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Kraft Heinz reined in costs and increased prices — and it worked

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. read more
Shoprite shares in dramatic U-turn after update

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. read more
First profit increase in two years for H&M

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. read more
Brian Joffe’s Long4Life warns of lower half-year earnings

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. read more
Shoprite earnings take knock on non-SA operations

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. read more
Nintendo shares jump on imminent launch of Switch Lite

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. read more
Woolworths share price recovers on renewed optimism

Woolworths share price recovers on renewed optimism

13/06/2019 - 09:04
Shares in Woolworths have rebounded in recent weeks, thanks to a recovery in the sector and optimism that the worst may be over for the high-end retailer, whose foray into Australia has proven costly for investors. read more
BAT ‘is in good shape’ and expects higher earnings in 2019

BAT ‘is in good shape’ and expects higher earnings in 2019

25/04/2019 - 15:47
British American Tobacco (BAT) expects “another year of good earnings growth” in 2019, despite mooted regulations in the US and competitive threats, chair Richard Burrows says.  read more
Superdry slumps as founder's return sparks board revolt

Superdry slumps as founder's return sparks board revolt

04/04/2019 - 13:34
Shares in Superdry fell more than 11% after founder Julian Dunkerton narrowly forced his way back into the company, which sparked the exit of most of its board members, including top executives. read more
Steinhoff shares jump on PWC report

Steinhoff shares jump on PWC report

18/03/2019 - 10:48
Steinhoff International’s shares rose as much as 13.6% to R2.09 in early trade on Monday after the overview of PwC’s forensic investigation into the retailer’s past results was released. read more
Struggling Woolworths shares fall after two more directors leave

Struggling Woolworths shares fall after two more directors leave

12/02/2019 - 11:20
Struggling retailer Woolworths saw its share price decline to the lowest level since 2012 after saying two nonexecutive board members with extensive business experience in Australia resigned with immediate effect on Monday. read more
 LVMH shares react well to positive comments in results

LVMH shares react well to positive comments in results

31/01/2019 - 11:07
LVMH shares surged high after LVMH struck a “cautiously” confident tone for the year and said sales had picked up in China in the fourth quarter.  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
Shoprite's festive season sales fall flat

Shoprite's festive season sales fall flat

22/01/2019 - 14:32
Shoprite's share price fell as much as 5.7% to R175.32 after it warned shareholders its interim results would show flat sales. read more
Edcon gets some breathing space

Edcon gets some breathing space

17/01/2019 - 10:34
Edcon is at a turning point yet again. The retailer — which operates the Edgars, Jet and CNA chain stores — has just wrapped up a deal with 250 stakeholders, including its shareholders and landlords, in a bid to keep its doors open. read more
Superdry blames warm weather as shares plunge on warning

Superdry blames warm weather as shares plunge on warning

14/12/2018 - 10:02
Superdry shares plunged more than a third after the British fashion chain warned on profits for the second time in less than three months, blaming unusually warm weather for hitting sales of winter jackets and jerseys. read more
Lee, Wrangler owner’s shares fall on fading jeans business

Lee, Wrangler owner’s shares fall on fading jeans business

22/10/2018 - 08:01
VF Corp shares fell 9% after the apparel maker lowered revenue forecasts for its jeans business and reported slow outdoor wear sales even as its popular Van sneakers lifted quarterly profit. read more
Dismal update sends Rhodes Foods’ shares plummeting

Dismal update sends Rhodes Foods’ shares plummeting

17/09/2018 - 10:28
The food producer warned of a large decline in its full-year earnings due to the crippling drought in the Western Cape. read more
Impairments push Clover into a full-year loss

Impairments push Clover into a full-year loss

12/09/2018 - 13:07
Consumer goods and products producer Clover swung to a loss in the year to end-June, as the sudden resignations of the CEO and chair of Dairy Farmers of SA (DFSA) forced the group to write down the R439m revolving credit facility it had extended to the subsidiary. read more
Richard Brasher leads strong share price performance

Richard Brasher leads strong share price performance

06/08/2018 - 11:15
Pick n Pay CEO Richard Brasher may not have done enough to get the company’s share price over the R68 hurdle needed by November 2017, but he has overseen one of the strongest share price performances in the food retail sector over the past five years. read more
Heineken shares fall most in three years, as Brazil eats into margins

