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The Week Ahead: Earnings releases around the world gain momentum

In SA, the following companies are expected to report next week: Vodacom (3Q23 Earnings Update) – At the half-year point, the group reported a 9.5% y/y decrease in headline earnings per...

Tiger Brands shares take hit on ‘bleak future’

Tiger Brands slid nearly 6 percent on the JSE yesterday after it slammed the brakes on dividend payments because of what it said would be a bleak future following a difficult...

Truworths shares hit nine-year low on R1.7bn UK write-down

Retailer cuts value of its UK business by more than a third on Brexit uncertainties and a shift to online shopping. Shares in Truworths International have hit a nine-year low after the...

Spotify revenue beats on higher paid subscriber addition, shares rise

Spotify Technology SA reported a better-than-expected rise in first-quarter revenue on Monday as the music streaming company hit 100 million paid subscribers for its premium service, sending its shares up nearly...

Uber plans to sell around $10 billion worth of stock in IPO

Most of the shares sold would be issued by the company, while a smaller portion would be owned by Uber investors cashing out, one of the sources said. Uber Technologies Inc has...

BMW shares plunge over emissions investigation

BMW shares fell after the luxury carmaker warned of a probable first-quarter charge exceeding 1billion (R15.87bn) related to an EU investigation into alleged collusion by German automakers to delay the rollout...

Aspen shares on the rise after deal news

Aspen Pharmacare's share price continued to rally on the JSE, gaining more than 4 percent yesterday morning as the market welcomed the pending sale of Africa’s largest drug manufacturer’s milk formula...

SA’s biggest medicine company is in meltdown

The company has lost more than a third of its value, or nearly R100 per share, since it released its results. Aspen Pharmacare’s shares slid another 8% on Wednesday even as the...

Dischem profit up as market share increases

JOHANNESBURG - South African pharmacy group Dis-Chem’s half-year profit on a per share basis rose 10.5% as it lifted its market share across all divisions. The drugstore chain said diluted headline...

Alexander Forbes fires CEO over a ‘loss of confidence and trust’

Alexander Forbes announced on Tuesday morning that it had terminated the services of CEO Andrew Darfoor. In a notice to shareholders, the financial services provider said its board resolved to terminate...

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Understanding standby, prime and continuous gensets

The increasing reliance of South African businesses on generator sets (gensets) to mitigate power disruptions highlights a crucial need for proper selection based on...

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