Smurfit profit slides ahead of merger and green fuel confusion

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Smurfit Kappa saw profits slide just as it squared up to the challenge of restoring the fortunes of rival Westrock as the two groups merged. Photographer: Luke MacGregor/Bloombergslumped 13.6 per cent in advance of the cardboard box group completing its merger with US rival WestRock, writes Joe Brennan. The group cited higher fibre recovery costs and lower price for finished product but said an industry recovery was gathering momentum.

Plans for 300 homes and 60 sheltered units on the former Cadbury’s pitch and putt course in Coolock have beenwith news that the company’s Irish business saw profits surge by almost two-thirds last year on the back of strong performances by Kylie, Dua Lipa and Ed Sheeran.

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