Sappi makes shareholders happy
Sappi (JO:SAPJ) was the talk of the market yesterday after releasing a strong quarterly update for the period ended December 2021. The share price rallied 20% in response before settling...
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The Week Ahead - market updates
US jobsThe US economy created 467 000 jobs in Jan, much higher than the consensus expectations for 150 000, notably due to job gains in the leisure and hospitality sector, which confounded...
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BRIEF-Sappi Ltd Qtrly Headline Loss Per Share 3 Cents
May 6 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SECOND QUARTER RESULTS FOR THE PERIOD ENDED MARCH 2021* SAPPI LTD - QTRLY SALES $1 284 MILLION VERSUS $1,308 MILLION REPORTED A YEAR EARLIER*...
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BRIEF-Sappi Says Prices €400 Mln Senior Notes Offering
March 11 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SAPPI PRICES €400 MILLION SENIOR NOTES OFFERING* SAPPI LTD - PRICED SAPPI PAPIER HOLDING GMBH'S BOND OFFERING TO RAISE EUR 400 MILLION OF...
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BRIEF-Sappi Announces 350 Mln Eur Senior Notes Offering
March 8 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SAPPI ANNOUNCES €350 MILLION SENIOR NOTES OFFERING* SAPPI LTD - NET PROCEEDS FROM THIS OFFERING WILL BE USED TO REDEEM ALL OF SPH'S...
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BRIEF-Sappi Says It Expects Q2 EBITDA To Improve Relative To Q1
Feb 3 (Reuters) - Sappi Ltd SAPJ.J :* FIRST QUARTER RESULTS FOR THE PERIOD ENDED DECEMBER 2020* QTRLY SALES $1 163 MILLION VERSUS $1 302 MILLION REPORTED A YEAR EARLIER* Q1 UNDERLYING EBITDA...
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BRIEF-Sappi Ltd Qtrly Headline Loss/Share 3 US Cents
Feb 3 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - FIRST QUARTER RESULTS FOR THE PERIOD ENDED DECEMBER 2020* Q1 UNDERLYING EBITDA 98 MILLION USD* NET DEBT FOR QUARTER INCREASED BY US$99...
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BRIEF-Sappi Appoints Marco Eikelenboom As CEO Of Its European Operations
Dec 3 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SAPPI APPOINTS MARCO EIKELENBOOM AS CHIEF EXECUTIVE OFFICER OF ITS EUROPEAN OPERATIONS
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BRIEF-Sappi Ltd Says Ninety One SA's Total Beneficial Interest In Co As Of Nov 25 Was 10%
Nov 27 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - TRP121 : NOTIFICATION OF ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES* SAPPI LTD - NINETY ONE SA'S TOTAL BENEFICIAL INTEREST IN COMPANY...
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BRIEF-Sappi Announces Final Terms Of Offering Of Bonds Due 2025 Of Zar 1.80 Bln
Nov 18 (Reuters) - Sappi Ltd SAPJ.J :* SAPPI -ANNOUNCES FINAL TERMS OF OFFERING OF SENIOR, UNSECURED, CONVERTIBLE REGISTERED BONDS DUE 2025 WITH AGGREGATE PRINCIPAL AMOUNT OF ZAR 1.80...
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BRIEF-Sappi Announces Launch Of Offering Of Senior, Unsecured, Convertible Registered Bonds Due In 2025
Nov 18 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SSA07 - SAP SSAI - SAPPI SOUTHERN AFRICA LIMITED SENIOR UNSECURED CONVERTIBLE REGISTERED BOND OFFERING* SAPPI LTD - LAUNCH OF OFFERING OF...
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BRIEF-Sappi Ltd Qtrly Headline Loss/Share 14 US Cents
Nov 5 (Reuters) - Sappi Ltd SAPJ.J :* SAPPI LTD- QTRLY SALES OF $1 092 MILLION VERSUS $1,454 MILLION* SAPPI LTD - QTRLY HEADLINE LOSS PER SHARE 14 US CENTS* SAPPI LTD- Q1 SALES VOLUMES WILL...
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BRIEF-Sappi Says Covenant Suspension Period Extended To Sept. 2021
Oct 7 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SAPPI ANNOUNCES COVENANT WAIVER EXTENSION* SAPPI LTD - SUCCESSFULLY RENEGOTIATED COVENANT SUSPENSION PERIOD APPLICABLE TO OUR CREDIT FACILITY...
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UPDATE 1-S.Africa's rand tumbles to 3-week low, stocks fall as earnings disappoint
(Adds latest prices, analysts quotes)JOHANNESBURG, July 30 (Reuters) - South Africa's rand weakened more than 2% on Thursday, falling alongside other emerging market currencies as a surge in...
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BRIEF-Sappi Says QTRLY Headline Loss Per Share 12 Cents
July 30 (Reuters) - Sappi Ltd SAPJ.J :* DECLINE IN GRAPHIC PAPER DEMAND IN EUROPE AND US DUE TO COVID-19 REACHED A LOW IN JUNE, AND A SLOW RECOVERY IS UNDERWAY* EXPECT SLOW RECOVERY IN OUR...
