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Orora Ltd (ASX: ORA) is a global packaging business which provides a range of packaging solutions and displays. Its products include glass bottles, aluminium cans, closures & caps, recycled paper, point-of-purchase displays, boxes & cartons, rigid packaging, flexible packaging, bags and sacks. The company operates in seven countries with nearly 7,000 employees. It has 47 manufacturing plants and 23 distribution sites.
The local share market weakened again on Wednesday, with the All Ordinaries (INDEXASX: XAO) down 0.7% and the S&P/ASX 200 (ASX: XJO) falling 0.8% as seven sectors fell by more than 1%.
The Orora Ltd (ASX: ORA) share price has sunk 17% after the packaging business returned to trade after the takeover and capital raising announcements.
The Australian share market closed broadly flat on Tuesday, with both the S&P/ASX200 (ASX: XJO) and All Ordinaries (ASX: XAO) falling 5 and 9 points, respectively.
The S&P/ASX 200 (ASX: XJO) eased 0.2% on the first day of a new interest-rate environment as ANZ (ASX:ANZ) shares made headlines.
The S&P/ASX 200 (INDEXASX:XJO) is tipped to slide when the market opens this morning. Temple & Webster (ASX:TPW) and Orora Ltd (ASX:ORA) shares are in the news.
Orora (ASX:ORA) shares are up after announcing a big special dividend for shareholders.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.03% at lunch.
Shares in Orora Ltd (ASX: ORA) have exploded out of the blocks today after announcing the sale of its Australasian Fibre business for $1.72 billion.
The share price of Orora Ltd (ASX:ORA) is down 13% in reaction to the FY19 report released this morning.
