Вторник, 12 Декабря, 2017

Shares in Poundland, Benson for Beds and Harveys owner crash

A Steinhoff International Holdings logo on display outside the company's offices in Stellenbosch A Steinhoff International Holdings logo on display outside the company's offices in Stellenbosch
Andrew Cummings | 07 Декабря, 2017, 02:20

Steinhoff said it will update the market as the investigation proceeds and added that it will publish its audited 2017 consolidated financial statements "when it is in a position to do so".

Steinhoff bought the Willenhall-based chain of discount stores for £610 million previous year.

It put Christo Wiese, its largest shareholder and chairman, in charge and later sought to give "additional comfort" to investors anxious about its ability to fund its existing operations, saying it had ‍identified measures that would give it around 2 billion euros ($2.4 billion) of additional liquidity.

Over near two decades Mr Jooste has overseen Steinhoff's expansion from a South African furniture manufacturer to one of the world's biggest household goods retailers.

Markus Jooste resigned on Tuesday with immediate effect. Wiese had a net worth of $4.3bn as of Tuesday, according to the Bloomberg Billionaires Index.

Jooste's sudden resignation marks the end of his 30 years with the business.

Читайте также: Airlines set for record profit in 2018, fare rise forecast (RY4B)

Steinhoff shares traded 64% lower at €1.08 as of 16:02 in Frankfurt.

Steinhoff nearly merged with Shoprite earlier this year which would have formed Africa's largest retailer but the plans were scrapped in February.

It is being reported Steinhoff did not tell investors about transactions amounting to almost $1 billion (R13,5-billion).

The retailer has indefinitely delayed the release of financial results, which had been scheduled for Wednesday, citing a criminal and tax investigation in Germany.

KAP Industrial Holdings, in which Steinhoff is a major shareholder, fell the most in six months even as the firm said in a statement it is independently managed.

The company is involved in ongoing civil litigation - including with a former joint-venture partner - and the outcome "should result in monetary remedy to be paid by the group", Steinhoff said in August. According to the news agency Reuters, investors are now concerned that Wiese may be forced to sell shares he bought a year ago with borrowed money, which would depress Steinhoff's stock further.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Recommended

  • IPL: CSK, RR allowed to retain players

    IPL: CSK, RR allowed to retain players

    Dhoni has been associated with the CSK since the introduction of the team in 2018 and led them to two IPL titles in 2010 and 2011. A maximum of either three retentions or three RTM at the discretion of the franchises has been allowed.
    Woods ties for ninth in Bahamas as Fowler wins with closing 61

    Woods ties for ninth in Bahamas as Fowler wins with closing 61

    Tommy Fleetwood and Jordan Spieth finished in a tie for third place on 12 under. He added three more birdies on the back nine for a sizzling, bogey-free round.
    New England Patriots take on the Buffalo Bills

    New England Patriots take on the Buffalo Bills

    Patriots CB Stephon Gilmore returned to Buffalo for the first time since leaving the team in free agency during the offseason. Lee, who played a large role with Kyle Van Noy limited due to a calf injury, also sacked Taylor and deflected a pass.
  • How to Use Apple Pay Cash and Avoid the 3% Transaction Fee

    How to Use Apple Pay Cash and Avoid the 3% Transaction Fee

    If there isn't enough money in your Apple Pay Cash account to cover a transaction your bank card kicks in to cover the rest. In iMessage,  Pay will show up as the first option once you tap the App Store icon next to the text field.
    International Olympic Committee  bans Russian Federation  from Winter Olympics

    International Olympic Committee bans Russian Federation from Winter Olympics

    According to The New York Times , Russian officials had threatened a boycott if they were barred from the Olympics . Russian President Vladimir Putin has previously said it would be humiliating to compete without national symbols.
    Amazon Marketplace Has Finally Launched In Australia

    Amazon Marketplace Has Finally Launched In Australia

    A Lenoxx 9-inch Twin Screen Portable DVD player, which retails for $149 on Kogan.com , is $172.38 plus $9.45 delivery on Amazon . Australian tech startup Koalasafe has been selling its product via the Amazon Marketplace since 2015 .
  • Kim Kardashian reignites feud with Taylor Swift

    Kim Kardashian reignites feud with Taylor Swift

    While Kim and Kourtney with her friends vacationing at the beach, the paparazzi worked diligently - followed each of the sisters. It was West's lyrics about Swift claiming he "made that b*tch famous " that originally led to a feud with the singer.
    Mueller's Russian Federation  probe has cost millions - DOJ

    Mueller's Russian Federation probe has cost millions - DOJ

    In June, the German bank rejected a demand by Democrats to provide details of the President's finances, citing privacy laws. The report covers from May 17, the date of Mueller's appointment, through September 30, the end of the federal fiscal year.
    Supermoon photos: See unbelievable  shots of 2017 lunar spectacle

    Supermoon photos: See unbelievable shots of 2017 lunar spectacle

    Stargazers, astronomers and curious sky-watchers get a chance to witness the first and only full moon supermoon of 2017. While the moon is always a attractive sight in the sky, occasionally skywatchers are treated to a special "supermoon".
  • Padres among finalists for Shohei Ohtani

