London Shares Trade Flat; Crude Gains Lift Oil -2-

Global News Select 0850 GMT – DS Smith still faces hurdles, but the outlook is improving, says Interactive Investor after the packaging manufacturer reported lower annual revenue and profit. Like other companies, Smith has had to tackle higher costs resulting from pandemic-related safety and operational changes and extreme supply constraints, hitting profit and revenue in the year to April, Interactive says. Still, the year ended better than it started, leaving Smith relatively well-placed to cash in on increased demand for packaging as people buy more goods online. "In particular, strong second-half momentum has continued into the new financial year, which bodes well for prospects, while some of the previously incurred costs will be recovered by higher pricing for customers," Interactive’s Richard Hunter says. (philip.waller@wsj.com)

Uranium Market Fundamentals Point to Price Strengthening

0847 GMT – The uranium price is up 7.5% year to date, supported by a recovery of sentiment around global […]

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