Diageo (DGE.L), the world’s biggest distilled spirits company, reported a 1.8 percent rise in sales for the half-year to December hurt by weakness in China, Thailand and Nigeria. The maker of Johnnie Walker whisky, Smirnoff vodka and Guinness beer said earnings before items were 62.6 pence per share. Sales in […]
Capital Market
Old Mutual eyes Africa profit boost as ramps up investments
Anglo-South African financial services group Old Mutual Plc plans to raise the share of profits generated by its African business to 15 percent by the end of next year from 10 percent at present, the firm said on Wednesday. The group has already spent a quarter of its $500 million […]
Nigerian stocks fall 1.38 pct to 1-month low
Nigerian stocks fell 1.38 percent on Wednesday to a one-month low, driven mainly by falls in the banking and energy sectors, brokers said. Africa’s second biggest index shed 1.38 percent to 40,622 points at 1200 GMT, a level last seen on December 31. It was the third consecutive day of […]
