Highlights of the day: 2 December

FinMeUp highlights of the day

South Africa

Tiger Brands Limited- Audited group results and dividend declaration for the year ended 30 September 2022

• Revenue increased by 10% to R34.0 billion.
• Group operating income increased by 53% to R3.4 billion.
• EPS increased by 65% to 1 762 cents per share.
• The companys share buy-back program returned R1.5 billion to shareholders.
• The Company has declared a final ordinary dividend of 653 cents per share which will be paid on Monday, 23 January 2023.

Brait PLC

• The board of Premier Group Limited (a major subsidiary of the company) has elected not to follow through with an IPO, as the South African capital markets have not been conducive.

The U.S.

Cannabis

• Senator Hickenlooper today formally filed a previously announced bill to set the U.S. up for federal cannabis legalization.

Kanye West

• Kanye West is no longer buying the social media platform Parlour as previously reported.

Marvell Earnings

• EPS of $0.57 missing expectations of $0.59.
• Revenue of $1.54B missing expectations of $1.5.