Alec Hogg From SENS Life Healthcare has released its interim results, and announced trading expectations of earning improvements of more than 20% for its year end in September 2014. Life Healthcare has a market cap of R43.8bn and is trading nearly 1% down on the day (11h00). Highlights: Revenue increased by 10.2% to R6 211 million Operating … Read more
LONDON (Reuters) – Liverpool’s Brendan Rodgers was named the League Managers Association’s (LMA) ‘Manager of the Year’ on Monday after he helped lift the Merseyside club out of the doldrums and took them to the brink of the Premier League championship. The LMA also honoured Crystal Palace boss Tony Pulis with the Premier League Manager … Read more
LONDON (Reuters) – Former England defender Rio Ferdinand is leaving Manchester United after 12 years and more than 400 appearances having won almost every major honour in the game, he said on Monday. “I have thought long and hard over the last few months about my future and, after 12 fantastic years playing for what … Read more
May 12 (Reuters) – Facebook Inc plans to open a sales office in China to work with local advertisers, Bloomberg reported, citing people familiar with the matter. The world’s largest social networking company is in talks to lease space in the Fortune Financial Center in Beijing’s central business district, Bloomberg said, citing the sources. Facebook could open an office in China within … Read more
By Sonali Paul MELBOURNE, May 13 (Reuters) – Rusal narrowed its loss from the previous quarter even as aluminium prices sank to five-year lows, which analysts said was a good sign that earnings may be near the bottom. “Sequentially it’s a major improvement on reducing the net loss. That to me is much more significant … Read more
By Randy Fabi and Euan Rocha JAKARTA/TORONTO, May 13 (Reuters) – BlackBerry Ltd launched a low-cost touchscreen device in Jakarta, the Z3, as the embattled smartphone maker looks to revive sales in emerging markets like Indonesia where its once-fervent following has shrivelled. The handset, to be presented at a glitzy launch event in the Indonesian capital on Tuesday, is the … Read more
Lonmin announced that it earned an operating profit of $34m for the six months ended March 2014, down significantly from the $93m it earned in the same period last year, but much, much higher than any reasonable person would have expected. The period in question included both the traditionally quiet December/January period and the months-long … Read more
The Sappi story has been an interesting one. A few years ago, in the face of the digital revolution and rising competition from developing country manufacturers, Sappi founds itself in a losing business. As a paper producer, Sappi saw its demand weakening, and its costs were unfavorable compared to lower-cost producers elsewhere. At the … Read more
The election results are all in and tallied – we know the ANC will lead the national government and most of the provinces, with the DA heading up the Western Cape and forming the biggest opposition party in Parliament. Now, in the aftermath of the election, is the time when analysts come out to give … Read more
MOSCOW (Reuters) – Russia coach Fabio Capello sprung a surprise on Monday by naming 30-year-old Pavel Pogrebnyak in his provisional 30-man squad for next month’s World Cup in Brazil. The striker, who plays for England second-tier club Reading, has yet to appear for his country under Italian Capello and his international career appeared to be … Read more