Upbeat Omnia shifts focus to growth, but it’s cautious about SA

The group has benefited from rising demand for fertilisers and explosives, but is saving its cash pile

NPA aims to wrap up Tongaat probe in early 2022

CEO Gavin Hudson says civil cases against former executives are still in the hands of lawyers

Mixed bag of fortunes for KAP

Automotive business hit by shortages of semiconductor chips but polymers division gains from global supply chain dislocation

GM to team up with semiconductor producers

GM president expects chip requirements to more than double over the next several years

Peloton sued over claims sales would continue rising

Florida pension fund aims to recover loses from maker of stationary bikes and treadmills

Thyssenkrupp back from the brink but faces ‘enormous challenges’, says CEO

German conglomerate expects cash flow to break even in 2021 as ambitious restructuring pays off

Grindrod Shipping declares first quarterly dividend on commodities boom

Adjusted ebitda leaps more than eightfold in the three months to end-September, prompting a payout of $0.72 a share

Motus sees profit jumping 20% as vehicle sales and rentals recover

The group says it’s gained market share amid erratic global vehicle supplies, and is benefiting from an extensive range of models

Australian beer brewers hop onto a novel (and slimy) way to fight carbon

The founders of Young Henrys brewery in Sydney have teamed up with scientists to use algae to gobble up carbon dioxide

Rivian surpasses VW’s valuation as EV mania rages

The stock has  gained 121% from its  debut five days ago

Tongaat Hulett eyes R4bn rights issue to pay debt as shares crash

Stocks plummet almost 50% as  pandemic hampers sugar producer’s efforts to cut R7.2bn in liabilities

RFG’s revenue recovers but power billing issues take toll

After falling 3.4% in the first half of the financial year, income rebounds 6.3% in the second half

Astral Foods warns of higher prices amid surging feed costs and erratic service delivery

Demand revives in higher-margin categories, but the industry is facing a slew of headwinds, notably surging feed costs

ArcelorMittal raises buybacks by another $1bn as profit soars

The world’s largest steelmaker posts a sixfold rise in Q3 profit, but expects demand from China to slow

Sappi returns to profit, but Durban port woes take their toll

The group's North American operations has delivered its best profit in more than two decades, amid buoyant demand and better prices for key products

Electric vehicle start-up Rivian surges on Wall Street debut

Amazon-backed company’s market cap hits $100bn on investors’ hope it will be the next Tesla

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