Highlights of the day: 14 July

July 17, 2023

Author

FinMeUp

FinMeUp highlights of the day

South Africa

Anglo American PLC

Anglo American and Nippon Steel Corporation have partnered to accelerate the transition to lower carbon steelmaking, building on the premium physical qualities of Anglo Americans iron ore to help reduce emissions.

Pan African Resources PLC- Operational update for FY2022

Pan African Resources reported record annual gold production.
Gold production increased 2% to 205,459oz of gold.
Gold production was ~3% higher than the upwardly revised guidance of 200,000oz and ~5% higher than the initial guidance of 195,000oz, released at the inception of the Reporting Period.
Net senior debt reduced by 71.5% to US$9.6 million from US$33.7 million in FY2021.

Crypto regulation

The South African Reserve Bank is set to introduce regulations next year that will see cryptocurrencies classed and treated as financial assets to balance investor protection and innovation.

U.S.

Taiwan Semiconductor Earnings

Revenue: $17.88B VS expectations of $17.38B.
Net income: $7.93B VS expectations of $7.35B.
Gross Margin: 59.1% VS expectations of 56.8%.

Ark Invest

Cathie Wood and Ark Invest bought 1.04 million shares of Square yesterday.

Tesla

Tesla's AI and Autopilot chief, Andrej Karpathy has announced he is leaving Tesla.

Occidental

Warren Buffett's Berkshire Hathaway just filed for its purchase of 4.3 Million more shares of Occidental.

Walgreens

Walgreens declared a quarterly dividend of $0.48 per share up from its previous dividend of $0.4775 per share.
This is the 47th consecutive year Walgreens has raised its Dividend.

Netflix