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UPM-Kymmene

Technical Summary

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News

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds details on fresh job cuts July 9 (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 layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO
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Top of the Street: Kingfisher, Naturgy, paper & packaging firms

BUZZ-Top of the Street: Kingfisher, Naturgy, paper & packaging firms A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** RBC raises Naturgy NTGY.MC to "sector perform" from "underperform" following a stock price correction after TAQA and Criteria dropped a plan to jointly bid for the Spanish utility ** Deutsche Bank raises British home improvement retailer Kingfisher KGF.L to "buy" from "hold", citing "robust" income growth, increased consumer confidence, po
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Stifel starts UPM with 'buy' amid rising wood costs in Nordics

BUZZ-Stifel starts UPM with 'buy' amid rising wood costs in Nordics ** Stifel initiates UPM-Kymmene UPM.HE with "buy" rating, while it rates the Finnish forestry firm's Nordic peers with "hold" ** Stifel notes UPM's strong balance sheet and improved revenue mix, adding that the company has managed the decline in graphic paper by closing and selling
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UPM And Nokian Tyres Partner

BRIEF-UPM And Nokian Tyres Partner June 27 (Reuters) - UPM-Kymmene Oyj UPM.HE : UPM AND NOKIAN TYRES PARTNER TO INTRODUCE FIRST CONCEPT TIRE WITH UPM BIOMOTION TM RENEWABLE FUNCTIONAL FILLERS Source text for Eikon: ID:nWkr7n7fWD Further company coverage: UPM.HE (Gdansk Newsroom)
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JPM starts Holmen at 'underweight' on below-peers mill timber EPS growth

BUZZ-JPM starts Holmen at 'underweight' on below-peers mill timber EPS growth ** J.P.Morgan initiates Swedish paper products maker Holmen HOLMb.ST with "underweight", saying its mill timber EPS growth is the lowest among peers ** It prefers Finland's UPM UPM.HE and Stora Enso STERV.HE , considering its broadly positive mill timber view on the secto
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