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BRIEF-Sappi Announces Closure of PM2 at Stockstadt Mill In Germany As Well As PM9 And The Energy Complex At Westbrook Mill In The USA
July 9 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - CLOSURE OF PM2 AT STOCKSTADT MILL IN GERMANY AS WELL AS PM9” AND THE ENERGY COMPLEX AT WESTBROOK MILL IN THE USA* SAPPI LTD - TWO DECISIONS...
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BRIEF-Sappi Says Ninety One SA's Total Interest In Co Increased To 10%
July 3 (Reuters) - Sappi Ltd SAPJ.J :* NINETY ONE SA'S TOTAL BENEFICIAL INTEREST IN COMPANY AS OF 02 JULY 2020 HAS INCREASED TO 10% OF ISSUED CAPITAL OF COMPANY
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BRIEF-Sappi Says Will Not To Proceed With 250 Million Euros Senior Notes Offering
May 15 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SAPPI NOT TO PROCEED WITH €250 MILLION SENIOR NOTES OFFERING AT THIS TIME DUE TO MARKET CONDITIONS* SAPPI LTD - COMPANY IS IN A POSITION TO...
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BRIEF-Sappi Announces €250 Million Senior Notes Offering
May 14 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SAPPI ANNOUNCES €250 MILLION SENIOR NOTES OFFERING* SAPPI LTD - NOTES WILL BE ISSUED BY SAPPI PAPIER HOLDING GMBH, A SUBSIDIARY OF SAPPI...
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BRIEF-Sappi Reports Qtrly Sales $1,308 Mln Vs $1,503 Mln
May 7 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - RESULTS FOR THE QUARTER ENDED MARCH 2020* SAPPI LTD - QTRLY SALES $1,308 MILLION VERSUS $1,503 MILLION* SAPPI LTD - QTRLY NET DEBT OF...
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BRIEF-Sappi Ltd Says Board Volunteered 10% Reduction In Salaries For Three Months Ending June 2020
April 8 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SAPPI LIMITED BOARD AND LEADERSHIP TEAMS IMPLEMENT PAY CUT ; CONFIRM NO SHORT-TERM INCENTIVE BONUSES FOR 2020* SAPPI LTD - BOARD AND...
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BRIEF-Sappi Says Bank Consortium To Suspend Covenant Measurement In Principle For 4-Qtrs From June 2020-March 2021
March 30 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SAPPI UPDATE ON THE IMPACT OF COVID-19 AND DEBT COVENANT RELIEF* SAPPI LTD - AS OF 30 MARCH 2020, ALL OUR PRODUCTION, WAREHOUSING AND...
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BRIEF-Sappi Declares Force Majeure On The Vulindlela Expansion, Upgrade Project At Its Saiccor Mill
March 24 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - SAPPI HAS DECLARED FORCE MAJEURE ON THE VULINDLELA EXPANSION AND UPGRADE PROJECT AT ITS SAICCOR MILL* SAPPI - INFORMED SUPPLIERS, VENDORS,...
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South Africa's Eskom invites bids to plug short-term power gap
JOHANNESBURG, March 23 (Reuters) - South Africa's struggling state power utility Eskom offered on Monday to buy surplus electricity from existing generating plants, an indication it thinks...
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BRIEF-Sappi Ltd Says Public Investment Corporation SOC Increased Its Stake To 20.070% In Co
March 17 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - TRP121: NOTIFICATION OF ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES* PUBLIC INVESTMENT CORPORATION SOC INCREASED ITS STAKE TO 20.070%...
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BRIEF-Sappi Ltd Posts Qtrly Sales Of $1.30 Bln
Feb 5 (Reuters) - Sappi Ltd SAPJ.J :* JSE: SAP - RESULTS FOR THE QUARTER ENDED DECEMBER 2019* SAPPI LTD - QTRLY HEADLINE EPS 4 CENTS* SAPPI LTD - NET DEBT OF US$1,916 MILLION WAS US$359...
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UPDATE 1-Paper packaging company Mondi's top boss to leave
(Adds industry context)Jan 10 (Reuters) - Paper packaging company Mondi Plc's MNDI.L chief executive officer is stepping down after nearly three years in the role, a move that comes at...
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BRIEF-Sappi Reports Qtrly HEPS Of 11 Cents
Nov 14 (Reuters) - Sappi Ltd SAPJ.J :* SAPPI LTD - QTRLY SALES $1,454M VERSUS $1,535M* SAPPI LTD - QTRLY HEADLINE EPS 11 U.S. CENTS VERSUS 20 U.S. CENTS* SAPPI LTD - QTRLY BASIC EPS 9 U.S....
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UPDATE 2-South Africa's Ramaphosa cheers $24 bln more for investment drive
* Ramaphosa targeting $100 bln of new investments* Hoping to reduce unemployment and lift growth* Biggest commitments from domestic firms* Analysts say some pledges just operating costs...