    Padres among finalists for Shohei Ohtani

    Ohtani is limited to a minor league contract because of restrictions imposed by the MLB collective bargaining agreement. According to Jim Bowden of Sirius XM, the Giants are meeting with Japanese star Shohei Ohtani in Los Angeles on Monday.
    Conyers resigns from Congress amid harassment allegations

    Conyers resigns from Congress amid harassment allegations

    Another woman has come forward claiming with sexual misconduct allegations against Rep. Conyers has repeatedly denied claims of sexual harrassment and misconduct by staffers.
    Turtle Creek Mall host event for Autistic children

    Turtle Creek Mall host event for Autistic children

    Breanne Hartfield, a parent, says she found out about the event through Facebook and couldn't pass up the opportunity. Smiles could be seen across children's faces as they passed Santa's Wonderland in Grapevine Mills.

Flynn told a business associate Russian sanctions would be 'ripped up' Flynn told a business associate Russian sanctions would be 'ripped up' The congressman said he had heard about the alleged Flynn texts from an unnamed confidential informant. Cummings told Gowdy in his letter that he found the witness "authentic, credible and reliable".

Starbucks Reserve Roastery opens in Shanghai Starbucks Reserve Roastery opens in Shanghai The location is actually only the second Starbucks Reserve Roastery in the world: the first opened three years ago in Seattle. The Roastery is a window into Starbucks' future as the coffee chain attempts to bolster its premium image .

Notable Stock Analysts Ratings Regal Entertainment Group (RGC) Notable Stock Analysts Ratings Regal Entertainment Group (RGC) The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 40%. This buyback authorization allows the company to purchase up to 2.2% of its stock through open market purchases.

Maharashtra Govt. declares holiday in schools, colleges due to Cyclone Ockhi Maharashtra Govt. declares holiday in schools, colleges due to Cyclone Ockhi Fishermen bring in their boats at the coast of Mumbai , near the Bandra-Worli Sea Link. It has been raining in Mumbai's Andheri since morning, reported ANI.

Ireland to collect $15B in back taxes from Apple Ireland to collect $15B in back taxes from Apple Jersey is a self-governing dependency of the United Kingdom , and the island does not charge corporate tax for most companies. According to the EU, the tax deal allowed Apple to pay nearly nothing in tax on its European profits between 2003 and 2014.

Yemen ex-president killed as fighting shakes capital Yemen ex-president killed as fighting shakes capital Earlier on Monday, a Sanaa-based activist said that the Houthis had gained control of most of Sanaa from Saleh's forces. Saudi Arabia, accusing Iran of backing the rebels, intervened in Yemen on behalf of the government the following year.

Tyrod Taylor reportedly says he's OK after injury Tyrod Taylor reportedly says he's OK after injury Not exactly happy that Taylor got hurt, but thrilled that they could use this as an excuse to be done with the era of Tyrod. Get daily prep sports headlines from the Gwinnett Daily Post staff delivered to your email.

Twins become world's first bitcoin billionaires Twins become world's first bitcoin billionaires However, it seems Bitcoin's vast popularity is slowly gaining traction among private entities and financial regulators. The twins, who went to Harvard and Mark, had invested $ 11 million in Bitcoin four years ago.

Facebook launches new messaging app made for kids Facebook launches new messaging app made for kids No ads means that Facebook will collect "little data" since it won't be doing targeted advertising towards kids on Messenger Kids. More than 2 billion people use Facebook every month, not counting subsidiary apps such as Messenger, WhatsApp and Instagram.

JT Barrett and Ohio State make their case with win over Wisconsin JT Barrett and Ohio State make their case with win over Wisconsin Barrett to wide receiver Terry McLourin after McLourin burned Badgers safety Joe Ferguson in man-to-man coverage. That would shake up the bowl locations, but the sandwich game in the Rose Bowl seems more likely.

LaVar Ball reportedly pulls son LiAngelo Ball from UCLA LaVar Ball reportedly pulls son LiAngelo Ball from UCLA It's unclear what the future of LiAngelo Ball will be after leaving the UCLA Bruins , but a quote from LaVar Ball in a June interview with GQ might provide an indication.

Marchionne keeps the pressure on F1 - reiterates quit threat Marchionne keeps the pressure on F1 - reiterates quit threat Sauber has unveiled its concept livery for the 2018 Formula 1 season, in the wake of its collaboration with FCA brand Alfa Romeo .

Giants, Stanton reps meet in LA Giants, Stanton reps meet in LA Meantime, the rival Giants are hoping Stanton determines San Francisco would suit him as a runner-up choice. The agreement of the deals was part of the precondition for Stanton to meet with officials from both clubs.

Darron Lee a healthy New York Jets scratch vs. Chiefs Darron Lee a healthy New York Jets scratch vs. Chiefs But their free-fall continued, and the New York Jets are on the rebound. "That's why he left the field", coach Andy Reid said. Peters was penalized for throwing a penalty flag into the stands after the Jets' two-point try with 2:15 left in the game.

De Gea 'best in world' as United beat Arsenal 3-1 De Gea 'best in world' as United beat Arsenal 3-1 City are five points ahead of United, but can extend that lead to eight if they beat lowly West Ham on Sunday. "We are second in the table".