Archive for May 27th, 2010

lindsay Williams talks to Andre Roux of Investec Asset… »

Fashion retailer Foschini (FOS) witnessed a 6.3% decline in diluted headline earnings per share from 553 cents to 518.2 cents for the year ended March.
This was notwithstanding a 6.4% growth in retail turnover to 8.6 billion rand, with total turnover increasing from almost 10 billion rand to 10.78 billion rand…. »

Packaging group Nampak (NPK) lifted fully diluted headline earnings per share by 15% from 66.7 cents to 76.7 cents for the six months ended March.
The group’s operating profit for the half-year reflected a 13% increase from 707 million rand to 799.6 million rand, while the operating margin improved from… »

South Africa’s producer price index (PPI) registered growth of +5.5% year-on-year (y/y) in April from +3.7% y/y in
March, Statistics South Africa (Stats SA) data on Thursday showed.
The PPI increased 1.5% on a monthly basis after March’s monthly increase of 0.2%.
The PPI was expected to have… »

U.S. stock markets are oversold and may rally strongly in the next few days, said investor Barton Biggs, who runs New York-based hedge fund Traxis Partners LP.
“I think they’re going to stabilize in this general area, and then we’re going to have a significant move to the upside,” Biggs, whose flagship fund returned three times… »

WHAT TO WATCH FOR:
The main focus of attention today is PPI data, due for release by Stats SA at 11.30am.
SA’S producer price index (PPI) is expected to have reached 4.6% year-on-year (y/y) in April from the 3.7% y/y seen in March, a survey by I-Net Bridge has found.
Forecasts among the nine leading economists surveyed ranged… »

Johannesburg, May 27 (I-Net Bridge)   Compagnie Financiere Richemont (CFR), the Swiss-based luxury goods group, said on Thursday it diluted headline earnings per share slumped 44% to EUR 1.092 for the financial year ended in March 2010 from EUR 1.948 in the corresponding period in 2009, describing the year as a “challenging period”.
Sales declined 4% to… »

Tim Geithner, the US Treasury Secretary, has called for Europe’s leaders to shore up the euro and calm global markets by putting their €750bn (£635bn) rescue plan into action… »

The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history…. »