UPM-Kymmene

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Reuters - 5 days ago

Alstom, Siemens, Tesco

EUROPE RESEARCH ROUNDUP-Alstom, Siemens, Tesco Sept 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Siemens and Tesco, on Friday. HIGHLIGHTS * Alstom ALSO.PA : HSBC raises target price to EUR 26 from EUR 24 * Hexagon AB HEXAB.ST : HSBC cuts target price to SEK 110 from SEK 120 * Siemens AG SIEGN.DE : HSBC cuts target price to EUR 140 from EUR 150 * Tesco TSCO.L : Citigroup raises target price to 425p from 350p * Travis P

Reuters - 6 days ago

Banco, Shell, WH Smith

EUROPE RESEARCH ROUNDUP-Banco, Shell, WH Smith Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco, Shell and WH Smith on Thursday. HIGHLIGHTS * ABN Amro Bank NV ABNd.AS : JP Morgan raises to neutral from underweight * Banco Bpm BAMI.MI : JP Morgan raises to neutral from underweight * Shell Plc SHEL.L : Berenberg cuts target price to 3,100p from 3,400p * UMG UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.50 *

Reuters - 1 week ago

Finnish forestry firms pledge to protect wildlife after endangered mussels crushed

Finnish forestry firms pledge to protect wildlife after endangered mussels crushed By Essi Lehto and Elviira Luoma HELSINKI, Sept 10 (Reuters) - Finnish forestry companies will work with the government to protect wildlife and avoid a repeat of an incident in August when endangered river pearl mussels were crushed by forestry machines, Environment Minister Kai Mykkanen said.

Reuters - 1 week ago

European companies cut jobs as economy sputters

RPT-FACTBOX-European companies cut jobs as economy sputters Repeats with no changes to text to add 'Factbox' tag in headline Sept 10 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of June: BANKS * DNB DNB.OL : The Norwegian lender said on Sept.

Reuters - 1 week ago

European companies cut jobs as economy sputters

European companies cut jobs as economy sputters Adds DNB Sept 10 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of June: BANKS * DNB DNB.OL : The Norwegian lender said on Sept. 10 it would cut the equivalent of 500 full-time jobs over the next six months, as it prepares for lower interest rates and tougher competition ahead.

Reuters - 2 weeks ago

Forestry group UPM says it aims to return to earnings growth

UPDATE 2-Forestry group UPM says it aims to return to earnings growth Adds CEO statement in paragraphs 3-4, updates share price HELSINKI, Sept 5 (Reuters) - Finnish forestry group UPM UPM.HE aims to return to earnings growth after years of big investments and headwinds caused by the pandemic and Russia's war on Ukraine, the company said on Thursday. "We are coming to the end of a historical investment cycle for UPM," Chief Financial Officer Tapio Korpeinen told investors, adding that the company

Reuters - 2 weeks ago

Forestry group UPM says it aims to resume earnings growth

Forestry group UPM says it aims to resume earnings growth HELSINKI, Sept 5 (Reuters) - Finnish forestry group UPM UPM.HE aims to resume earnings growth after five volatile years, Chief Financial Officer Tapio Korpeinen said on Thursday. Reporting by Elviira Luoma and Essi Lehto, editing by Anna Ringstrom

Reuters - 2 weeks ago

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Telia Sept 4 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * PKP CARGO PKPP.WA : Poland's largest freight co

Reuters - 3 weeks ago

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Shell Aug 30 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * PKP CARGO PKPP.WA : Poland's largest freight co

Reuters - 3 weeks ago

UPM Has Applied For Listing Of Its Fourth Green Bond To Euronext Dublin

BRIEF-UPM Has Applied For Listing Of Its Fourth Green Bond To Euronext Dublin Aug 29 (Reuters) - UPM-Kymmene Oyj UPM.HE : UPM HAS APPLIED FOR LISTING OF ITS FOURTH GREEN BOND TO EURONEXT DUBLIN LISTING OF A EUR 600 MILLION GREEN BOND UNDER ITS EURO MEDIUM TERM NOTE (EMTN) PROGRAMME BOND MATURES IN AUGUST 2034 AND PAYS A FIXED ANNUAL COUPON OF 3.375

Reuters - 3 weeks ago

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Tamedia, UPM Aug 27 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * PKP CARGO PKPP.WA : Poland's largest fre

Reuters - 3 weeks ago

UPM To Close Biocomposites Business By End Of 2024

BRIEF-UPM To Close Biocomposites Business By End Of 2024 Aug 26 (Reuters) - UPM-Kymmene Oyj UPM.HE : CHANGE NEGOTIATIONS CONCLUDED, UPM TO CLOSE BIOCOMPOSITES BUSINESS BY END OF 2024 CHANGE NEGOTIATIONS HAVE NOW BEEN COMPLETED IN FINLAND AND GERMANY TOTAL OF 59 JOBS WILL BE AFFECTED DECISION TO DISCONTINUE BIOCOMPOSITES BUSINESS MEANS END OF PRODUC

