Market punishes Tongaat shares for more bad news

Shares of sugar giant Tongaat Hulett booked their biggest one-day drop in six months on Wednesday, crashing by almost a fifth as investors digested a weak operational performance and news that it may ask shareholders for an additional R1bn in cash to shore up its balance sheet.

Tongaat said in a trading update shortly before markets closed on Tuesday that production had fallen by 9% to 463,000 tonnes in its year to end-March, while the floods in its home province of KwaZulu-Natal forced it to close sugar mills for the past 10 days...

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

15 Players That Have Lost Market Value This SeasonAs the season begins drawing to its conclusion, we look at some high-profile footballers who have lost significant market value since the beginning of the campaign. SLInt MORE:
Herkunft: Soccer_Laduma - 🏆 22. / 63 Weiterlesen »

Blast kills three, injures 19 at Nigeria marketThree people were killed and 19 injured after an explosion at a crowded market in Nigeria's Taraba state in the east of the country, local police said on Wednesday.
Herkunft: SowetanLIVE - 🏆 13. / 63 Weiterlesen »

Netflix market value plummets by R633 billionNetflix Inc. shares are on course to lose about $42 billion (R633.2 billion) in value Wednesday after the streaming giant reported its first subscriber decline in more than a decade as the company pledges to make a slew of changes to its business to arrest a customer exodus.
Herkunft: mybroadband - 🏆 11. / 67 Weiterlesen »

European stock market gains capped by Ukraine warEuropean stocks rose Wednesday but gains were capped as Russia continued its new offensive in eastern Ukraine, dealers said....
Herkunft: eNCA - 🏆 49. / 51 Weiterlesen »

Samsung regains smartphone crown in tough marketSmartphone shipments fell 11% in the first quarter, the worst drop since the coronavirus outbreak, according to Canalys.
Herkunft: TechCentral - 🏆 8. / 71 Weiterlesen »

WATCH: Market ReportBusiness Day TV speaks to Thamsanqa Netha from Shiloh Capital I have always hated Bitcoin and thought it was a scam until a friend referred me to _ambreymarcus1, I made my first withdrawal of R100,000 in 2 weeks thanks to _ambreymarcus1.
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »