Highlights of the day: 10 October

FinMeUp highlights of the day

South Africa

Kumba Iron Ore

• Transnet has declared a Force Majeure due to strike action.
• The estimated impact on production is approximately 50 000 tonnes per day for the first seven days and thereafter, approximately 90 000 tonnes per day. Export sales will be impacted by approximately 120 000 tonnes per day.

Sirius Real Estate Limited- Trading update

• Trading is in line with expectations and the balance sheet is strong and flexible.
• FFO in line with consensus and management expectations for the full year.
• Cash reserves of around 162 million provide capacity for acquisitions and investments.

Famous Brands Limited- Trading statement

• Basic earnings per share is expected to increase between 143% and 197% to between 233 cents per share and 285 cents per share.

The U.S.

Amazon

• Amazon plans to invest more than 1 Billion over the next 5 years to more than triple its electric van fleet in Europe to over 10 000 vehicles by 2025.

Bank of England

• Bank of England doubles the size of bond buybacks.