Clover forecasts higher profits
IOL Business - Sep 9th 2011, 09:03
Clover Industries (CFR) said on Thursday that headline earnings per share for the 2011 financial year were likely to increase to 113.84 cents from 33.07 cents previously.
The branded consumer goods and beverages group said headline earnings per share from continuing operations were likely to increase to 113.84 cents from 12.29 cents previously.
The company said headline earnings from continuing operations were expected to increase to 175.2 million rand from 19.0 million rand.
Clover will release the results on September 19. -
World food price index up
05/10/2012 - 07:56
World food prices rose slightly last month‚ following some stability in the preceding two months‚ according to the latest United Nations Food and Agriculture Organisation (FAO) report.
Tiger Brands buys 63% Dangote Flour
05/10/2012 - 07:46
Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said.
PPI slows to 5.1% in August
28/09/2012 - 11:59
Johannesburg - SA's producer inflation, which represents domestic output, was slower at 5.1% year-on-year in August compared with 5.4% in July, Statistics SA data showed on Thursday.
Tiger Brands acquires a 63.35% shareholding interest in Dangote Flour Mills in Nigeria
25/09/2012 - 08:54
Tiger Brands Limited (“Tiger Brands”) and Dangote Industries Limited (“Dangote”) are pleased to announce they have executed a share sale and purchase agreement which will result in Tiger Brands acquiring a 63.35% shareholding in Dangote Flour Mills Plc (“Dangote Flour Mills”) for approximately R1.5 billion from Dangote. The transaction is expected to be effected during the first week of October 2012.
France fines washing powder firms
09/12/2011 - 08:25
Paris/Frankfurt - France’s competition authority slapped fines totalling $484m on Colgate Palmolive, Henkel and Procter & Gamble for fixing prices of washing powder in France from 1997 to 2004.