The share price of JSE-listed home furnishings retailer Lewis Group rose 9.48% on Wednesday, hitting a new 52-week high and closing at R47.45, after the company reported strong half-year results for the six months ended September 30. Read more.
Italy's competition authority has fined Amazon and Apple more than €200m (£168m) for allegedly breaching competition rules. Read more.
Investment holding company Brait, listed on the JSE and Luxembourg Stock Exchange, saw its share price drop by over 10% (to around R4,05) on Tuesday morning after the company announced plans for a rights issue of up to R3 billion to refinance its debt. Read more.
Shares of HP rose more than 8% in extended trading Tuesday after the computer hardware maker reported better-than-expected quarterly results and a strong forecast for the current quarter. Read more.
South Africa's largest private hospital group Netcare plans to digitise its entire ecosystem, with the rollout set to begin in 2022. Read more.
Zoom reported better-than-expected quarterly profit on Monday, but warned investors that revenue growth at the video chat company will slow as the pandemic comes to an end. Read more.
Ford Motor and Rivian no longer plan to jointly develop an electric vehicle, the companies confirmed Friday. The two companies had originally announced plans to develop a joint vehicle when the automaker invested $500 million in Rivian in 2019. Read more.
Listed consumer goods maker Tiger Brands will cut costs by R450 million in the 2022 financial year after the recall of about 20 million canned vegetables and the July riots cost the company R732 million before tax. Read more.
Alibaba on Thursday missed revenue and profit expectations for the September quarter as slowing economic growth in China weighed on results, adding to regulatory headwinds. Read more.
A couple of weeks ago, Investec "warned" shareholders that interim results for the six months to September 2021 would be much better than those for the troubled first half of the last financial year. Read more.
Debt-ridden property developer China Evergrande is set to raise about $273 million from the sale of its remaining stake in film production and streaming company HengTen Networks. This is according to a statement released before the stock market opened on Thursday. Evergrande, the largest issuer of U.S. dollar debt among Chinese property developers, was on the verge of officially defaulting this year. The company has made eleventh-hour payments and resumed building apartments owed to buyers. But that's only a fraction of what the company owes. Read more.
Spar's share price fell more than 7% on Wednesday after the company reported weak financial results for the 2021 financial year ended September 30. While the group described its "robust performance" despite "numerous challenges" during the year, the market reacted to the fact that it could only report revenue growth of 2.9% (to R127.9 billion). "Mixed performance across the regions resulted in an operating profit of R3,4 billion, down 1,5% on the previous year," the group said in its Sens results statement. "At constant exchange rates, revenue increased 3.9%, highlighting the impact of the stronger rand on the