Twitter falls 7% as lockup expires
IOL Business - May 8th 2014, 11:12
San Francisco - Twitter fell 7.4 percent in trading before the market open, as more shares became available from insiders who got their first chance to sell since the company’s initial public offering.
The stock slipped as low as $35.90 (R377) as about 480 million shares from insiders became eligible for sale, more than quadrupling the current amount available for trading.
The decline came even as early investors who own at least 205 million of the shares pledged not to sell, declaring confidence in the company.From © Independent On-line 2013. All rights reserved.
Kraft Heinz reined in costs and increased prices — and it worked
05/11/2019 - 11:28
Kraft Heinz beat analyst expectations for third-quarter profit on Thursday as the packaged food company reined in costs and increased prices in the face of slowing demand for some of its key brands.
Shoprite shares in dramatic U-turn after update
05/11/2019 - 09:04
Shoprite’s share price jumped by 6% in opening trading on Monday after the group reported turnover growth of more than 7% in the three months to September. But by later afternoon, its share price was down almost a percent.
First profit increase in two years for H&M
03/10/2019 - 12:59
H&M posted its first rise in quarterly pretax profit in more than two years on Thursday as the world's second-biggest fashion retailer said its drive to meet rapid changes in the market was on track.
Brian Joffe’s Long4Life warns of lower half-year earnings
20/08/2019 - 12:59
Brian Joffe’s Long4Life says half-year earnings will probably fall partly because of lower trading profits from Chill Beverages, which makes the Fitch & Leedes drinks brand.
Shoprite earnings take knock on non-SA operations
20/08/2019 - 10:39
Shoprite’s shares fell to their worst level in more than three years after Africa’s largest food retailer reported a 20% drop in earnings and said it saw no immediate prospects of its troublesome non-SA operations returning to profitability.