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Clover set to return to profit in year to June

Clover set to return to profit in year to June

13/05/2019 - 10:15
Clover, which makes dairy-based foods and beverages, says it will return to profit in the year ending June 2019 after making its first annual loss in more than a decade in the prior year. read more
Shoprite falls 17% as market reacts to profit warning

Shoprite falls 17% as market reacts to profit warning

30/01/2019 - 10:59
Shoprite's share price fell 16.6% to R148.83 on Wednesday morning when the market reacted to a trading update it released at 5.30pm on Tuesday. read more
Shares in Five Roses owner plummet after dismal trading update

Shares in Five Roses owner plummet after dismal trading update

28/01/2019 - 08:56
Fast moving consumer goods group AVI warned shareholders that its interim sales were flat and its headline earnings would decline by up to 7%. read more
Woolworths bedeviled by declining sales

Woolworths bedeviled by declining sales

18/01/2019 - 10:35
As Woolworths tries to recover from the impairments of A$712.5 million (R7.02 billion) it suffered last year in its Australian subsidiary David Jones, the retailer continued to experience declining sales in the 26 weeks to end December trading period in South Africa.  read more
Ghost of listeriosis past: Tiger Brands faces multimillion-rand class action

Ghost of listeriosis past: Tiger Brands faces multimillion-rand class action

04/12/2018 - 13:59
The material impact of the damage to Tiger Brands could be hundreds of millions of rand, according to analysts, after the High Court granted an order certifying a class action against the food producer as a result of the listeriosis outbreak that killed 200 people early this year. read more
Distell share price sinks on lower sales

Distell share price sinks on lower sales

25/10/2018 - 08:05
The share price of Distell Group, maker of Klipdrift brandies, Three Ships whiskies and Nederburg wines, fell 4.1% to R104.58 after the company said sales had fallen in the September quarter. read more
Clover’s earnings to rocket

Clover’s earnings to rocket

13/08/2018 - 09:41
Clover’s share price climbed 4.11% after it said it expected a threefold increase in full-year headline earnings per share.  read more
Listeriosis leaves Tiger Brands listless

Listeriosis leaves Tiger Brands listless

04/04/2018 - 08:29
Tiger Brands’s share price has fallen 12.47% since the health ministry publicly announced that its factory in Polokwane was the source of the listeriosis outbreak on March 4.  read more
Few cheers from the market for Clover’s new structure

Few cheers from the market for Clover’s new structure

06/07/2017 - 10:27
Food producer Clover’s share price fell 4% to R16.30 on Thursday morning after it announced it had completed moving control of its milk trading arm to dairy farmers. read more
Pioneer Foods expects higher earnings

Pioneer Foods expects higher earnings

07/04/2014 - 08:00
Johannesburg - South African food manufacturer Pioneer Foods said it expected half year earnings to rise by as much as 110% as it benefitted from cost cutting measures, among others. read more
Ascendis makes JSE debut

Ascendis makes JSE debut

25/11/2013 - 08:06
Johannesburg - Ascendis Health debuted on the Johannesburg Stock Exchange on Friday, after raising more than R450m in a share sale to fund acquisitions. read more
BlackBerry wants to go it alone

BlackBerry wants to go it alone

08/11/2013 - 08:35
BlackBerry is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday.  read more
Asian shares rise after Wall St rally

Asian shares rise after Wall St rally

23/10/2013 - 09:52
Hong Kong - Asian markets mostly rose on Monday, with sentiment buoyed by last week's deal in Washington to avert a default as well as a record close on Wall Street. read more
Grindrod rises to 5-year high as rand slips

Grindrod rises to 5-year high as rand slips

15/07/2013 - 10:03
Johannesburg - Grindrod, Africa’s biggest shipping company, advanced to the highest in almost five years, as shipping costs rose and the rand weakened.  read more
Zambeef share price in marginal drop

Zambeef share price in marginal drop

10/07/2013 - 08:55
Zambeef Products Plc share price on the Lusaka Stock Exchange (LuSE) has declined by two percent over the last few weeks following reports of alleged importation of contaminated beef, Stock Broker Zambia Limited (SBZL) has said. read more
Mr Price shares extend gains

Mr Price shares extend gains

23/05/2013 - 15:12
Johannesburg - Mr Price Group, extended gains after full-year earnings beat estimates as sales improved at its apparel chain. read more
Massmart shares fall over 3%

