Highlights of the day: 4 November

FinMeUp highlights of the day

South Africa

Shoprite Holdings Limited- Disclosure of acquisition of securities

• GIC Private Limited has acquired Shoprite shares and now holds 5% of the total issued Shoprite Holdings ordinary shares.

Glencore PLC

• Glencore Energy UK Limited has fully resolved the investigation by UK authorities.
• Glencore Energy UK Limited will pay a financial penalty and costs of 280,965,092.95 in respect of the previously announced resolution of the UK Serious Fraud Office investigation.
• This comes after the Company admitted to five counts of bribery and two counts of failure to prevent bribery under the UK Bribery Act 2010.

MTN Group Limited- Quarterly update for the period ended 30 September 2022

• Group service revenue grew by 14.3%.
• Group voice revenue grew by 2.7%.
• Group data revenue grew by 33.2%.
• Group fintech revenue grew by 12.9%.
• Group EBITDA grew by 14.7%.
• MTN South Africa service revenue is up by 3.5%.
• MTN Nigeria service revenue is up by 20.7%.
• Subscribers increased by 6.8% to 284.9 million.
• Active data subscribers increased by 14.9% to 135.4 million.
• MoMo customers increased by 23.3% to 63.0 million.
• MoMo volume of transactions increased by 32.7% to 9.5 billion.

AngloGold Ashanti Limited

• AngloGold Ashanti completes acquisition of Nevada Properties from Coeur Mining for a total consideration of $150 million.

The U.S.

Twitter

• Twitter has warned employees that job cuts will commence on Friday 4 November.

Cloudflare earnings

• EPS of $0.06, beating expectations of $0.04.
• Revenue of $253.9M, beating expectations of $250.7M.

PayPal Earnings

• EPS of $1.08, beating expectations of $0.96.
• Revenue of $6.85B, beating expectations of $6.81B.
• PayPal is adding Apple Pay as a payment option at some checkouts.

Starbucks earnings

• EPS of $0.81, beating expectations of $0.72.
• Revenue of $8.41B, beating expectations of $8.31B.
• Starbucks reports China Surpasses 6,000 Stores, Pushing Global Store Count To Record 35 711.

Coinbase earnings

• EPS of -$2.43.
• Revenue of $590.3M, missing expectations of $649.2M.

Crocs earnings

• EPS of $2.97, beating expectations of $2.61 by 13.65%. 
• Revenue of $985.09M, beating expectations of $943.77M by 4.38%.

Square earnings

• EPS of $0.42, beating expectations of $0.23 by 83.29%.
• Revenue of $4.52B, beating expectations of $4.47B by 1.05%.
• Bitcoin revenue of $1.76B, missing expectations of $1.8B.