SAPPI NEWS ON FASTMOVING

Johannesburg - South African paper maker Sappi posted a narrower quarterly loss on Friday, hit again by weak demand in Europe, where it said it plans significant cost cuts over the next three years. read more

South African paper maker Sappi posted a slight rise in first-quarter earnings on Wednesday, lifted by lower input prices and cost cuts, and said it expects earnings to rise in the current three months. read more

Johannesburg - Pulp and paper group Sappi [JSE:SAP] said on Monday the ongoing restructuring within its South African operations might include retrenchments at some of its production plants. read more

SAPPI , the global paper, packaging, pulp and chemical cellulose group, says fourth-quarter operating profit for the year ended September, excluding special items of $80m, was 33% higher than for the third quarter , but lower than the $129m for the same quarter last year. read more

Johannesburg - Paper maker Sappi said on Wednesday it would close its entire Biberist Mill in Switzerland after failing to find a buyer. read more

Brussels - The European Union (EU) on Saturday imposed a five-year hike in duties on imports of glossy paper from China, the first EU challenge to Chinese state subsidies and a sign of more to come.  read more

Johannesburg - Pulp and paper group Sappi [JSE:SAP] said on Monday that it expected the group's operating profit in the second quarter of 2011 to fall below that of the first because of seasonal and other factors. read more