Lead Story
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PINK Floyd and Queen, bands that have been with EMI Music for about four decades, may head for the door as concern mounts about the UK record label’s finances, say two sources familiar with their talks.
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Markets
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ALSI
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Industrial
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Industrial 25
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Financial
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Gold
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Dow Jones
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Nasdaq
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Nikkei
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FTSE 100
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CAC 40
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DAXX
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Companies
 Communist state is world’s biggest market for privately owned vehicles
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 EU, US regulators will accept alliance’s offer to give up New York, London slots if rivals agree
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 Not large enough on its own to force trend change in reinsurance prices, in spite of 7bn in damage
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CATHAY Pacific Airways, Hong Kong’s biggest carrier, yesterday posted a second-half profit after paring capacity and selling a stake in a maintenance venture.
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WITH sustainability reporting assuming more prominence in the boardroom, the demand for sustainability assurance has increased, says an expert on corporate governance.
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VOLKSWAGEN SA yesterday unveiled its new entry-level car, the Polo Vivo, that will replace the iconic Citi Golf, the last of which was manufactured in November.
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ELBIT Systems reported higher quarterly net profit excluding one-off items that missed analysts’ expectations as the Israeli defence contractor spent more on marketing to win new customers.
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PINNACLE Point Group , the property development group, has warned shareholders it is going to report a headline loss for the year to February 28.
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CRS-3 can support speeds 12 times faster than opponents’ products
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Staff and management, backed by UK’s BlueBay, take control of firm
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THE six months to December presented “the worst market conditions since its inception”, Distribution and Warehousing Network (Dawn) said yesterday, as it was hit by tightening government infrastructure spending and a quiet construction sector.
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IN AN unusual move, struggling technology firm Faritec has offered its creditors shares in the company in exchange for writing off debt.
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INVESTMENT bank Investec is set to replace insurance-focused takeover vehicle Resolution in the FTSE 100 index after the latest quarterly index review yesterday.
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PICK n Pay executive chairman Raymond Ackerman has officially retired from the business he started 43 years ago and handed the reins to his elder son, Gareth.
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RMB Holdings (RMBH), which has strategic shareholdings in FirstRand, Discovery and OUTsurance, increased the intrinsic value of its underlying investments by 15% to R31,94 per share, and an unchanged interim dividend of 54c a share was declared.
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THE strengthening of the rand negatively affected wine and brandy producer KWV’s performance in the six months to December, and the group is likely to face the same challenge in the second half of the financial year.
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Barclays shares dipped yesterday after reports that the British lender was looking to buy a retail bank in the US to build on its investment bank acquisitions there.
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Set to become the first CEO of a Royal Bafokeng venture with Rasimone and Styldrift mines as main assets
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JOHNSON & Johnson (J&J) made plans to reach 302m in geriatric sales for its antipsychotic drug Risperdal just months after federal regulators said the company falsely claimed the drug was safe and effective for the elderly, according to internal documents.
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LONDON-based explorer Tullow Oil has upgraded its estimate of reserves at its Tweneboa field in Ghana by 60% and said yesterday the field could prove to be much bigger yet.
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Parastatal points to Eskom in bid to fund infrastructure via tariffs, writes Siseko Njobeni
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NATIONALISED mortgage lender Northern Rock’s headline losses shrank last year, helped by rising net interest income and lower loan losses in the second half, though it said loan write- downs would stay high this year.
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DAIMLER Buses Germany, a division of Daimler , has given the South African unit the green light to export buses and coaches to southern African markets, following a capital injection into the local plant that has led to the expansion of the bus line.
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CEO says dividend is a sign that the worst is over, but warns it is ‘not a time to make a big jump yet’
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BLACK economic empowerment will continue to be a major driver of mergers and acquisitions activity this year.
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MOST South African companies do not feel that efforts by the government are effective in encouraging them to significantly change their environmental behaviour, according to a report issued recently by PricewaterhouseCoopers (PwC).
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