• Three cheers for Thuli

    Where are South Africa’s men and women of honour, asks Mandi Smallhorne.

  • Structure your pension

    An expert explains the ins and outs of different types of retirement annuities.

  • Inside Labour

    Without radical policy change SA's social fabric will continue to fray, says Terry Bell.

Data provided by iNet BFA
Loading...
See More

Pick n Pay plummets on profits warning

Oct 05 2012 15:21 Reuters

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 268.85
Change -0.06
% Change 0.00
Cumulative volume 1231209
Market cap 377.86bn

Last Updated: 01/09/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

PICK N PAY STORES LIMITED [JSE:PIK]

Last traded 56.99
Change 0.49
% Change 0.01
Cumulative volume 418650
Market cap 27.77bn

Last Updated: 01/09/2014 at 04:25. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 181.62
Change 0.57
% Change 0.00
Cumulative volume 396352
Market cap 73.28bn

Last Updated: 01/09/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Pick n Pay warns of low stock

FNB clients to get cash from tills

Vavi attacks Walmart deal

Shoprite's share price falls

Retail sector 'needs BEE charter'

New CEO for Pick n Pay

 
Johannesburg - Shares in Pick n Pay [JSE:PIK] fall more than 6% as the food retailer says first-half profit likely declined by as much as 40% due to intensified competition and poor availability of stock from suppliers.

Pick n Pay, which named former UK head of Tesco, Richard Brasher, as its new chief executive this week, is down 6.16% at R43.99.

Meanwhile, miners surged on bargain hunting, with shares of Anglo American [JSE:AGL] and other resource companies leading the gainers on the JSE.

A weaker rand and higher metal prices added to bullish sentiment as local mining companies benefit from a weaker rand because they sell commodities for dollars but pay most costs in rand.

Anglo shares rise 3.25% to R257.81 while shares in platinum producers add more than 2% even as labour unrest continues to close operations.

Harmony Gold [JSE:HAR] is 2.3% higher at R68.44 and AngloGold Ashanti [JSE:ANG] adds 2% to R290.54 as the weaker rand and higher dollar gold price push bullion priced in rand to record levels.

* Follow Fin24 on TwitterFacebookGoogle+ and Pinterest.  


NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

“Hippie sense makes business sense,” an entrepreneur said, adding that "purpose" was core to success.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...