Pepkor Shareholder Raises $1.5 Billion Selling Its Entire Stake
The company sold 1.045 billion shares of Pepkor at a discount of about 6% to the last closing price, according to terms seen by Bloomberg. Goldman Sachs Group Inc., JPMorgan Chase & Co. and Investec Plc managed the share sale.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
Brewer Heineken's first-half profits beat forecasts
LONDON (Reuters) -Dutch brewer Heineken on Monday reported a 7.4% rise in half-year organic operating profit, ahead of analyst expectations, even as its sales in Europe dragged and tariff risks increased. The world's No.2 brewer has been locked in difficult, prolonged price negotiations in Europe, which hurt sales, offsetting a boost from a late Easter and good weather. The company said its second-quarter revenues and volumes rose 2.1% and fell 1.2% respectively on an organic basis, versus analyst forecasts of a 1.2% rise and 0.3% decline. Analysts had expected a 7% increase in organic operating profit over the first-half. Heineken credited growth in regions like Africa and Asia, which have previously dragged on results, and savings that offset cost inflation and negative currency movements for the profit beat. "Our advantaged geographical footprint helped us to adapt to ongoing macro-economic challenges which impacted consumer sentiment and expenditures," CEO Dolf van den Brink said in a statement. The company left its full-year guidance unchanged at 4% to 8% annual profit growth, adding that the impact of U.S. tariffs had grown. U.S. President Donald Trump and the European Union on Sunday struck a deal that would see the U.S. impose a 15% tariff rate on most EU goods. Sign in to access your portfolio
Yahoo
4 minutes ago
- Yahoo
Johnson & Johnson (JNJ) Adjusts Revenue and EPS Outlook; Stifel Hikes Price Target
Johnson & Johnson (NYSE:JNJ) ranks among the . On July 16, Stifel maintained its Hold rating on Johnson & Johnson (NYSE:JNJ), but increased its price target for the healthcare giant from $155 to $165. The price target increase comes after JNJ revised its outlook, which now predicts adjusted operational revenue growth of roughly 3.5% instead of the 2.5% midpoint estimate that was previously projected. Pixabay/Public Domain Johnson & Johnson (NYSE:JNJ) also raised its outlook for full-year earnings per share from $10.50 to $10.70 to a range of $10.80 to $10.90. The company cited stronger top-line performance, currency effects, and a lower anticipated impact from tariffs for this improvement. From its initial estimate of $400 million, the healthcare company now projects a $200 million tariff impact in 2025. Johnson & Johnson (NYSE:JNJ) is a notable name in the healthcare industry, which includes sub-sectors like pharmaceuticals, medical equipment, and consumer health products. The company is known for creating medications to treat a variety of conditions and diseases, including cancer, diabetes, and HIV/AIDS. While we acknowledge the potential of JNJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Wall Street Journal
6 minutes ago
- Wall Street Journal
Heineken Expects Flat Sales Volumes After Hit From Europe Retailer Talks
Heineken said it now expects sales volumes for the year to be broadly stable after it sold less beer in the second quarter due to a decline in Europe amid extended negotiations with retailers. The world's second-largest brewer said Monday that the volume of beer it sold for the June quarter was down 0.4% on an organic basis. Analysts had expected a 0.3% organic decline in beer volumes, according to consensus estimates provided by the company.
