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Highlights of the day: 7 December

April 16, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

Nampak Limited

  • PSG Asset Management has acquired shares in the company and now holds 6.23% of the total issued ordinary shares of the Company.
  • Standard Bank has acquired shares in the company and now holds 7.69% of the total issued ordinary shares of the company.

Naspers Limited- Update on repurchase program

  • The Group repurchased 850 610 Naspers for a total consideration of ZAR2 211 829 561.

Prosus- Update on repurchase program

  • Prosus repurchased 5 156 456 Prosus shares for a total consideration of US$328 323 123.

Renergen Limited

  • Renergen has announced that South Africas first domestically produced LNG has been delivered.

Sanlam Limited- Operational update for the 10-month period ended 31 October 2022

  • The group net result from financial services decreased by 1%
  • Net operational earnings declined by 6%.
  • Life insurance new business volumes decreased by 4% to R54.4 billion.
  • Net client cash inflows decreased by 6% to R57.4 billion.

 

The U.S.

Meta

  • Metas targeted ads model is facing restrictions in Europe.

Apple

  • Apple has unveiled a new feature Apple Music Sing that allows users to sing along to their favorite songs with adjustable vocals and real-time lyrics."
  • Apple has delayed the launch of its self-driving cars until 2026.
  • Apple will build chips in the US for the first time in nearly a decade, working with Taiwan Semiconductor.

Morgan Stanley

  • Morgan Stanley has fired about 2% of its staff.

Tesla

  • Tesla has begun revamping its Model 3 production line at its Fremont factory.

Mastercard

  • Mastercard raised its quarterly dividend by 16% to $0.57 per share and also announced a new $9 Billion share buyback program.

Taiwan Semiconductor

  • Taiwan Semiconductor expects $10 billion in annual revenue from its Arizona factory.
  • .

Uber

  • Uber and Motional just announced the launch of their public robotaxi service in Las Vegas, NV.

Robinhood- November operating data

  • Net Cumulative Funded Account of 23M up 1.3% YoY.
  • Monthly Active Users of 12.5M down 33% YoY.
  • Assets under the custody of $70.2B.

Lowes

  • Lowes has announced a new $15 Billion share buyback program.

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