H&M investor dumps shares as sales keep on sliding

The troubled fashion retailer takes another blow as one of its biggest shareholders loses faith in its ability to keep up with the times

11 hours ago
Another near-perfect giant diamond discovered at Letseng in Lesotho

Gem Diamonds unearthed a 149-carat, D-colour type IIa diamond, after finding a 910-carat stone, about the size of two golf balls, earlier this month

Festive promotions help Clicks outperform rivals

The retailer delivers 11.3% growth in turnover as 3-for-2 campaign proves popular with shoppers

Steinhoff eyes R7.2bn with sale of PSG shares

The retail group at the centre of an accounting scandal says it will not sell the shares if it cannot achieve a reasonable price for them

Lonmin’s delayed results show heady plunge deeper into the red

The platinum miner has also breached temporarily suspended debt covenant conditions, in results that underscore why it is a target for Sibanye-Stillwater

Deutsche Telekom confident of hiking dividends in 2018

Germany’s largest telecoms provider benefits from local and US business growth, as well as Trump’s tax fillip

Carillion collapse spurs May to pledge new corporate rules

British Prime Minister Theresa May pledges new rules, including fines, for reckless executives

Ryanair complains to EU over Warsaw airport

The Irish low-cost airline is a market leader in Poland with a share of about 30%

Firestone targets quality diamonds

Liqhobong is close to Gem’s Letseng diamond mine, which is famed for producing large diamonds

Telkom focuses on urban areas in network push

The parastatal’s consumer business head says they will not ‘waste national resources’ on rural areas

PPC’s debt rescheduling at DRC plant ‘a solid move’

It  gives the cement producer some breathing space and improves the DRC business’s liquidity position, says analyst

Clothing sector to unzip retail sales growth

While figures suggest signs of recovery, the spoils have not trickled down to all clothing retailers

Emirates’ $16bn order will keep Airbus jumbo airborne ‘for at least a decade’

CEO Tom Enders says the massive double-decker aircraft order saved the A380 from extinction

Cannabis firm Aurora chases a double deal

The Canadian producer is reportedly in talks to buy two rival businesses after initial resistance to all-stock bid for single company

Rio Tinto counters SEC fraud claims

Former executives did not try to commit fraud, resources firm says

Resilient pre-empts rumours

Company to release results early amid speculation on short sellers

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Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.