Finance News

• BHP and Lundin Mining are acquiring Filo Corp. in a $4.1 billion deal, with BHP paying $2.1 billion in cash.
• They will form a 50/50 joint venture to develop the Filo del Sol and Josemaria projects.
• The transaction includes a premium of 32.2% over Filo Corp.’s 30-day average share price.

• Financial Projections: Efora Energy expects a headline loss per share between 1.67 cents and 1.77 cents.
• Compliance: Efora issued the trading statement under JSE rules, highlighting a significant financial decline.
• Publication Date: The audited results for the year ended February 29, 2024, will be published on July 29, 2024.

• Revenue Growth: Cashbuild reported a 4% revenue increase in Q4 FY 2024 compared to the previous year.
• Quarterly Sales Surge: The group saw a 13% increase in revenue during the 14-week fourth quarter.
• Store Expansion: Cashbuild opened 3 new stores and refurbished 16 locations in the fourth quarter.

• Sales Performance: Richemont’s sales grew 1% at constant exchange rates but fell 1% at actual exchange rates.
• Regional Sales: Europe, the Americas, and Japan showed growth, while Asia Pacific experienced a significant decline.
• Channel Performance: Retail and online sales increased slightly, but wholesale and royalty income dropped by 6%.

Sappi Limited has announced the sale of its Lanaken mill in Belgium. This decision follows its November 2023 plan to

• Acsion Limited reports a 21% increase in revenue to R1.43 billion for FY2024.
• Earnings per share rose by 17% to 270 cents, while headline earnings per share decreased by 18%.
• The company declared a final dividend of 16 cents per share, payable to shareholders.

Altron Limited announced a new Broad-Based Black Economic Empowerment (B-BBEE) initiative. This initiative aims to create a sustainable ICT skills-focused

Ninety One plc and Ninety One Limited have announced their Q1 2025 assets under management (AUM) update. The firm reported