Advertise with fastmoving.co.za
 
 

Truworths lifted by share buy-back launch
Truworths lifted by share buy-back launch

Truworths lifted by share buy-back launch

FMCG SUPPLIER NEWS

Fin24 - Jun 19th 2012, 08:51

Johannesburg - Shares in Truworths International [JSE:TRU] gained more than 1% as South Africa’s biggest listed retailer launched a R250m share buy-back programme. 

Truworths, which released the statement shortly after a market closed on Friday, is up 1.52% at R91.42.

The company’s programme started on Monday and will end on August 16. 

Related News

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.

Truworths reports steady performance
20/08/2019 - 10:04
Truworths International reported lower earnings for the year to June 2019 as Truworths posted a steady performance in the weak domestic retail market while the profitability of the Office chain was severely impacted by the depressed United Kingdom (UK) trading conditions.

Truworths profit at nine-year low as profit plunges over 70%
16/08/2019 - 11:52
Shares in Truworths slumped to a nine-year low on Friday morning after the fashion retailer reported a 74% slide in profits amid difficult trading environments in SA and the UK.

Nintendo shares jump on imminent launch of Switch Lite
16/07/2019 - 11:38
Shares in Japan’s Nintendo Co rose more than 4 percent last week after the company said it would soon launch Nintendo Switch Lite, a cheaper, handheld version of its hugely popular Switch games.