Heineken shares fall most in three years, as Brazil eats into margins

31/07/2018 - 15:14
Heineken’s attempt to challenge Anheuser-Busch InBev in Brazil is squeezing the Dutch brewer’s profit margin. read more
Danone keeps its growth outlook despite Morocco boycott

Danone keeps its growth outlook despite Morocco boycott

31/07/2018 - 13:55
Danone is counting on baby food sales in China to help power annual earnings higher despite setbacks in Morocco and Brazil that slowed second-quarter sales, the French food group said. read more
Angolan hyperinflation shock hits Shoprite

Angolan hyperinflation shock hits Shoprite

19/07/2018 - 08:36
Hyperinflation in Angola dragged down Shoprite’s full-year revenue, sending the share price down as much as 6.5% on Wednesday.  read more
Albie Cilliers scores major victory in KWV share ruling

Albie Cilliers scores major victory in KWV share ruling

15/06/2018 - 08:24
Shareholder activist Albie Cilliers has secured a major victory over La Concorde Holdings, which is controlled by Hosken Consolidated Investments (HCI), in his almost two-year legal battle to get fair payment for his KWV shares. read more
Verimark shares soar after upbeat trading statement

Verimark shares soar after upbeat trading statement

12/04/2018 - 13:45
Marketer Verimark’s share price jumped 26% to R1.02 after it issued an upbeat trading statement. read more
Listing helps boost Sea Harvest profit

Listing helps boost Sea Harvest profit

07/03/2018 - 16:03
Sea Harvest, the recently listed fishing enterprise controlled by Brimstone Investment Corporation, netted a sizeable profit haul in the year to end-December. read more
Tiger Brands and Rainbow shares drop on listeriosis news

Tiger Brands and Rainbow shares drop on listeriosis news

05/03/2018 - 14:33
Tiger Brands’ share price fell 13% to R370.30 and RCL Foods’ share price dropped 6.4% to R16.10 shortly after the JSE opened at 9am on Monday morning.  read more
Steinhoff's Star share price falls 7% on lacklustre Christmas sales

Steinhoff's Star share price falls 7% on lacklustre Christmas sales

09/02/2018 - 13:34
The share price of Steinhoff Africa Retail (Star) fell 7% to R20.19 on Friday after it reported lacklustre Christmas sales. read more
Astral Foods sets sights on further growth

Astral Foods sets sights on further growth

09/02/2018 - 08:52
Astral Foods, the "big bird" of the JSE’s poultry sector, assured shareholders at Thursday’s annual meeting that management would not be resting on its laurels after a hugely profitable 2017 financial year. read more
Strong global demand for Cape hake helps Sea Harvest shares

Strong global demand for Cape hake helps Sea Harvest shares

05/02/2018 - 14:44
Sea Harvest’s share price rose 4% on Monday, on the expectation of improved performance in SA, driven by strong market demand for Cape hake globally and the performance of investments the group has made in Saldanha Bay processing plants. read more
Steinhoff director spills the beans about accounting irregularities and Jooste's disapearing act

Steinhoff director spills the beans about accounting irregularities and Jooste's disapearing act

02/02/2018 - 15:25
Director and chairman of Steinhoff’s audit committee, former ABSA CEO, Steve Booysen recounted in Parliament, the dramatic discovery on Monday, December 5 of the alleged accounting irregularities which have rocked the group and led to the resignation of former CEO Markus Jooste. read more
Increase in BAT share price lifts Reinet

Increase in BAT share price lifts Reinet

24/01/2018 - 10:21
Reinet Investments’ share price rose 8.5% to R289.99 on Wednesday after issuing its December quarter management statement. read more
Steinhoff boosted by update

Steinhoff boosted by update

19/01/2018 - 10:40
The Steinhoff share price ticked up briefly on Thursday after the release of a "process and liquidity update" in which the group said it was seeking waivers from some European funders and that it expected to be able to pay cash interest on "all its existing financial indebtedness at the ordinary contractual rate over the near-term forecasted period". read more
Kering share falls after announcing plan to give up control of Puma

