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Financial Services

Big bonus for World Bank chief sparks protest

Oct 02 2014 10:15

A $94 000 bonus for the World Bank's finance chief, disclosed in an internal blog, is drawing criticism from staff who are questioning it, amid budget cuts.

Retail

Tesco's £250m black hole raises questions

Oct 02 2014 09:45

"Things are always unnoticed, until they're noticed," Tesco chairperson says on how the retailer has failed to spot a £250m sized hole in its first-half profits.

Industrial

SAA seeks state bailout again

Oct 01 2014 19:31

South African Airways is again seeking government support, two years after it was granted R5bn in loan guarantees.

Financial Services

IMF warns on growth of shadow banking

Oct 01 2014 20:30

Lightly regulated "shadow banking" has grown to huge proportions in the global financial system and increasingly poses a risk to stability, says the IMF.

Mining

In depressed platinum market, Amplats struggles

Oct 01 2014 19:07

Less than a year after ending an annual supply contract with its main buyer, Amplats is struggling to implement a new strategy of selling directly to end-users.

Financial Services

Old Mutual completes sale

Oct 01 2014 18:45

Old Mutual Plc has announced the sale of Skandia Germany and Skandia Austria to Heidelberger Leben Group.

Retail

Pepsi to launch naturally soda on Amazon

Oct 01 2014 18:15

PepsiCo is for the first time introducing a product exclusively through Amazon.com as the snack and soft drink maker aims to expand its footprint in e-commerce.

Financial Services

JPMorgan faces suit over mortgage bonds

Oct 01 2014 17:45

JPMorgan Chase will face a US class-action lawsuit over the sale of $10bn worth of allegedly falsely valued mortgage bonds before the financial crisis.

Financial Services

Shuttleworth wins R250m case against Sarb

Oct 01 2014 17:09

Billionaire businessman Mark Shuttleworth has won his appeal against the SA Reserve Bank and has been awarded R250m with interest by the court of appeal.

Property

Bonatla warns of earnings loss

Oct 01 2014 13:45

Bonatla Property has advised that the earnings per share for the period ended June 30 2014 are expected to move from an earnings position to a loss position.

Inside Fin24.com

 
Industrial

Oil exploration returns to Alsace region

Oct 01 2014 13:20

Sustainably high oil prices have lured small oil explorers back to Alsace, the cradle of the French oil exploration industry.

Retail

UK watchdog to investigate Tesco scandal

Oct 01 2014 12:36

Britain's financial watchdog has launched a full investigation into the Tesco accounting scandal that has now wiped £4bn from the grocer's stock market value.

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