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Highlights of the day: 22 June

Feb. 29, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

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South Africa

Share buybacks

  • British American Tobacco has repurchased 540,000 shares and intends on holding the shares in treasury.
  • Glencore has repurchased 1,160,000 shares and intends on holding the shares in treasury.

 

U.S.

Twitter

  • Twitter is planning on expanding into long-form content with upcoming Twitter Notes feature.
  • "users will be able to create articles using rich formatting and uploaded media, which can then be tweeted and shared with followers upon publishing"
  • The Twitter board have unanimously recommended that its shareholders approve the Elon Musk takeover bid.
  • The acquisition would be worth $44 billion.
  • The deal would take Twitter private at $54.20 per share.

eBay

  • eBay has agreed to acquire NFT marketplace KnownOrigin.

 

Biggest winners and losers

JSE

  • Ninety One +2.48%
  • Sasol -6.95%

US

  • DocuSign +4.77%
  • JD.com -4.15%

Crypto

  • Bitcoin -4.3%
  • Ethereum -6.2%
  • Solana -7.0%

 

 


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