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Smurfit Kappa Confirms SSK Paper Mill Unaffected In Sunday's Fire In Adjacent Premises
(RTTNews) - Smurfit Kappa Group plc (SKG.L) announced Monday that a fire broke out in an adjacent premises to the Smurfit Kappa SSK Paper Mill in Birmingham on Sunday evening at about 19.40 BST.
Though the high winds carried the fire which reached the mill's recovered fibre yard, the paper mill itself is unaffected and the company does not expect any material impact on production.
Smurfit Kappa also thanked both West Midlands Fire Service staff and the SSK team for their swift and professional response in controlling the fire within a few hours and ensuring the safety of all.
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European Stocks Close On Mixed Note After Cautious Session
European stocks recovered from early weakness and settled on a mixed note on Wednesday with investors largely making cautious moves amid renewed concerns about trade tensions following export restrictions on Nvidia's AI chips to China, and U.S. President Donald Trump's order for an investigation into potential tariffs on critical mineral imports.
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Energy, Materials Stocks Lift Canadian Market; BoC Holds Rates
Canadian stocks are up in positive territory Wednesday morning, led by gains in energy, communications and materials sectors. Stocks from real estate and utilities sections are also doing well.
Renewed worries about trade tensions weigh on sentiment, but higher commodity prices prompt investors to pick up resources stocks. Investors are also digesting the Bank of Canada's interest rate decision.
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vor 1Std 40 Minuten
U.S. Business Inventories Rise In Line With Estimates In February
A report released by the Commerce Department on Wednesday showed business inventories in the U.S. increased in line with economist estimates in the month of February. The Commerce Department said business inventories rose by 0.2 percent in February after climbing by 0.3 percent in January.
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vor 2Std 37 Minuten
U.S. Homebuilder Confidence Unexpectedly Inches Higher In April
The National Association of Home Builders released a report on Wednesday unexpectedly showing a slight improvement by U.S. homebuilder confidence in the month of April. The report said the NAHB/Wells Fargo Housing Market Index inched up to 40 in April after falling to 39 in March. Economists had expected the index to dip to 37.
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vor 2Std 48 Minuten
U.S. Industrial Production Falls 0.3% In March As Utilities Output Plummets
Reflecting a steep drop by utilities output, the Federal Reserve released a report on Wednesday showing U.S. industrial production decreased by slightly more than expected in the month of March. The Fed said industrial production fell by 0.3 percent in March after climbing by an upwardly revised 0.8 percent in February.
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vor 3Std 1 Minuten
Nvidia Sees $5.5 Bln Charge As US Restricts Chip Sales To China; Shares Down
Shares of Nvidia Corp. were losing around 6 percent in early morning trade on Wednesday on the Nasdaq, after the artificial intelligence chipmaker said that it would take $5.5 billion in charges after the U.S. government barred exports of its H20 AI chip to China, a key market.
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vor 3Std 13 Minuten
Bank Of Canada Leaves Interest Rates Unchanged Amid Tariff Uncertainty
Following a series of interest rate cuts over the past several months, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
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vor 3Std 19 Minuten
U.S. Industrial Production Falls Slightly More Than Expected In March
Reflecting a steep drop by utilities output, the Federal Reserve released a report on Wednesday showing U.S. industrial production decreased by slightly more than expected in the month of March.
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vor 3Std 43 Minuten
