Tony Smurfit

From Aer Lingus pilots to Alias Tom: Who were the winners and losers in Irish business this year?

In a year of closures and comebacks, Michael O’Leary had a ‘pain in the backside’, while Gail Slater was urged to ‘Make America Competitive Again’

Fri Dec 27 2024 - 06:00

Smurfit Westrock posts quarterly loss after $500m of merger-related costs

Dublin-based Smurfit Westrock turned in a net loss of $150 million for the third quarter

Wed Oct 30 2024 - 11:21

Michael Smurfit: Succession review - A soft-spoken and thoughtful multi-millionaire with a killer instinct

Television: With a who’s-who of interviewees, this RTÉ documentary is more of a hagiography than warts-and-all portrait

Mon Oct 07 2024 - 22:35

Smurfit awarded €423m over Venezuela’s 2018 seizure of assets

South American country has lost numerous international arbitration cases following its nationalisation wave

Fri Aug 30 2024 - 12:24

The Irish Times Business Person of the Month: Tony Smurfit, Smurfit Westrock

On July 5th, Smurfit Kappa, led by Tony Smurfit, merged with North American group WestRock to form the world’s largest packaging group

Fri Aug 16 2024 - 05:30

Smurfit hints that more savings can be unpacked from merger

Irish packaging group Smurfit merged last month with US rival WestRock and moved its main listing to New York

Thu Aug 01 2024 - 05:36

Michael O’Leary, Tony Smurfit, Albert Manifold: Which Irish plc CEOs have the biggest pay packages?

The median chief executive compensation packag was €2 million last year.

Fri Jul 26 2024 - 05:59

Merged packaging giant Smurfit WestRock begins trading on Wall Street

Shares edge up as executives look to merge businesses amid improving business environment for the sector

Mon Jul 08 2024 - 12:26

Smurfit Kappa gets the nod from regulators to complete WestRock merger

Deal worth €23.4bn subject to High Court approval, with shares in new entity Smurfit WestRock to begin trading on New York Stock Exchange on Monday

Thu Jun 27 2024 - 07:47

Smurfit Kappa sees cardboard box demand recover as WestRock merger on track for July

Demand for cardboard boxes had slumped following a pandemic-fuelled spike in demand for durable goods

Thu May 02 2024 - 07:42

Smurfit Kappa declines to unpack details of WestRock acquisition

Dublin agm told 2023 had been Smurfit Kappa’s second-best financial year, with revenue of more than €11 billion

Fri Apr 26 2024 - 11:35

Smurfit Kappa executives get €10m in share awards under bonus schemes

Chief executive Tony Smurfit granted just under 98,000 share awards worth €4.1 million

Fri Mar 15 2024 - 18:03

Tension, a pay scandal and farewells: the business world’s winners and losers of 2023

A tech sector slowdown coupled with rising interest rates gave many a year to forget

Fri Dec 29 2023 - 06:00

The Irish Times Business Person of the Month: Tony Smurfit, chief executive of Smurfit Kappa

In September, Dublin-based Smurfit Kappa agreed a deal to acquire WestRock in the United States to form what will become the world’s biggest packaging group

Fri Oct 20 2023 - 06:00

Smurfit shareholders may regret WestRock merger

WestRock shares have underperformed partly because its own history of acquisitions has resulted in a sizable debt burden

Mon Sept 18 2023 - 05:00

Special delivery: How shifting fortunes brought US boxmaker WestRock to Smurfit Kappa

WestRock, the US’s second-largest paper packaging group, once harboured ambitions of snapping up Smurfit Kappa, but has now become a willing target of Ireland’s first multinational

Fri Sept 15 2023 - 04:30

Moody’s may upgrade Smurfit Kappa credit rating on WestRock deal

Group's net debt stands at €3.17 billion

Thu Sept 14 2023 - 14:01

Smurfit Kappa shares slump as investors digest owning 50.4% of group after WestRock merger

Irish group’s CEO Tony Smurfit to lead merged group, which will be known as Smurfit WestRock