Kering share falls after announcing plan to give up control of Puma

12/01/2018 - 16:49
Gucci parent Kering is returning its ill-fitting Pumas. read more
Dis-Chem raises R1.1bn but sentiment sours on news of executive sales

Dis-Chem raises R1.1bn but sentiment sours on news of executive sales

13/12/2017 - 10:29
Pharmacy group Dis-Chem has raised R1.1bn to fund its expansion, but the news failed to impress shareholders. read more
Dis-Chem shares fall 9% as founders sell shares

Dis-Chem shares fall 9% as founders sell shares

12/12/2017 - 13:33
Dis-Chem Pharmacies’ share price fell 9% to R35.10 on Tuesday morning, just above the R35 per share book build price achieved by founders selling some of their shares.  read more
Woolworths in eye of a storm

Woolworths in eye of a storm

29/11/2017 - 09:57
Woolworths chairman Simon Susman told shareholders at Tuesday’s annual general meeting that the board was confident of the group’s Australian strategy.  read more
Trade report delay of Distell shares hints at high premium

Trade report delay of Distell shares hints at high premium

20/11/2017 - 10:45
It is still not clear why the parties involved in the R10bn trade in Distell shares waited six months to report the trade to the JSE as required by the exchange’s rules. read more
Lewis sells more furniture, but more of it is on credit

Lewis sells more furniture, but more of it is on credit

13/11/2017 - 08:53
The proportion of furniture Lewis sold on credit in the first half of is financial year widened to 68.8% from 63.4% in the matching period, helping it grow merchandise sales 5% to R1.3bn. read more
Shares in Mr Price benefit from upbeat announcement

Shares in Mr Price benefit from upbeat announcement

07/11/2017 - 10:21
Retail group Mr Price’s share price jumped 11% to R169.99 on Tuesday morning after it said interim earnings grew by up to 25%. read more
Lewis share price falls to new low

Lewis share price falls to new low

30/10/2017 - 08:50
The share price of furniture retailer Lewis Group slumped to a new low of R26.50 on Friday after a downbeat trading update. read more
AVI shares jump on news of possible asset sales

AVI shares jump on news of possible asset sales

27/10/2017 - 08:48
Fast-moving consumer goods group AVI’s share price rose 4% to R98.45 on Thursday morning, after AVI announced the potential sale of some of its businesses. read more
Pioneer’s shares fall after profit warning

Pioneer’s shares fall after profit warning

23/10/2017 - 10:34
Pioneer Foods’s share price fell 6% to R110.62 after it warned shareholders its earnings for the year to end-September had halved. read more
Quantum Foods reaps benefits of low input costs

Quantum Foods reaps benefits of low input costs

19/10/2017 - 13:41
Quantum Foods shares surged as much as 18% on Thursday, after issuing a trading update stating they expect a much improved financial performance. read more
Pick n Pay posts surprisingly strong profit growth, in face of retrenchment costs

Pick n Pay posts surprisingly strong profit growth, in face of retrenchment costs

17/10/2017 - 08:33
Despite its warnings that its staff reduction programme would cause headline earnings to fall, Pick n Pay posted an impressive 15% growth in after-tax profit and raised its interim dividend by 12%. read more
LVMH stock nears record high as revenue beats forecasts

LVMH stock nears record high as revenue beats forecasts

12/10/2017 - 08:32
Shares in LVMH climbed towards record highs on Tuesday, after the world’s biggest luxury goods company reported stronger than forecast revenue growth for the third quarter. read more
Pick n Pay shares drop after warning retrenchment costs will eat into earnings

Pick n Pay shares drop after warning retrenchment costs will eat into earnings

03/10/2017 - 08:47
Retailer Pick n Pay’s share price fell more than 1% on Monday afternoon after it warned shareholders that retrenchment costs would drag down its interim headline earnings per share (HEPS) by a slightly bigger margin than previously estimated. read more
Steinhoff raises R15.4bn for Star ahead of listing

Steinhoff raises R15.4bn for Star ahead of listing

15/09/2017 - 14:21
Steinhoff International said on Friday it had raised at least R15.4bn for its African retail assets, which it plans to list separately on the JSE on Wednesday. read more
Steinhoff shares surge after update

