Market Movers: Woolworths, Naspers and Gold
Woolworths announced an update that was worse than expected, with headline earnings (the primary indicator of performance) falling by 40%.
Ian Moir
The more things change the more they stay the same – Woolworths food delivers as apparel and beauty lag
Woolworths food shines whilst its apparel and beauty units continue to underperform, a recurring theme since the acquisition of David Jones.
Remuneration in the big league; A R77m exit coupled with a 66% fall
One has to question the role of a shareholder when 82.24% vote against a remuneration report, yet they are classified as ‘non-binding advisory votes’.
Investors cheer Ian Moir’s exit as Woolworths hires CEO from Levi Strauss
Woolworths investors cheered the news that CEO Ian Moir will step down in a month’s time, sending the share price up almost 10%.
Ian Moir, Christo Wiese might learn from Tendai ‘Beast’ Mtawarira
Tendai “Beast” Mtawarira will be retiring from international rugby at exactly the right moment. There is, perhaps, a lesson here for some corporate leaders.
Obscenely large pay packet or well deserved? Sizing up Woolworths CEO Ian Moir’s salary
A spotlight has shone on Woolworths CEO Ian Moir and Ted Black takes a close look at his pay packet, with some fascinating insights refracting back.
🔒 WORLDVIEW: Here’s why Woolworths CEO’s R191m package is all wrong
In the last five years, Woolworths CEO Ian Moir earned around R191m. For those of you keeping score at home, that’s close to R40m a year.
More Woolies agony: $299m David Jones write off, making it 2 in 2
Woolworths wrote down the value of its Australian department-store chain for a second time as the South African retail group’s ill-fated expansion continues to sour.
Woolworths dismisses Aussie CEO after $541m David Jones writedown
Woolworths said Australian division head John Dixon will leave and won’t be replaced after South Africa’s biggest clothing and food retailer was forced to write off $541 million from the country’s David Jones business earlier this year.
Woolworths maintains divi – H1 earnings slide 4.3%
Woolworths will maintain its dividend payout for the 26 weeks ended 25 December, as it announced a 4.3% drop in headline earnings per share.