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Retail

Adidas raises forecast amid boost from Chelsea payment

Jul 28 2016 09:30

Adidas has increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament.

Mining

Anglo American profit drops 23% on commodity rout

Jul 28 2016 09:15

Anglo American, which is seeking to turnaround its business to withstand a collapse in commodity prices, said first-half profit dropped 23%. Its net debt declined to $11.7bn.

Industrial

SABMiller trillion rand deal now in disarray

Jul 28 2016 06:29

AB InBev’s R1.47trn takeover bid for SABMiller was thrown into disarray after the target company suspended integration of the two brewers following a rebellion from shareholders.

Agribusiness

Poor GDP growth impacts SA’s food security

Jul 27 2016 21:00

South Africa's low GDP growth is a weak spot in terms of achieving better food security, scoring 8.8 against measures on the Global Food Security Index.

Travel & Leisure

Bookmakers not in for a ‘free ride’

Jul 27 2016 20:04

The Competition Commission has thrown out a complaint by bookmakers against Tellytrack and its partners.

Retail

Puma earnings beat estimates on soccer, women's shoes

Jul 27 2016 20:30

Puma has reported second-quarter profit that topped estimates as the German sneaker maker got a lift from Europe’s soccer championships and a focus on the women’s market.

Mining

Kumba Iron Ore sees weak prices for 2-3 years

Jul 27 2016 19:07

The iron-ore market will be oversupplied for two to three years, keeping prices low, as major miners bring projects on stream, according to Africa’s biggest producer.

Industrial

SABMiller said to order stop to AB InBev integration

Jul 27 2016 19:05

Public Investment Corporation is in talks with SABMiller over an improved offer from Anheuser-Busch Inbev, the state pension fund has said.

Financial Services

Deutsche Bank Q2 net profit tumbles by 98%

Jul 27 2016 18:42

Troubled German giant Deutsche Bank has seen net profit tumble in the second quarter, down 98% on the previous year's figure.

Agribusiness

Food security boost for rising SA

Jul 27 2016 13:58

South Africa has climbed 0.6 points in the Global Food Security Index 2016, compiled by the Economist Intelligence Unit.

Inside Fin24.com

 
Financial Services

Barclays chief urges Zim execs to be bold

Jul 27 2016 10:58

A top banker in Zimbabwe says business executives should speak out their concerns on President Robert Mugabe’s policies and economic developments in the country.

Industrial

Mitsubishi posts $1.2bn loss on fuel rating scandal

Jul 27 2016 11:00

Mitsubishi has reported a loss of ¥129.7bn for the quarter ending in June after a fuel economy ratings scandal prompted the automaker to halt minicar sales.

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