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SPAR GROUP NEWS ON FASTMOVING

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Rooibos tea deal changes rural community's fortunes

Rooibos tea deal changes rural community's fortunes

24/09/2019 - 10:47
A small rural community is set to supply the Spar Group with South Africa's legendary rooibos tea. read more
Spar lifts dividend after 'strong' interim performance

Spar lifts dividend after 'strong' interim performance

15/05/2019 - 08:53
Spar Group has hiked its half-year payout to shareholders by 5.2% on the back of “a strong performance” in the six months to end-March. read more
Spar Switzerland fails to deliver on promise as sales tumble

Spar Switzerland fails to deliver on promise as sales tumble

01/06/2017 - 09:42
Spar’s move into Switzerland — aimed at providing stability and growth to offset difficult local trading conditions — has not lived up to expectations yet with Swiss operations reporting mixed interim results. read more
Spar cuts dividend despite rising profit and revenue

Spar cuts dividend despite rising profit and revenue

31/05/2017 - 12:43
Grocery chain Spar cut its interim dividend by 6% to R2.40 from the matching period’s R2.55, despite growing revenue and profit. read more
Spar in “a fantastic financial position” with new stores and members

Spar in “a fantastic financial position” with new stores and members

19/05/2017 - 16:35
Convenience store chain Spar has reported an 8.5 per cent jump in sales to £2.84 billion over 2016. read more
SPAR Italy opens beautiful new supermarket in Venice

SPAR Italy opens beautiful new supermarket in Venice

16/03/2017 - 09:45
In a beautiful old building in Venice, which used to house a movie theatre, a new DESPAR store has opened. The elegant supermarket with its high ceilings and renovated frescoes makes for a truly unique shopping experience.  read more
SPAR Austria develops supermarket of the future

SPAR Austria develops supermarket of the future

03/03/2017 - 08:37
SPAR Austria is working with students from the Salzburg Technical College to develop an energy self-sufficient supermarket of the future. read more
SPAR Guangdong celebrates first store opening of 2017

SPAR Guangdong celebrates first store opening of 2017

01/03/2017 - 11:39
SPAR China Partner, SPAR Guangdong, recently celebrated the opening of its first new store of 2017, SPAR Tangxia Jindi, located in the Baihui Shopping Mall.  read more
Spar denies wittingly employing undocumented migrants after police arrest 63

Spar denies wittingly employing undocumented migrants after police arrest 63

28/02/2017 - 10:55
The Spar retail group has responded to allegations by the Department of Home Affairs, saying that it does not wittingly employ undocumented migrants read more
Spar brand in Zim transfers to new entity

Spar brand in Zim transfers to new entity

21/11/2016 - 08:20
Harare – The Spar brand will still be available in Zimbabwe, despite South Africa’s Spar Group's move to stop its distribution business in the country as the licence for the brand has now been transferred to a new entity, Spar Zimbabwe. read more
High-spirited Spar has a big year

High-spirited Spar has a big year

17/11/2016 - 10:38
Spar Group has reported a 12% surge in full-year operating profit, largely defying the malaise in the local retail sector and the Brexit-inspired dip in Europe’s consumer confidence. read more
Ireland acquisition marked ‘fundamental shift’ for Spar

Ireland acquisition marked ‘fundamental shift’ for Spar

12/11/2015 - 08:46
The Spar Group on Wednesday said it had experienced a milestone year in 2015 as the first full year of operating in a global context. read more
Irish investment gives lift to Spar

Irish investment gives lift to Spar

14/11/2014 - 10:18
Shares in Spar Group surged as such as 9.5% to an all-time high of R146.36 on Wednesday after the groceries and liquor retailer beat earnings forecasts with a first contribution from the group’s new Irish business, and as consumers turned to Spar’s more affordable house brands. read more
Spar's UK deal good for SA

Spar's UK deal good for SA

15/08/2014 - 10:23
Durban - Spar Group’s acquisition of the brand in Ireland and supermarkets in other parts of the UK was given the thumbs up by analysts on Wednesday. read more
Investigation uncovers unlawful food labelling

Investigation uncovers unlawful food labelling

14/08/2014 - 10:23
Some of the country’s major retailers have been implicated in a food labelling scandal that could see consumers suffering from diarrhea, vomiting and, in severe cases, death. read more
Spar to take 80% stake in BWG Group

Spar to take 80% stake in BWG Group

12/08/2014 - 13:44
The Spar Group on Monday announced it had entered into an agreement whereby it will subscribe for an 80% stake in BWG Group for a purchase consideration of €55m. read more
Spar to open Angola store

Spar to open Angola store

29/08/2013 - 10:41
Johannesburg - Spar Group Ltd., a South African food and liquor retailer, is working with an Angolan partner to open a store in the country’s capital, Luanda, in the next six months, Finance Director Mark Godfrey said. read more
Spar Group South Africa profit rises 12% as liquor sales gain

Spar Group South Africa profit rises 12% as liquor sales gain

15/05/2013 - 15:40
Spar Group Ltd. (SPP), a South African food and liquor retailer, said first-half profit climbed 12 percent as higher prices countered slower consumer spending. read more
SPAR Group Announces South African JV That Will Generate $7 Million in Revenue

SPAR Group Announces South African JV That Will Generate $7 Million in Revenue

17/10/2012 - 08:53
TARRYTOWN, NY--(Marketwire - Oct 4, 2012) - SPAR Group, Inc. (SGRP) (the "Company" or "SPAR Group"), a leading supplier of retail merchandising and other marketing services throughout the United States and internationally, recently announced that the company, through its subsidiary in South Africa (SGRP Meridian), has completed the signing of a joint venture agreement to expand its operations in South Africa.  read more
Singapore state investor buys into SA’s Spar, as trend continues

Singapore state investor buys into SA’s Spar, as trend continues

19/06/2012 - 09:02
South African retailers continue to pique the interest of foreign buyers, with the Government of Singapore Investment Corporation acquiring a stake in Spar. read more
SPAR Group: final trading overview March 2012

SPAR Group: final trading overview March 2012

22/05/2012 - 09:05
Trading profit for the period under review reflected a pleasing improvement over the same period last year. The consumer remained under pressure, high unemployment levels persisted and food retail competition intensified, which all led to a challenging trading environment. This was partly countered by higher internal inflation of 7.2% for the period. read more
Retail property fund gets JSE green light

Retail property fund gets JSE green light

02/12/2011 - 15:25
[Cape Town 2 December 2011] Plans to list South Africa’s first dedicated convenience-retail property fund on the JSE Securities Exchange are on track for mid-December following the bourse’s approval. read more
Spar full-year profit lags consensus

Spar full-year profit lags consensus

22/11/2011 - 07:57
Johannesburg - Grocery retailer Spar Group [JSE:SPP] missed forecasts with a 3.3% rise in full-year profit as tough competition, weak selling prices and fragile consumer demand weighed on its margins. 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
Spar looking to expand in Africa

Spar looking to expand in Africa

13/07/2011 - 10:06
Johannesburg - The Spar Group is considering further business opportunities elsewhere in Africa, Business Report reported on Wednesday. read more
Something different in the food retail space

Something different in the food retail space

11/05/2011 - 12:22
Orapa – Of the three major food retailers listed on the JSE, Spar is the smallest. For this reason it is sometimes overlooked by investors. read more