Reuters - 4 weeks ago

UPM Fibres Renews Its Organisation

BRIEF-UPM Fibres Renews Its Organisation Aug 23 (Reuters) - UPM-Kymmene Oyj UPM.HE : UPM FIBRES RENEWS ITS ORGANISATION, PETRI HAKANEN APPOINTED SVP, FIBRES FINLAND OPERATIONS UPM FIBRES RENEWS ITS ORGANISATION BY CENTRALISING ITS PRODUCTION OPERATIONS IN FINLAND UNDER ONE TOP LEVEL ORGANISATION AS OF 1 OCTOBER 2024, UPM FIBRES WILL CONSIST OF TWO

Reuters - 4 weeks ago

Kymmene's UPM Pulp Curtails Production At Kymi And Kaukas Pulp Mills

BRIEF-UPM-Kymmene's UPM Pulp Curtails Production At Kymi And Kaukas Pulp Mills Aug 22 (Reuters) - UPM-Kymmene Oyj UPM.HE : UPM PULP CURTAILS PRODUCTION AT KYMI AND KAUKAS PULP MILLS UPM KAUKAS AND UPM KYMI PULP MILLS IN FINLAND WILL ADJUST THEIR PRODUCTION TEMPORARILY TO MEET MARKET CONDITIONS SHUTDOWN OF KAUKAS PULP MILL WILL START ON 9 SEPTEMBER

Reuters - 4 weeks ago

Finland's UPM curtails output at two pulp mills

UPDATE 1-Finland's UPM curtails output at two pulp mills Adds detail on curtailment period in paragraphs 2-3 COPENHAGEN, Aug 22 (Reuters) - Fini sh forestry group UPM-Kymmene UPM.HE said on Thursday it would curtail output at two of its pulp mills in the Nordic country for about three weeks to meet market conditions. T he company's Kaukas mill will be curtailed as of Sept.

Reuters - 4 weeks ago

Finland's UPM curtails output at two pulp mills

Finland's UPM curtails output at two pulp mills COPENHAGEN, Aug 22 (Reuters) - Finland's UPM-Kymmene UPM.HE said on Thursday it would curtail output at two of its pulp mills in the Nordic country for about three weeks to meet market conditions. Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik

Reuters - 4 weeks ago

Kymmene Oyj Says It Has Successfully Issued A New EUR 600 Mln Green Bond

BRIEF-UPM-Kymmene Oyj Says It Has Successfully Issued A New EUR 600 Mln Green Bond Aug 21 (Reuters) - UPM-Kymmene Oyj UPM.HE : UPM-KYMMENE OYJ - UPM HAS SUCCESSFULLY ISSUED A NEW EUR 600 MILLION GREEN BOND Source text for Eikon: ID:nWkr8jdBHN Further company coverage: UPM.HE

Reuters - 4 weeks ago

UPM: Closure Of Two Mills In Germany Affects 338 Positions

BRIEF-UPM: Closure Of Two Mills In Germany Affects 338 Positions Aug 21 (Reuters) - UPM-Kymmene Oyj UPM.HE : CLOSES HÜRTH NEWSPRINT MILL AND ONE FINE PAPER MACHINE AT NORDLAND PAPIER - PARTICIPATION PROCESS WITH THE EMPLOYEE REPRESENTATIVES CONCLUDED BOTH MILLS ARE LOCATED IN GERMANY NUMBER OF POSITIONS AFFECTED IS 338 RESPECTIVE PARTICIPATION PRO

Reuters - 4 weeks ago

Barclays neutral on Holmen, but prefers it over Stora Enso and SCA

BUZZ-Barclays neutral on Holmen, but prefers it over Stora Enso and SCA ** Barclays initiates Holmen HOLMb.ST with "equal-weight" and PT of SEK 390, and says it prefers the Swedish paper products maker over Stora Enso STERV.HE and Svenska Cellulosa (SCA) SCAb.ST (both "underweight") ** The brokerage likes Holmen's strategy of expanding its renewabl

Reuters - 1 month ago

JPM says extra pulp supply to weigh on prices for Nordic forestry firms

BUZZ-JPM says extra pulp supply to weigh on prices for Nordic forestry firms ** J.P.Morgan expects difficulties for Nordic forestry firms in the short term due to a potential decline in pulp prices ** New pulp supply from Cerrado and Liansheng might push prices temporarily below cost support in the near term, JPM says ** Medium-term outlook is rela

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