Ex-BlackBerry boss dumps shares
Fin24 - Feb 15th 2013, 07:49
Toronto - Shares of BlackBerry slipped on Thursday, after the company's former Co-Chief Executive Officer Jim Balsillie disclosed that he had sold his once-sizable stake in the embattled smartphone maker.
In a regulatory filing on Thursday, Balsillie said that by the end of last year he had sold his entire stake in the company.
Balsillie, who stepped down as CEO a year ago, owned about 26.8 million shares, or a roughly 5% stake in the company, as of December 31, 2011.
Shares of BlackBerry were down 3.4% at $13.52 in early trading on the Nasda
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.
Regulation of online and mobile gambling in Africa must gather pace
29/10/2019 - 10:20
The gambling industry in Africa has been busy recently following the ICE Africa and Big African Summit events. These explored the current state of legal gambling within the continent and included conferences by established industry professionals.
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.
Weak performance in the smartphone sector
27/08/2019 - 16:06
Smartphone revenues grew 3.9 percent year-on-year in the second quarter of 2019 and unit sales dropped 4.9 percent to just under 3 million units in the same time frame, continuing the same trend seen in the previous two quarters.