Why BAT needs Reynolds American – Moneyweb
British American Tobacco (BAT) has made an offer to acquire US tobacco giant Reynolds American in a US$47 billion deal that will create the world’s biggest listed tobacco company by turnover and operating profit. The deal will give BAT greater access to the US market and a significant presence in high growth emerging markets. Dirk […]
Altron asset sale plan pays off – Business Day
Allied Electronics’ turnaround strategy is yielding positive results, as seen in results for the six months to August, when the group managed to reverse a headline loss per share into earnings of 31c. This comes after it has disposed of non-performing assets and will continue to sell more businesses, including companies within its Powertech division, […]
Famous Brands buys stake in catering firm – Business Day
Famous Brands has sealed a deal with a Johannesburg-based catering company, By Word of Mouth, in its first foray into this competitive sector. By Word of Mouth offers a portfolio of services ranging from development of designer food and beverage menus to event management. Dirk van Vlaanderen comments. view article
