Bidcorp flags record earnings as global momentum builds

Bidcorp surged on Wednesday after the international food-service group said interim earnings would rise by almost a half, bolstered by surging trading momentum in the countries in which it operates.

The group’s share price rose 9% to R390.85 in morning trade on Wednesday — the biggest gain since November 2020 — after announcing that headline earnings per share for the six months to end-December are expected to be between 960c and 980c a share, a rise of 43%-49% from the same period a year earlier. ..

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Pepkor reports sales slump at Ackermans, hit from load shedding triples | BusinessSA's largest retailer by store footprint Pepkor has reported a fall in like-for-like sales during the 3 months to end-December, amid a poor performance from overly pricey stock at Ackermans, while the hit from load shedding on the group more than tripled.
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