Tesla stock below $200 for first time in nearly two-and-a-half years

The electric carmaker faces a ‘Kilimanjaro-like uphill climb’ to hit profitability goals in the second half of 2019

Barloworld hikes dividend as equipment sales boost profits

Operating profits fell due to once-off charges, including costs related to the implementation of its Khula Sizwe BEE deal

Raubex holds on to cash as construction downturn persists

CEO Rudolf Fourie says tough times ahead will need a strong balance sheet, writes Siseko Njobeni

BL PREMIUM
Hulamin warning spooks shareholders

Shares lose more than 10% in the week on forecast of turbulent trading conditions and weaker prices

Group Five hopes to get more than R700m from sale of assets

The troubled firm says it has entered into binding agreements for the sale of various assets

Missile maker CEO returns to Airbus as head of strategy

According to sources, Antoine Bouvier is returning to modernise the company’s factory system and explore options in the defence sector

Bell sees trading conditions improving with elections over

Headwinds and the group’s investment programme have resulted in high gearing, increased inventory levels and reduced asset turnover, investors told

Documents show Tesla factory exporting most of its solar cells

Panasonic’s letter to US Customs officials reveals partner Tesla has cut the purchase of its solar cells

Nissan flags drop in profit, with its weakest earnings in 11 years

Nissan forecasts a 28% drop in profit this year due to the Carlos Ghosn scandal continuing to weigh on results, and sluggish US sales

Raubex pins hope on Sanral tenders

Infrastructure development group says national roads agency intends to bring to market seven projects soon

BL PREMIUM
Raubex laments road building sector’s bumpiest conditions in decades

Construction group flags lack of work and violent community unrest affecting a number of sites as causing an unfavourable operating environment

Bayer hires external law firm to probe Monsanto stakeholder file issue

US seed maker is alleged to have compiled a file of 200 names in the hope of influencing their positions on pesticides

Nissan profit falls off a cliff as new boss faces pressure

Doubts linger over whether CEO Hiroto Saikawa, who has yet to announce a turnaround plan since the arrest of former chair Ghosn, is the right executive to fix ...

Thyssenkrupp abandons Tata merger plans, cuts 6,000 jobs

Parties assume European Commission will not approve joint venture

Ailing graphic paper markets hurt Sappi

The largest maker of dissolving wood pulp wants to reduce exposure to the declining graphic paper market

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