Amcor PLC outperforms the Materials sector despite losses on the day
Here is the latest company close update for Amcor PLC, AMC.
Amcor
ASX ends up 0.5pc; Brookfield enters Insignia battle; former Star CEO cops ban
ASX 200 gains 0.5 per cent, led by resources, tech, property, industrials and communications. Macquarie weighs on financial sector. Google owner Alphabet’s earnings disappoint. Brookfield lobs new offer to takeover target Insignia. Amcor lifts on reaffirmed guidance, estimates win. Former Star CFO cops ban.
Orora’s shares hit hard by US tariff fears
The packaging maker remains in focus, but Amcor and BlueScope could be winners from the changes.
Amcor likely to seal deal for plastic container maker
Amcor’s $13bn acquisition of Berry Global Group appears likely to gain majority approval from the target’s shareholders.
GS, UBS on the ticket for Amcor’s $US8.4bn packaging deal
Amcor’s acquisition of rival Berry Global is one of the largest mergers and acquisitions deals in Australia’s industrials sector for some time.
ASX 200 down 0.6pc after record high but CBA hits another record
Australia’s stock market retreats from a record high, but CBA does it again with another record high close, Analysts unpack Amcor’s Berry buy. Freight issue risks Nick Scali profit. EV volatility hits PWR Holdings profit margins.
Packaging giants Amcor and Berry unite in $13bn deal
Amcor will acquire Berry Global in a $13bn all-stock deal, creating a packaging powerhouse with $37bn in revenues.
ASX 200 trims decline; Macquarie and Amcor fall; Zenith cuts Paradice midcap fund
Macquarie shares dive to a seven-week low after its interim profit falls short of analysts’ expectations. Zenith cuts Paradice midcap fund. Deloitte cutting more jobs. Amcor declines after maintains guidance. Global markets await US jobs data.
ASX ends higher on tech, property, banks as energy stocks hit
RBA governor says higher rates not off the table. Data centre operator NextDC’s top gainer after AirTrunk sale. Coronado dives on guidance. Downgrades add to oil price woes for ex-div Woodside and Santos. Apollo selldown hit for Challenger.
Resources, banks drive ASX 200 gains
ASX 200 soars to two-week high after strong US gains. RBA boss says no rate cuts likely in the near term. ASX Ltd dips amid calls for chair exit. Banks rise on positive signs for net interest margins. Dispute settlement lifts Synlait, A2M. PWR Holdings dives.
ASX 200 falls 1.2pc before US rate call
Rabobank sees two RBA rate hikes in 2024. Qantas rules out app cyber breach. Amcor up on results beat. Endeavour falls after Woolworths selldown. Inquiry head criticises Star’s slow reform.
Amcor to ‘keep moving’ as CEO quits for health reasons
A replacement search is underway for departing Amcor boss Ron Delia, who has led the world’s largest packaging company for nine years and notched up a place as one of the ASX’s top paid executives.
ASX trims gains; Godfreys to shut down
Sierra Rutile soars on unsolicited bid. Iconic retailer Godfreys to shutter. OreCorp lifts amid Perseus, Silvercorp tussle. Amcor falls on CEO’s retirement. Listed minnow slapped with huge fine.
Amcor bets the worst is behind it and lifts dividends
The world’s biggest packaging company has cut costs, lifted its dividend and reiterated its full-year profit guidance.
ASX lifts; Santos falls as merger talks end
Woodside up after ceasing talks; Santos boss confident about future. CSR drops on UBS downgrade. Woolworths, Coles defend against price gouging claims. Ross McEwan decided in 2023 to leave NAB.
ASX gains; BHP defends voice support
Speculation mining billionaire is buying Azure shares. IMF backs more RBA rate hikes. BHP bullish on potash. Cotton On profit sinks. Amcor affirms FY guidance. Vicinity Centres cautious on outlook.
Amcor tips ‘solid earnings growth’
The world’s largest packaging company predicts a return to growth in 2024 after inflation and cost of living pressures saw demand for its bottles and food packaging fall.
ASX down, Magellan taps new chair
Magellan appoints new chair. AUD below US64c. Jobs data weaker than expected. Inghams and Super Retail soar on dividend windfalls. No more staff cuts: Telstra boss.
ASX ends down 0.2pc: banks recover
Local stocks trim falls as banks recover. The S&P/ASX 200 ends down 0.2 per cent. Super fund returns up in April, but inflation a challenge. Macquarie buys REST’s Endeavour stake. Consumer spending, retail sales fall as expected.
Investors ditch Amcor after guidance cut
The packaging giant has cut its annual earnings guidance as it faces weaker demand, particularly in North America and Europe, for consumer goods.
ASX drops 1pc; NAB lifts rates; CBA cuts jobs
The sharemarket fell for a second day in a row, closing 1 per cent lower. NAB is the first major lender to lift rates after RBA’s 11th hike. Gabriel Govinda, better known online as Fibonarchery, sentenced to imprisonment and fined. CBA cuts 230 jobs.
Amcor boss more bearish on global economic outlook
The world’s largest packaging company has pushed through billions of dollars in price hikes to its customers to combat soaring inflation, which helped it grow sales and profit.
ASX rises; Boral, Suncorp jump on profit beat
Financials and material push ASX higher. Boral books 53 per cent profit jump. BHP suspends WA ops after fatal incident. Elders unsure of share fall. Amcor flags soft outlook.
ASX closes up; Medibank stocks among top risers
Local stocks end the day higher led by materials and energy gains. CBA hikes home loan, savings rates. Loan values fell in September. Rio lifts after winning over Turquoise investors. Inflation boost for Amcor. AGL up as Cannon-Brookes wins backing in board battle.
How BHP won over this fund manager again
This one move by the mining giant put it back on the radar for this top-rated fund manager.
Amcor, Orora on lookout for packaging buyouts
Two industrial companies to emerge from reporting season with an interest in mergers and acquisitions are Amcor and its offshoot Orora.
Amcor exits Russia, forecasts more growth in 2023
Packaging giant Amcor will exit Russia and take a $US200m ($288m) writedown after delivering a rise in 2022 earnings, with further profit growth expected this year.
Big tick for Amcor’s pragmatic strategy
Shares in Amcor leapt 5.5 per cent as the market learned just how skilful the global packaging giant has been in managing supply chain problems and rising inflation.
Amcor to scale back operations in Russia
ASX-listed global packaging giant Amcor says it will begin scaling back operations in Russia in response to the Kremlin’s invasion of Ukraine.
ASX rises as BHP and Macquarie lead gains
ASX ends higher as mining and energy stocks gain. Boral falls on earnings hit, New Hope swings to profit, Macquarie rallies on broker upgrade and consumer confidence plunges.
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