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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CAC 40 Rises To Near 7-month High
French stocks are up in positive territory Wednesday morning, tracking positive cues from other markets in Europe, amid hopes the European Central Bank will lower interest rate, and that there will be a couple of interest rate cuts by the Federal Reserve this year.
Concerns about imposition of trade tariffs by the Trump administration weigh a bit, limiting market's upside.
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DAX Rises On Rate Cut Hopes, Adidas' Upbeat Results
Despite lingering concerns about potential trade tariffs, German stocks are up firmly in positive territory Wednesday morning, reacting to upbeat earnings updates from Adidas, and U.S. President Donald Trump's announcement of a big investment in AI infrastructure in the United States.
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Netflix Stock Gains On Upbeat Q4, Bullish Guidance
Netflix Inc.'s shares gained around 14 percent in the after-hours trading on Tuesday and are currently up 14 percent in the pre-market activity, as the streaming video giant issued positive outlook for its first quarter and lifted fiscal 2025 view. The fourth-quarter earnings beat market estimates with significant growth. The results and outlook mainly reflected 19 million net additions...
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Pound Slides Amid BoE Rate Cut Speculation
The British pound weakened against other major currencies in the Asian session on Wednesday, as traders speculate a rate cut by the Bank of England (BoE) in February.
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European Shares Edge Higher On Rate-cut Optimism
European stocks edged higher on Wednesday despite U.S. President Donald Trump repeating his threat to impose tariffs on EU goods entering the States.
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Asian Shares Mixed Amid Trump's Tariff Threats
Asian stocks ended mixed on Wednesday, with Chinese and Hong Kong markets falling sharply after U.S. President Donald Trump threatened tariffs on the EU and China to address trade imbalances and combat fentanyl trafficking.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the Asian session on Wednesday.
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Yen Falls As Asian Stock Markets Traded Higher
The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Asian stock markets traded higher following the broadly positive cues from global markets overnight, as optimism about a few interest rate cuts by the U.S. Fed this year, and a drop in global bond yields. Markets in China and Hong Kong were down as the U.S. administration was discussing a 10 tariff against China and said tariffs on China could hinge on a deal over TikTok's ownership.
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