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Reuters - 1周前

Australia's Nine Entertainment CEO Mike Sneesby to step down

UPDATE 2-Australia's Nine Entertainment CEO Mike Sneesby to step down Mike Sneesby to step down from Sept. 30 Matt Stanton to be acting CEO from Oct. 1 Adds share moves in paragraph 2 and analyst comment in paragraph 5 By Adwitiya Srivastava Sept 12 (Reuters) - Australian broadcaster Nine Entertainment NEC.AX said on Thursday Chief Executive Officer Mike Sneesby would step down with effect from Sept.
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Reuters - 2周前

South Africa's TFG sales fall 3.5% as consumers spend less

South Africa's TFG sales fall 3.5% as consumers spend less JOHANNESBURG, Sept 4 (Reuters) - South African fashion retailer TFG TFGJ.J said on Wednesday that sales for its 21-week period fell by 3.5%, as inflation and high living costs continued to put pressure on consumer demand for discretionary categories. By 1327 GMT, shares were down 3%. TFG, owner of the Foschini and Markham clothing stores said sales in its Africa arm, which contributes 69.9% to the group, were down by 1% in the 21 weeks t
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Reuters - 2周前

Woolworths warns it may not hit fashion profit margin target on time

UPDATE 2-Woolworths warns it may not hit fashion profit margin target on time FBH EBIT margin target maintained at over 14% Macro headwinds, poor product availability hit profit FY profit before tax slumps 34.6% New store formats to drive top line growth Recasts with EBIT margin target By Nqobile Dludla JOHANNESBURG, Sept 4 (Reuters) - Headwinds including product availability and higher living costs have pushed back when Woolworths' fashion business will reach its profit margin target, the retai
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Reuters - 2周前

South African Markets - Factors to watch on Sept 4

South African Markets - Factors to watch on Sept 4 JOHANNESBURG, Sept 4 (Reuters) - The following scheduled economic event, company announcement, and equity and currency market moves may affect South African markets on Wednesday. ECONOMIC EVENTS S&P Global Whole Economy PMI for August COMPANIES South African upmarket fashion and food retailer Woolworths WHLJ.J reported a 16.8% decline in full-year headline earnings on weak sales, as higher living costs continue to weigh on discretionary spend.
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Reuters - 2周前

Australia shares end slightly lower; iron ore and lithium miners slump

Australia shares end slightly lower; iron ore and lithium miners slump Mineral Resources emerges top loser Wesfarmers falls 1.4% CBA touches record high Updates to close By Rishav Chatterjee Sept 3 (Reuters) - Australian shares ended marginally lower in subdued trading on Tuesday, dragged down by consumer and mining stocks, while local investors waited for crucial growth data.
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