News
Nigeria crisis hurts PZ Cussons
PZ Cussons warned it was likely to report disappointing full year profits, pointing to political upheaval in Nigeria, challenging trading conditions in Australia and high raw materials costs. Shares in the maker of Imperial Leather soap fell as much as 8.4 percent on Tuesday after it reported an 11.7 per cent drop in first half pretax profit and said full-year results would be towards the bottom end of current market expectations. It had already issued a profit warning in December as pressure on consumers compounded the pain of high raw materials costs and adverse moves in exchange rates.
-
Oil and Gas2 days agoOil prices fall as diplomacy hopes outweigh escalation fears in Middle East war
-
Economy2 days agoSouth African economy 5% bigger after rebasing, moving further ahead of Nigeria
-
News2 days agoFG approves King Amachree Airport in Rivers, sets 11 conditions
-
Agriculture2 days agoFG targets EU investment in one-million-hectare cocoa expansion plan
-
Economy2 days agoProtecting workers’ retirement savings against inflation is your job, PenCom tells PFAs
-
News2 days agoSub-Saharan Africa’s growing cities offer path to millions of new jobs
-
News2 days agoECB President Lagarde resigns at a time of mounting challenges for Europe
-
News18 hours agoReps C’ttee threatens removal of illegal structures on power transmission routes