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Highlights of the day: 6 September

March 4, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

Woolworths Holdings Limited- Dealings in securities

  • David Kneale, a director of Woolworths, purchased 8 500 shares at a total value of R511 700.00.

Shoprite Holdings Limited- Group results for the 52 weeks to 3 July 2022

  • Sale of merchandise grew 9.6% to R184 078 million.
  • Profit for the year grew 21.5% to R5 730 million.
  • Basic EPS grew 22,9% to 1 046.5 cents per share.
  • The Board has declared a final dividend of 367 cents per share, to be paid on Monday, 3 October 2022.

SA GDP Data

  • The South African economy contracted by 0,7% in Q2: 2022.

 

The U.S.

Tesla

  • Tesla is preparing to launch its electric vehicles in Thailand for the first time with a significant hiring spree.

Amazon

  • Amazon is considering entering the prescription drug sales business in Japan.

Volkswagen

  • Volkswagen is expected to approve the Porche IPO plan.

Chips act

  • American President, Biden just released his implementation strategy for the $50B CHIPs act:
  • $28B for "Large scale investments in leading-edge manufacturing."
  • $10B for "New manufacturing capacity for mature & current-gen chips."
  • $11B for "Initiatives to strengthen US leadership in R&D."

ManU

  • The owners of Manchester United, the Glazer family, have reportedly placed a 3.75 Billion price tag on the team.
  • The share price is currently up about 2% in pre-market trading.

 

Biggest winners and losers

JSE

  • PSG Konsult +4.97%
  • Shoprite -7.39%

U.S.

  • Netflix -4.01%
  • Pinduoduo -5.12%

Crypto

  • Bitcoin -0.1%
  • Ethereum +4.9%
  • BNB +1.5%

 

 


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