|Bid||11.34 x 284600|
|Ask||11.42 x 283700|
|Day's Range||11.03 - 11.03|
|52 Week Range||9.96 - 14.78|
|Beta (5Y Monthly)||0.91|
|PE Ratio (TTM)||9.68|
|Forward Dividend & Yield||0.60 (5.20%)|
|Ex-Dividend Date||Mar 17, 2023|
|1y Target Est||N/A|
Finnish-Swedish forestry firm Stora Enso, battery producer Amperex Technology Ltd (ATL) and other parties have invested $18 million in start-up CarbonScape to commercialise bio-graphite for use in batteries, they said on Tuesday. "This investment represents a strong statement of support for sustainable sourcing of battery materials for global decarbonisation," said CarbonScape CEO Ivan Williams. Currently graphite for the anodes of batteries are sourced from mined natural graphite or synthetic graphite produced from petroleum products.
COPENHAGEN (Reuters) -Finnish forestry firm Stora Enso plans to close several European units and lay off workers in a bid to boost its profitability and competitiveness, the company said in a statement on Thursday. Together with previously initiated negotiations at its packaging materials division, the restructuring will reduce the workforce by about 1,150 employees, Stora Enso said. "These measures are of course very difficult and would not be proposed unless it was absolutely necessary for our long-term competitiveness," Chief Executive Annica Bresky said.
"Demand for most of our products is weak or weakening and market uncertainties are persisting," Chief Executive Annica Bresky said in a statement, adding the company's January-March results were "very disappointing." Last week Stora Enso cut its full-year guidance, saying soaring costs would result in operational profit falling by more than half for 2023, compared to 1.89 billion euros ($2.09 billion) reported for 2022. Falling global demand for pulp and container boards and weaker-than-expected recovery in China has hit the Nordic forestry sector, leading Finnish rival Metsa Board to cut its full-year guidance earlier in April.