Dividend's in the bag at British Polythene.

(From Chemical Business NewsBase - The Independent)

British Polythene Industries is Europe's largest manufacturer of plastic sacks and polythene film. The company, on 21 Dec 2005, put out a "reverse profits warning" which sent the shares up a further 63p to 512p. The company's film is used to protect young and tender crops or to pack food for retailers and demand remains pretty constant in these areas. The big variable is sales to industrial customers, but demand for packaging here has been strong in recent years. Polymer prices have been driven upwards by the oil price and the shortage of ethylene and polyethylene production capacity and, of course, BPI also has to …