Deals of the day-Mergers and acquisitions
March 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1115 GMT on Tuesday** Chinese smartphone maker Xiaomi Corp 1810.HK has formally entered the...
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Mr Price News & Analysis
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S.Africa's Mr Price receives approvals for acquisition of Power Fashion
JOHANNESBURG, March 30 (Reuters) - South African budget retailer Mr Price Group MRPJ.J said on Tuesday it had received all approvals to acquire retailer Power Fashion in a deal likely to...
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BRIEF-Mr Price Group Says Power Fashion Acquisition Effective On April 1
March 30 (Reuters) - Mr Price Group Ltd MRPJ.J :* JSE: MRP - UPDATE ON THE ACQUISITION OF POWER FASHION* MR PRICE GROUP - ALL SUSPENSIVE CONDITIONS, INCLUDING APPROVAL BY SOUTH AFRICAN AND...
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Mr Price hits 52-week high as R1.6bn Power Fashion acquisition approved
Deal gets green light on condition both retailers boost local procurement through the Department of Trade Industry and Competition’s clothing sector masterplan.
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News24.com | Mr Price gets green light to acquire decades-old family retail business
Conditions have been imposed on the deal, however, to promote local procurement.
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Reasonable numbers from the education sector
Nesan Nair of Sasfin Securities shares his thoughts on Stadio's FY results and ADvTECH's trading update, as well as Mr Price's Yuppiechef deal, City Lodge and Sun International.
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Deals of the day-Mergers and acquisitions
(Adds COFCO Corp, Procaps S.A.S., Azimut Holding , Cassa Centrale Banca, Robinhood, Roche; updates Rogers Communications, ODP Corp)March 15 (Reuters) - The following bids, mergers,...
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UPDATE 1-Mr Price to buy South African kitchenware retailer Yuppiechef
(Adds details on Yuppiechef, CEO comment) March 15 (Reuters) - South African budget retailer Mr Price Group MRPJ.J said on Monday it would buy privately-owned kitchenware company...
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Mr Price to buy South African kitchenware retailer Yuppiechef
March 15 (Reuters) - Mr Price Group MRPJ.J said on Monday it has agreed to purchase privately-owned South African omni-channel kitchenware retailer Yuppiechef.The two companies did not...
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BRIEF-Mr Price Group Says To Buy Yuppiechef Business
March 15 (Reuters) - Mr Price Group Ltd MRPJ.J :* JSE: MRP - VOLUNTARY ANNOUNCEMENT RELATING TO THE ACQUISITION OF YUPPIECHEF* MR PRICE GROUP - ENTERED INTO AN AGREEMENT TO PURCHASE 100%...
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BRIEF-Mr Price Group Appoints Jane Canny As Independent Non-Exec Director
March 5 (Reuters) - Mr Price Group Ltd MRPJ.J :* JSE: MRP - APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR TO THE BOARD* APPOINTS JANE CANNY AS INDEPENDENT NON-EXEC DIRECTOR...
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BRIEF-SA's Competition Commission Recommends Tribunal Conditionally Approve Proposed Mr Price/Otto Brothers Deal
March 4 (Reuters) - Mr Price Group Ltd MRPJ.J :* SA'S COMPETITION COMMISSION - RECOMMENDED COMPETITION TRIBUNAL CONDITIONALLY APPROVE PROPOSED DEAL WHEREBY MR PRICE INTENDS TO ACQUIRE OTTO...
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News24.com | Truworths to launch value retailer to take on the likes of Mr Price, Pep and Jet
Truworths' new retailer will compete in the playing field as long time value retailers such as Mr Price, Pep stores and Jet
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UPDATE 1-Mr Price sales rise on work-from-home boost, COVID-19 aid
(Add details) JOHANNESBURG, Jan 22 (Reuters) - South Africa's Mr Price MRPJ.J on Friday posted a 5.8% rise in third-quarter retail sales, supported by COVID-19 relief packages and demand...