Massmart shares fall over 3%

24/04/2013 - 10:16
Johannesburg - Shares of South African retailer Massmart tumbled more than 3 percent on Monday, after the Walmart unit warned it may fall short of its profit target this year, squeezed by weak consumer spending. read more
Pick n Pay shares down after poor results

Pick n Pay shares down after poor results

24/04/2013 - 10:01
Johannesburg - Pick n Pay Stores [JSE:PIK] retailers were down almost 3% on Tuesday morning following the release of their annual results. read more
Chocoholics drive Lindt profits

Chocoholics drive Lindt profits

18/03/2013 - 08:26
Zurich - Swiss luxury chocolate maker Lindt & Spruengli said it was confident people would keep buying its sweet treats this year despite weak consumer sentiment in its key market, Europe.  read more
Cipla ups offer for SA's Cipla Medpro

Cipla ups offer for SA's Cipla Medpro

28/02/2013 - 09:35
Mumbai - Indian drugmaker Cipla on Thursday sweetened its offer by 17% to take over South Africa's third-largest drugmaker, Cipla Medpro South Africa [JSE:CMP], ending the uncertainty of an earlier offer that had been put on hold by the Indian company. read more
Cipla Medpro's India deal on hold

Cipla Medpro's India deal on hold

12/02/2013 - 08:07
Johannesburg - The acting chief executive officer of Cipla Medpro said on Monday the generic drug firm has not received any communication from its Indian suitor, Cipla that an acquisition deal has been put on hold. read more
Cipla to push India to raise bid

Cipla to push India to raise bid

24/01/2013 - 09:27
Johannesburg/Mumbai - Drug company Cipla Medpro South Africa [JSE:CMP] is expected to demand more than the $215m on offer from Indian suitor Cipla Ltd to reflect a lucrative government contract win that will increase its earnings power.  read more
Cipla Medpro CEO leaves

Cipla Medpro CEO leaves

10/10/2012 - 11:15
Johannesburg - South Africa's Cipla Medpro said on Monday its chief executive had quit, ending months of speculation about his suspension and raising questions about the generic drug maker's tie-up with Cipla India .  read more
Cipla Medpro suspends CEO

Cipla Medpro suspends CEO

16/08/2012 - 08:59
Johannesburg – The board of Cipla Medpro SA Limited [JSE:CMP] announced on Wednesday it had suspended CEO Jerome Smith pending the outcome of an investigation into “serious allegations” against him read more
 Massmart earnings to disappoint

Massmart earnings to disappoint

08/08/2012 - 09:52
Massmart Holdings’ full-year headline earnings a share probably rose 34 percent at most, falling far short of expectations and sending its shares down as much as 5.1 percent, the local unit of Walmart said yesterday.  read more
Bourse unimpressed by Woolies update

Bourse unimpressed by Woolies update

18/07/2012 - 09:04
The share price of upmarket retailer Woolworths slipped as much as 3% yesterday after the group released a tepid sales update that fell short of the market’s expectations. read more
 P&G’s Directors Said to Discuss Need to Replace CEO McDonald

P&G’s Directors Said to Discuss Need to Replace CEO McDonald

13/07/2012 - 08:38
Procter & Gamble Co. (PG) board members are dissatisfied with Chief Executive Officer Robert McDonald’s performance and are discussing a possible leadership change, according to people familiar with the situation. read more
AVI forecasts higher profits

AVI forecasts higher profits

22/06/2012 - 07:51
Consumer goods group AVI advised on Thursday that consolidated headline earnings per share for the group’s continuing operations for the year ending 30 June 2012 are expected to increase by between 24% and 31% over the prior year. read more
Procter & Gamble May Need to Break Up, Bernstein Says

Procter & Gamble May Need to Break Up, Bernstein Says

15/06/2012 - 08:54
Procter & Gamble Co. (PG), the world’s largest consumer-products company, should consider breaking itself up if it doesn’t improve earnings this year, an analyst at Sanford C. Bernstein & Co. said today. read more
Share of the week: Tongaat-Hulett

Share of the week: Tongaat-Hulett

04/06/2012 - 08:28
Tongaat Hulett's investment in machinery, equipment and crop plants over the past two years has seen the company financially outperform rival Illovo Sugar for the year ended March. read more
Tongaat earnings seen easing

Tongaat earnings seen easing

07/11/2011 - 10:14
Johannesburg - Sugar producer Tongaat Hulett [JSE:TON] advised on Friday that its headline earnings per share for the half-year ended September 2011 are expected to be 474 cents per share compared with 482c for the six months to September 2010. read more