FY Diluted HEPS up 1.9%, up 21.4% in H2 Homeware benefited from home improvement trend Shares surge to two-year high (Recasts with dividend, adds shares, analyst and context)
JOHANNESBURG, May 27 (Reuters) - South Africa’s Mr Price said on Thursday it would pay a final dividend after full-year profit rose 1.9% on a strong second half and as it captured a bigger share of the market, pushing its shares to a two-year high.
South African clothing retailers were hit hard by COVID-19 lockdowns in April and May last year and the subsequent second wave of COVID-19 infections. Millions of job losses as a result of the pandemic also constrained discretionary spending.
Australian mining magnate Andrew Forrest's Wyloo Metals said on Tuesday it would launch an unsolicited bid for the shares in nickel-copper miner Noront Resources it does not already own, an offer valuing the company at C$133 million (US$110 million).
By Reuters Staff
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FILE PHOTO: A woman walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File Photo
BENGALURU (Reuters) - Indian shares ended higher on Wednesday, riding on gains in information technology and financial stocks as sentiment was bolstered by a steady drop in COVID-19 cases.
The blue-chip NSE Nifty 50 index closed 0.61% higher at 15,301.45, while the benchmark S&P BSE Sensex rose 0.75% to 51,017.52.
Equities also got a boost after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, reassuring investors worried about the prospect of rising inflation.
On Tuesday, India reported its lowest daily rise in cases in more than a month.
By Reuters Staff
2 Min Read
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) FTSE 100 up 0.2%, FTSE 250 adds 0.5%
May 26 (Reuters) - London’s FTSE 250 index edged higher on Wednesday, boosted by Marks & Spencer and Softcat Plc following positive earnings updates, while Vectura Group topped the mid-cap index after agreeing a takeover by The Carlyle Group.
The domestically focused mid-cap index advanced 0.5%. Vectura Group surged 31.1% and was on track for its best day on record after the pharmaceutical company focused on inhaled medicines agreed a 958 million pound ($1.36 billion) takeover by global investment firm The Carlyle Group.
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SAO PAULO (Reuters) - Brazilian beef producer Marfrig Global Foods SA tried to acquire control of rival Minerva SA before it announced late on Friday it had bought a stake in poultry and pork processor BRF SA, a person with knowledge of the matter told Reuters on Monday.
FILE PHOTO: A worker cuts up joints of beef at the Marfrig Group slaughterhouse in Promissao, 500 km northwest of Sao Paulo October 7, 2011. REUTERS/Paulo Whitaker
The source, who requested anonymity to disclose private discussions, said the talks were interrupted last week, after Marfrig took the stake in BRF, due to concerns about potential problems with Brazilian antitrust agency CADE.