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REXMon, 20th Jun 2011 16:01
Beverage can maker Rexam said it traded in line with expectations in the third quarter, but a gloomy outlook for 2015 has prompted broker Charles Stanley to cut forecasts and repeat its 'hold' recommendation. Rexam is reviewing its cost base in light of an expected challenging environment in 2015, w
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** Shares in Rexam Plc, the world's second-largest beverage can maker by revenue, slumped as much as 8.4 pct after the company said aluminum premium, Brazilian costs would increase in 2015. ** Stock is top loser on the FTSE-250 Midcap Index, with the shares tanking to their lowest in 16 mon
Read more* Aluminium premium rises to $500/t vs $300/t in early 2014 * Rise in aluminium premium to increase costs by 30 mln stg next year * Brazilian energy costs to rise by 15 million pounds next year * Can volumes to slightly decline in North America, Europe (Adds CEO comment, detai
Read moreA challenging market and exposure to fizzing metals prices has led drinks can maker Rexam to warn that increasing costs will put a significant dent in next year's profits. Although overall global beverage can volumes were up 4% since 1 July and overall performance for the period remained in line wit
Read moreNov 13 (Reuters) - Rexam Plc, the world's second-largest beverage can maker by revenue, said margins on certain U.S. specialty cans would reduce next year as aluminium premiums have surged higher. Aluminium premiums, or the cost to get metal out of storage, have soared to all-time highs in
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