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International Paper settles all-share deal after tussle with British rival MondiBusiness live – latest updatesThe FTSE 100 UK packaging firm DS Smith is to be taken over by a bigger US rival, International Paper, after the companies agreed a £5.8bn all-share deal.Tennessee-based International Paper, one of the largest paper and pulp companies in the world, moved in late March to gatecrash a £5.14bn all-share...

Supply chain difficulties have led to job losses and cuts in purchasing and stocks, S&P Global poll showsBritain’s factories have been hit by disruption caused by Houthi rebel attacks in the Red Sea that led to shipping delays and contributed to rising costs, as the boss of Adidas warned about “exploding” global freight rates.UK manufacturers have experienced growing supply chain difficulties, as the Red...

Bootmaker says global sales fell by 18% with cash-strapped consumers refusing to splash out at ChristmasDr Martens said revenue dropped by nearly a fifth in the final three months of 2023, as sales in the US continued to plunge and inflation-weary consumers continued to rein in spending.The British bootmaker said in a trading update on Thursday that sales fell by 18% in its third...