July 27, 2024, 3:04 a.m.
Highlights of the day: 8 June
July 17, 2023
13
81
0
![FinMeUp](https://storage.googleapis.com/finmeup-core-prod.appspot.com/users/avatars/8C1ABB49-5711-41D5-944E-FB3B922DBEBE_600x600_NTez8NO.jpeg)
Author
FinMeUpFinMeUp Highlights of the day
 
South Africa
The Spar Group Limited- Unaudited interim results for the six months ended 31 March 2022
- Group turnover improved 5.2% to R67 605.2 million.
- Operating profit grew 7.1% to R1 832.0 million.
- EPS decreased 1.8% to 605.5 cents.
- HEPS grew 3.5% to 642.6 cents.
- The board has declared a dividend of 175.0 cents per share, which is a decrease of 37.5%.
- Net asset value per share grew 10.4% to 4 373.9 cents.
Naspers
- Regulators in China approved new video games.
- The stock is up 9% following the news.
Sanlam Limited- Operational update for the four-month period ended 30 April 2022
- The Sanlam Group recorded a satisfactory performance for the first four months of 2022, despite global supply chain disruptions, global financial markets decline, the Russian invasion of Ukraine, surging inflation and floods in KZN.
- Sanlam completed the package of transactions that finalises their partial exit from the UK, with only a focused international asset management business remaining.
- The acquisition of the Alexforbes retail and group life businesses was also completed in the period.
- Net result from financial services decreased by 7%, largely due to the catastrophe events at Santam and the impact of market volatility on credit spread earnings as well as SEMs general insurance float returns.
- Net value of new covered business was down by 16%.
- Group net client cash inflows of R26,7 billion were down 5%.
- Group solvency ratio remains strong at 171% on 31 March 2022.
 
U.S.
AMD
- AMD has priced its previously announced $1B debt offering.
- AMD will sell: -$500M of 3.924% notes due in 2032 and $500M of 4.393% notes due in 2052
Microsoft & Docusign 
- Microsoft and Docusign announced an expansion of its global strategic partnership.
- "Our collaboration with DocuSign enhances our ability to help our customers bring the agreement processes directly into the flow of work" CCO Judson Althoff.
Shopify
- Shopify shareholders have agreed to a 10:1 stock split.
Apple
- Apple has reportedly agreed to acquire an untitled Formula One racing movie that has Top Gun: Maverick filmmaker Joseph Kosinski directing and Brad Pitt attached to star according to The Hollywood Reporter.
- Apple today was awarded a patent for "Electronic devices having displays with curved surfaces and image transport layers".
Ark Invests
- Cathie Wood and Ark Invest's had assets under management of $15.3B across all its ETFs as of June 1st down 48% from the start of the year according to Bloomberg.
PayPal
- PayPal announced that users will now be able to transfer cryptocurrency from their accounts to other wallets and exchanges according to Tech Crunch.
Starlink
- Elon Musk says Starlink is 3-4 years away from an IPO.
Tesla
- Tesla opened its first physical store in Inner Mongolia in Hohhot.
 
Biggest winners and losers: 
JSE
- Naspers +8.91%
- Bytes -6.68%
US
- Pinduoduo +5.58%
- Intel -3.72% 
Crypto
- Bitcoin +2.7%
- Ethereum +2.2%
- Cardano +8.5%
 
Our weekly newsletter discusses the highlights of the week, as well as a brief overview of the best content posted on the app for the week. To sign up, feel free to visit our website: https://www.finmeup.co.za/, or click directly on the following link: https://bit.ly/FinMeUp_Newsletter