Steinhoff shares surge after update

01/09/2017 - 08:54
Retail group Steinhoff’s shares had one of its best days on Thursday since transferring its primary listing to Frankfurt in December 2016. read more
Stronger rand takes bite out of Brait’s dividend

Stronger rand takes bite out of Brait’s dividend

13/06/2017 - 14:47
Brait cut its dividend by 42.65% to 78.15c as a stronger rand against the pound and tough retail conditions in the UK took their toll on its net asset value. read more
SA’s net equity outflows hit R31.7bn in 2017

SA’s net equity outflows hit R31.7bn in 2017

21/03/2017 - 19:52
Foreign investors sold nearly R600m worth of local shares on a net basis last week, bringing the tally of shares sold so far in 2017 to R31.7bn. read more
New Look drags Brait down

New Look drags Brait down

15/02/2017 - 13:31
New Look was the ugly stain in Brait’s trading update for the quarter to December 2016, as the UK clothing retailer’s valuation fell R10bn following a 42% drop in the previous quarter. read more
Twitter falls 7% as lockup expires

Twitter falls 7% as lockup expires

08/05/2014 - 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. read more
Richemont falls most in two months

Richemont falls most in two months

19/03/2013 - 13:37
Johannesburg - Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in almost two months in Zurich trading after a shareholder sold about 7 million shares for 539 million Swiss francs ($569 million). read more
Ex-BlackBerry boss dumps shares

Ex-BlackBerry boss dumps shares

15/02/2013 - 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. read more
Richemont shares fall over 6%

Richemont shares fall over 6%

22/01/2013 - 07:59
Johannesburg - Shares of Richemont [JSE:CFR] fell more than 6% after the luxury goods retailer reported disappointing third-quarter sales figures and said the near-term outlook for its Asia-Pacific business was unclear. read more
Top firms gain from Uchumi’s debt swap offer

Top firms gain from Uchumi’s debt swap offer

18/12/2012 - 09:07
Top companies that converted their debt to Uchumi Supermarkets shares have seen their investments nearly double since the re-listing of the retail chain at the Nairobi bourse last year. read more
L'Oreal shares drop as results disappoint

L'Oreal shares drop as results disappoint

30/08/2012 - 08:19
Paris - Shares in L'Oreal, the world's leading cosmetics company, fell sharply in midday trading on Wednesday, a day after it released first-half results that disappointed investors.  read more
Truworths lifted by share buy-back launch

Truworths lifted by share buy-back launch

19/06/2012 - 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. read more
HCI’s offer for KWV is unfair, say directors

HCI’s offer for KWV is unfair, say directors

31/01/2012 - 08:19
The independent members of the KWV board have told KWV shareholders that the R8.50 a share offer from Hosken Consolidated Investments (HCI) is not fair. read more
Pioneer in second phase of BEE deal

Pioneer in second phase of BEE deal

12/12/2011 - 08:48
Johannesburg - Pioneer Food Group (PFG) on Friday unveiled the second phase of its broad-based black economic empowerment (B-BBEE) deal to broaden and increase direct black ownership in the company. read more
Woolies continues bull run

Woolies continues bull run

09/12/2011 - 08:50
South Africa's Woolworths continues its bull run, jumping 2 percent to 40.84 rand. read more
Shares: Spar may be dull, but it's a stable staple investment

Shares: Spar may be dull, but it's a stable staple investment

14/11/2011 - 08:55
The results of the Spar Group for the year ended September 30 2011 were not exciting. Year-on-year, diluted headline earnings per share were just 3.3% higher at 522.8c from 506.3c. With the declaration of a final dividend of 235c, total dividends for the year were 377c, 4.1% higher than in the 2010 financial year. read more
Spar Group reported a 3.3% rise in diluted headline earnings per share

Spar Group reported a 3.3% rise in diluted headline earnings per share

09/11/2011 - 16:00
South African grocery chain Spar Group on Wednesday reported a 3.3% rise in diluted headline earnings per share to 522.8 cents for the year ended September 2011 from 506.3 cents a year ago read more