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South African retailer Mr Price reports 5.8% rise in Q3 sales
JOHANNESBURG, Jan 22 (Reuters) - South African retailer Mr Price MRPJ.J reported a 5.8% rise in third quarter retail sales, supported by COVID-19 relief packages and demand for household...
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South African Markets - Factors to watch on Jan. 22
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday. Companies Retailer Mr...
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BRIEF-Mr Price Posts Qtrly Total Retail Sales Of R7.5Bn
Jan 22 (Reuters) - Mr Price Group Ltd MRPJ.J :* JSE: MRP - TRADING UPDATE FOR THE 13 WEEKS ENDED 26 DECEMBER 2020* MR PRICE GROUP - QTRLY GROUP RECORDED GROWTH IN RETAIL SALES AND OTHER...
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Mr Price Earnings, Revenue miss In Q2
Investing.com - Mr Price reported second quarter {{erl-50116||earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts. The firm reported earnings per...
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UPDATE 1-South African rand weakens as economic concerns weigh, stocks stable
(Updates rand, bonds; adds stocks)JOHANNESBURG, Nov 26 (Reuters) - The South African rand weakened on Thursday as focus shifted to bleak economic prospects for Africa's most industrialised...
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UPDATE 1-S.Africa's Mr Price to buy local retailer despite HY profit slump
(Recasts with details on deal, earnings, comments and background) JOHANNESBURG, Nov 26 (Reuters) - South African retailer Mr Price MRPJ.J reported on Thursday a 25% decline in half-year...
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S.Africa's Mr Price reports 24.8% fall in half-year profit
JOHANNESBURG, Nov 26 (Reuters) - {{erl-50116||Mr Price MRPJ.J reported a 24.8% decline in half-year headline earnings on Thursday, due to the impact of coronavirus lockdown restrictions,...
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South African Markets - Factors to watch on Nov. 26
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday. Economic...
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South African retailer Pick n Pay launches mobile phone service
JOHANNESBURG, Nov 18 (Reuters) - South African grocery retailer Pick n Pay PIKJ.J will start providing mobile phone services to try to grow its value-added and financial services business,...
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BRIEF-Mr Price Group Sees HEPS For 26 Weeks Ended 26 Sept To Be Between 23% And 28% Lower
Nov 4 (Reuters) - Mr Price Group Ltd MRPJ.J :* HEADLINE EARNINGS PER SHARE FOR 26 WEEKS ENDED 26 SEPTEMBER 2020 IS LIKELY TO BE BETWEEN 23% AND 28% LOWER* DURING MONTH OF APRIL 2020, GROUP...
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UPDATE 2-South Africa's Pick n Pay ventures into difficult Nigerian market
* Nigeria entry in partnership with A.G. Leventis * First-half earnings down 56.3% * Earnings hit by coronavirus crisis and one-off costs * Shares up 3.2% (Recasts on expansion in...
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UPDATE 1-S. Africa's rand hits six-month high, stocks down after weak retail data
(Adds latest figures, analyst comments)JOHANNESBURG, Sept 16 (Reuters) - South Africa's rand rallied to a six-month high on Wednesday, shaking off poor retail sales data as expectations of...
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BRIEF-Mr Price Group Says Total Interest In Shares Of Co Held By PIC Amounts To 15.027% Of Co's Shares
Sept 11 (Reuters) - Mr Price Group Ltd MRPJ.J :* TOTAL INTEREST IN ORDINARY SHARES OF MR PRICE GROUP HELD BY PIC NOW AMOUNTS TO 15.027% OF ORDINARY ISSUED SHARES OF COMPANY...
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UPDATE 1-South African rand dips as dollar lifted by Fed minutes
(Updates prices, adds stocks)JOHANNESBURG, Aug 20 (Reuters) - The South African rand weakened on Thursday as the U.S. dollar rebounded after less dovish than expected minutes from last...
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S.Africa's Mr Price expects half-year profit to fall by at least 20%
JOHANNESBURG, Aug 20 (Reuters) - South African retailer Mr Price MRPJ.J said on Thursday its half-year profit would fall by at least 20% due to the impact of the coronavirus, though its...
