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Highlights of the day: 12 July

July 17, 2023
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

FinMeUp Mentorship Month!

We want to provide our community with the opportunity to engage with our team. A financial coach in your pocket! Do you have a question that youd like to ask? Great! Well answer them all! linktr.ee/FinMeUpLinks

 

South Africa

Anglo American

  • Anglo American has announced the first production of copper concentrate from its Quellaveco project in Peru.
  • Quellaveco nears completion ahead of receiving final regulatory clearance for commercial operations to begin.
  • Quellaveco alone will increase the whole of Perus copper production by around 10%.

Lewis Group

  • At the AGM in October 2021, shareholders granted the company authority to repurchase shares of up to 10% of Lewis Groups issued share capital.
  • The Board has fully utilised the AGM General Repurchase Authority.

 

The U.S.

Starbucks

  • Starbucks has announced its closing of 16 stores after workers reported drug use by members of the public and crime concerns.

Disney

  • Marvel Studio movies have now grossed more than $26 Billion at the box office since Disney acquired the company back in 2009.
  • Disney acquired Marvel Entertainment for $4 billion.

Amazon

  • Amazon is reportedly working on Cancer vaccines with Fred Hutchinson.
  • Amazon and Fred Hutchinson are reportedly currently recruiting patients for a clinical trial.

Rivian

  • Rivian plans to cut about 5% of its workforce.
  • The planned layoffs are reportedly focused on nonmanufacturing roles.

Spotify

  • Spotify has announced it has agreed to acquire music trivia game Heardle.

Microsoft

  • Microsoft says it has cut less than 1% of its global workforce.
  • The cuts are a part of a structural adjustment with Microsoft reportedly planning more hiring.

Pepsi Earnings

  • EPS of $1.86 beating expectations of $1.74.
  • Revenue of $20.23B beating expectations of $19.51B.

 

Biggest winners and losers

JSE

  • Tsogo-Sun +4.11%
  • Vivo -15.99%

US

  • PayPal +2.61%
  • CrowdStrike -4.86%

Crypto

  • Bitcoin -2.4%
  • Ethereum -5.5%
  • XRP -2.8%

 


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