May 26, 2015/Bloomberg Nampak Ltd., Africa’s biggest manufacturer of beverage cans, said first-half profit fell 13 percent as declining margins at its South African unit offset gains elsewhere in the continent. The shares dropped. Net income for the six months through March declined to 644.7 million rand ($54 million) from […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The top two (2) world Cement producers,  Holcim and Lafarge  said on Tuesday they have finalized agreement with Irish cement  producer CRH Plc to buy some of their assets for 6.5 billion euro ($7.07 billion) as part of the merger deal. The divestment deal […]

Tue May 26, 2015/Reuters Wall Street opened lower on Tuesday after the dollar jumped to a one-month high on data showing that U.S. business investment spending plans increased solidly for a second straight month in April. Federal Reserve Chair Janet Yellen said on Friday that the central bank could raise […]