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BRIEF-Mr Price Group Says HY Financial Results Are Likely To Be At Least 20% Lower
Aug 20 (Reuters) - Mr Price Group Ltd MRPJ.J :* TRADING UPDATE FOR THE 20 WEEKS ENDED 15 AUGUST 2020 AND TRADING STATEMENT FOR THE 6 MONTHS ENDING 26 SEPTEMBER 2020* SALES GROWTH SLOWED...
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BRIEF-Mr Price Group Says Fairtree Holds 5.0272% Stake In Co
Aug 11 (Reuters) - Mr Price Group Ltd MRPJ.J :* TOTAL INTEREST IN ORDINARY SHARES OF MR PRICE GROUP HELD BY FAIRTREE NOW AMOUNTS TO 5.0272% OF ORDINARY ISSUED SHARES OF COMPANY...
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Mr Price Earnings miss, Revenue beats In Q4
Investing.com - Mr Price reported fourth quarter {{erl-50116||earnings that missed analysts' expectations on Thursday and revenue that topped forecasts. The firm reported earnings per...
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UPDATE 2-South African retailer Mr Price pulls plug on Nigeria
* FY HEPS down 10.4%* Has closed 4 of 5 stores in Nigeria* See 300 million rand in cost savings (Recasts with Nigeria exit)By Nqobile DludlaJOHANNESBURG, June 25 (Reuters) - Mr Price Group...
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South Africa's Mr Price full-year earnings fall, scraps dividend
JOHANNESBURG, June 25 (Reuters) - South African budget retailer Mr Price MRPJ.J reported a 10.4% fall in annual earnings on Thursday due to impairments and did not declare a final dividend...
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BRIEF-Mr Price Group Says FY HEPS Declined 10.4%
June 25 (Reuters) - Mr Price Group Ltd MRPJ.J :* JSE: MRP - MR PRICE GROUP LIMITED REVIEWED FINAL RESULTS FOR THE 52 WEEKS ENDED 28 MARCH 2020 AND TRADING UPDATE* MR PRICE GROUP LTD -...
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BRIEF-Mr Price Group Says No Intention To Acquire Edcon
May 28 (Reuters) - Mr Price Group Ltd MRPJ.J :* MR PRICE GROUP LTD - GROUP HAS NO INTENTION TO ACQUIRE EDCON, IN PART OR IN WHOLE* MR PRICE GROUP LTD - GROUP HAS NO INTENTION TO ACQUIRE...
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South African retailer Mr Price has no plans to buy Jet
JOHANNESBURG, May 28 (Reuters) - Budget retailer Mr Price MRPJ.J is not looking to buy department chain operator Edcon "in part or in whole", the company said on Thursday, responding to...
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South Africa's Growthpoint provides rent relief to nearly 1,500 small firms
By Nqobile DludlaJOHANNESBURG, May 18 (Reuters) - South Africa's Growthpoint Properties GRTJ.J said on Monday it had provided rent relief to 1,494 small, medium and micro enterprises (SMMEs)...
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South Africa lists clothing allowed for sale as lockdown eases
By Nqobile Dludla JOHANNESBURG, May 13 (Reuters) - South Africa's government has published a more detailed list of clothing that can be sold in a first phase of easing its lockdown, giving...
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BRIEF-Mr Price Group Delays FY Results Due To COVID-19
May 4 (Reuters) - Mr Price Group Ltd MRPJ.J :* MR PRICE GROUP LTD - DUE TO LOCKDOWN IMPACT DUE TO COVID-19, WORK STREAMS RELATED TO FINALISATION OF GROUP'S FY FINANCIAL RESULTS BEEN...
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BRIEF-Mr Price Group Says Public Investment Corporation Holds 15.080% Of Co
April 7 (Reuters) - Mr Price Group Ltd MRPJ.J :* DISCLOSURE OF SIGNIFICANT HOLDING OF MR PRICE GROUP ORDINARY SHARES* PUBLIC INVESTMENT CORPORATION SOC LTD NOW HOLDS 15.080% OF ISSUED...
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