Highlights of the day: 19 December

FinMeUp highlights of the day

South Africa

Woolworths Holdings Limited

• Woolworths has agreed to sell its entire shareholding in David Jones to Anchorage Capital Partners.

Steinhoff Investment Holdings Limited- Annual results for the year ended 30 September 2022

• Revenue from continuing operations grew by 5.3% to R81.4 billion.
• Operating profit from continuing operations improved by 68.1% to R20.0 billion.
• The majority of the Groups litigation settlement provision was settled during the year.
• Basic EPS grew by 121.3% to 25 863.6 cents per share.

The U.S.

Twitter

• Elon Musk has Tweeted a Twitter poll to decide if he should step down as head of Twitter.

Tesla

• Tesla has plans to announce its new EV assembly plant in Northern Mexico as soon as next week.
• Elon Musk has now sold $22.9 Billion worth of Tesla stock in 2022.

Cathie Wood

• Cathie Wood's Ark Innovation ETF has seen net inflows of more than $1.5 Billion in 2022.

Binance

• Binance US has agreed to acquire the assets of Voyager Digital for $1.02B.