Tue Sept 12 2023 - 08:27

Smurfit Kappa seeks to take advantage of packaging downturn to buy US rival

Market Beat: The timing of the deal to bring Smurfit together with WestRock reflects depressed valuations in the sector

Sat Sept 09 2023 - 05:00

Smurfit Kappa eyes Irish market exit amid $19bn merger talks

Dublin-based packaging firm nearing agreement with US firm WestRock

Thu Sept 07 2023 - 01:12

John Burns: H&M says goodbye to Dublin city centre store

Any Other Business: H&M shuts Dublin store, BoyleSports overseas, Smurfit on carbon capture, Irish AI strategy, and GPO museum banners

Fri Aug 11 2023 - 05:00

Straight-talking Smurfit CEO sets an example for his peers

Tony Smurfit gave a direct answer to a direct question. Business needs more of that.

Thu Aug 03 2023 - 08:01

Smurfit Kappa sales fall as cardboard box sales dip in weakening economy

Group signals confidence in its prospects by increasing interim dividend by 6%

Wed Aug 02 2023 - 08:14

Smurfit Kappa revenue rises in first quarter

Challenges for firm included higher costs and war in Ukraine, chief executive says

Fri Apr 29 2022 - 07:59

Chief executives of leading firms see pay double from pre-Covid levels

Bonuses drive executive rewards as business booms on back of pandemic stimulus

Wed Apr 20 2022 - 05:20

Irish ‘junk bond’ devotees get houses in order as market sours

Joe Brennan: Smurfit Kappa has been one of the darlings of the Irish market recently

Fri Feb 18 2022 - 20:09

Smurfit Kappa results top expectations despite €675m inflation bill

Packaging group’s earnings advance 13% to €1.7bn to exceed stock market calculations

Wed Feb 09 2022 - 15:20

Smurfit Kappa’s emissions targets ‘in line with Paris Agreement’

Science Based Targets initiative approves packaging giant’s plans

Thu Jan 13 2022 - 07:27

Tax avoidance: focus may move from companies to individuals

Attitude towards international tax domicile may changes with future governments

Fri Nov 12 2021 - 05:37

Smurfit Kappa invests €600m to chase demand as its cardboard system is ‘sold out’

Firm’s revenues rose 15% to €7.3bn over the first nine months of the year

Wed Nov 03 2021 - 18:29

Dataships raises $3m from backers including Tony Smurfit

Company is focused on helping SMEs comply with data protection and privacy laws

Tue Sept 28 2021 - 14:00

Sustainable packaging is key for consumers, report finds

Some 69 per cent of consumers do not always trust brands and retailers that claim to be sustainable

Thu Sept 16 2021 - 11:55

Irish companies latch onto growing global drive to slash air miles post-Covid

The all-expenses-paid junket may never again the feature of the corporate world it once was

Fri Sept 10 2021 - 15:10

Smurfit Kappa buys Italian containerboard mill for €360m

Smurfit reports 11% rise in revenue and 8% increase in profit for first six months of year

Wed Jul 28 2021 - 07:55

Why Covid-19 saw a rise in Iseq CEOs’ average pay

Median CEO compensation package falls almost 36 per cent to €1.2 million however

Fri Jul 23 2021 - 05:01

Pandemic pay: Who got a bump in their salary last year?

Covid-19 may have hit some pay packets hard, but the leaders of the Top 1000 may have fared better

Sat Jun 12 2021 - 12:00

Smurfit Kappa acquires Peruvian packaging firm for undisclosed sum

Packaging giant expands its footprint in South America

Fri Jun 04 2021 - 07:59

Smurfit Kappa earnings rise as it chases rising input costs

Group’s corrugated box volumes rose by 7% both in Europe and the Americas

Fri Apr 30 2021 - 08:01

Smurfit Kappa plans CEO bonus boost as pay soars to €5.26m

Review of maximum potential awards follows 12% share price rise last year

Tue Mar 30 2021 - 10:54

Smurfit’s refusal to be boxed in by rivals pays off for investors

With its share price at an all-time high, Smurfit Kappa chief Tony Smurfit has been vindicated in his decision to reject a rival offer three years ago

Sat Feb 20 2021 - 08:00