopardy. DS Smith – which counts customers including Amazon and consumer goods ...

20 Jun 2024 at 09:27

City

DS Smith reveals £100m support for pension fund amid mini-budget market chaos

Packaging firm DS Smith has revealed it loaned its pension scheme up to £100 million to help it weather the stock market turmoil in the aftermath of the disastrous mini-budget. In its half-year results, DS Smith said it made the cash funding ...

08 Dec 2022 at 15:16

City

Potential DS Smith bidder would keep London HQ and list shares in the City

The US company eyeing a multibillion-pound takeover battle for one of Britain’s biggest packaging companies has said that it would establish a European headquarters in London and seek to list its shares in the City. International Paper said ...

04 Apr 2024 at 14:14

City

DS Smith approached by Mondi over potential £10bn packaging merger

London’s Mondi has proposed creating a more than £10 billion packaging giant in a renewed approach for rival DS Smith, it was revealed on Thursday. Three years after reportedly mulling an approach for the business, Mondi has expressed ...

08 Feb 2024 at 13:25

City

International Paper to close five UK packaging sites, putting 300 jobs at risk

US packaging maker International Paper has announced plans to close five sites in the UK, putting about 300 jobs at risk, following its acquisition of DS Smith. The company said it needs to become more efficient and respond to the ...

23 May 2025 at 09:28

City

DS Smith shares lift after Mondi takeover deal agreed

Shares in packaging firm DS Smith jumped after it agreed a £5.1 billion takeover by rival Mondi. The mega-merger is set to create a paper and packaging giant worth more than £10 billion in value. Last month, London’s Mondi said ...

08 Mar 2024 at 11:40

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