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Illovo hits record as sugar crop recovers

16/05/2013 - 10:25

Johannesburg - Illovo Sugar Ltd., Africa’s largest sugar producer, rose to a record as investors anticipate a recovery in output after a drought. 

The shares jumped as much as 5.4 percent, the most since April 23 on an intraday basis, traded 2.9 percent higher at 38.60 rand by the close in Johannesburg. About 1.2 million shares were traded, or 2.5 times the daily average over the last three months. Illovo, which has units in Malawi and Zambia, has gained 11 percent o... 

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Textile companies to fund Bangladesh measures

16/05/2013 - 10:24

Madrid - At least 24 retail companies, including Hennes & Mauritz and Inditex, have agreed to improve safety at Bangladeshi t...

Germany narrowly scrapes by recession

16/05/2013 - 10:04

Frankfurt -The German economy, Europe's biggest, got off to an unexpectedly weak start to the year, as it battled freezing wi...

South Africa, least favoured emerging market - poll

16/05/2013 - 09:50

Johannesburg – For the third consecutive month in May‚ South Africa continued to be the least-favoured major emerging mar...

SABmiller Zim subsidiary beats forecast

16/05/2013 - 09:40

Harare - Delta Beverages, the Zimbabwe-based subsidiary of SABMiller [JSE:SAB], continued to defy the odds in the economicall...

Spar Group South Africa profit rises 12% as liquor sales gain

15/05/2013 - 15:40

Spar Group Ltd. (SPP), a South African food and liquor retailer, said first-half profit climbed 12 percent as higher prices c...

UK: Sainsbury's profit falls despite rise in sales

15/05/2013 - 15:39

Sainsbury's has posted a fall in pre-tax profits despite a rise in sales, as conditions remain 'challenging'. ...

UK retailers suffered sales drop in April, BRC report shows

15/05/2013 - 15:23

Retailers suffered a 2.2% drop in sales last month compared with a year ago, thanks to the timing of Easter and wintry weathe...

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