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South Africa's Ramaphosa gets $13.5 bln of investment pledges at summit
By Mfuneko ToyanaJOHANNESBURG, Nov 6 (Reuters) - South African President Cyril Ramaphosa secured about 200 billion rand ($13.5 billion) of investment pledges, mainly from domestic companies,...
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BRIEF-Sappi Says All Conditions Fullfilled Realting to Matane Acquisition
Nov 4 (Reuters) - Sappi Ltd SAPJ.J :* ALL CONDITIONS PRECEDENT RELATING TO MATANE'S ACQUISITION BY CO HAVE NOW BEEN FULFILLED* ADJUSTED PURCHASE PRICE RELATING TO MATANE PURCHASE OF...
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BRIEF-Sappi Says Allan Gray's Total Beneficial Interest In Co Increased To 15.0364%
Aug 27 (Reuters) - Sappi Ltd SAPJ.J :* NOTIFICATION OF ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES* ALLAN GRAY'S TOTAL BENEFICIAL INTEREST IN COMPANY AS OF 26 AUGUST 2019 HAS...
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UPDATE 1-South Africa's rand firms, stocks flat
* Rand firms on China stimulus* Stocks tread water* Sasol results delayed on Lake Charles project (Updates prices, adds stocks)JOHANNESBURG, Aug 16 (Reuters) - South Africa's rand...
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UPDATE 1-South African rand bounces back after steep sell-off
(Updates throughout)JOHANNESBURG, Aug 15 (Reuters) - The South African rand ZAR=D3 gained more than 1 percent against the dollar on Thursday, pulling back from a steep sell-off as worries...
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UPDATE 1-South Africa's rand slips to new 11-month worst as local politics weigh
(Adds latest prices, analyst quotes.)JOHANNESBURG, Aug 12 (Reuters) - South Africa's rand weakened on Monday, stretching losses to a new 11-month low as political uncertainty and a...
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UPDATE 1-S.Africa's Sappi buys Canadian paper mill, Q3 profit falls
(Adds paper mill acquisition, details)JOHANNESBURG, Aug 1 (Reuters) - South African paper and pulp maker Sappi SAPJ.J said on Thursday its Canadian division was buying Matane hardwood pulp...
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BRIEF-Sappi Announces Proposed Acquisition Of Matane Mill From Rayonier Advanced Materials Group
Aug 1 (Reuters) - Sappi Ltd SAPJ.J :* PROPOSED ACQUISITION BY SAPPI OF MATANE MILL FROM THE RAYONIER ADVANCED MATERIALS GROUP* SAPPI CANADA ENTERPRISES SIGNS AGREEMENT TO BUY MATANE HIGH...
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BRIEF-Sappi Qtrly HEPS 2 U.S. Cents
Aug 1 (Reuters) - Sappi Ltd SAPJ.J :* RESULTS FOR THE QUARTER ENDED JUNE 2019* CAPITAL EXPENDITURE FOR REMAINDER OF YEAR IS EXPECTED TO BE APPROXIMATELY US$200 MILLION* QTRLY HEADLINE EPS 2...
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UPDATE 1-South Africa's rand, stocks slip as dollar bounces back
* Rand stalling as dollar rebounds, IMF clips growth forecast* Stocks slide on ECB, Fed cut bets(Adds latest prices, analyst comments)JOHANNESBURG, July 23 (Reuters) - South Africa's...
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UPDATE 1-South Africa's rand softer ahead of rate decision, stocks slide
(Adds latest prices, analyst quote) JOHANNESBURG, July 17 - South Africa's rand edged lower on Wednesday in cautious trade ahead of an interest rate decision that is set to test the...
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UPDATE 1-South Africa's rand inches weaker in wait-and-see session
(Adds latest prices, analyst comments) JOHANNESBURG, July 16 (Reuters) - South Africa's rand edged weaker in subdued trade on Tuesday with market participants awaiting a local lending rates...
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UPDATE 1-South Africa's rand set for weekly gains, stocks flat
(Updates rand, bonds; adds stocks) JOHANNESBURG, July 12 (Reuters) - South Africa's rand retreated from a five-month high on Friday as risk appetite subdued, but was on track for weekly...
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Update 1-South African rand slips after strong gains last week
(Updates throughout)JOHANNESBURG, June 24 (Reuters) - South Africa's rand slipped slightly on Monday after strong gains last week, as investors waited for direction from this...
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UPDATE 1-South Africa's rand drifts weaker on cabinet caution, stocks flat
* Rand drifts as markets await cabinet decision* Stocks flat, Telkom soars (Adds latest prices, analyst quotes)JOHANNESBURG, May 27 (Reuters) - South Africa's rand weakened slightly on...
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UPDATE 1-South African rand, stocks weaker on renewed trade war
(Adds stocks, fresh quotes, updates levels)JOHANNESBURG, May 9 (Reuters) - South Africa's rand gave up its earlier gains on Thursday as another round of risk selling in global markets...
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