Investec profits could fall 3pc after scandal at Poundland owner Steinhoff
11 December, 2017, 14:05 | Author: Regina Silva
That was to participate in a share sale in conjunction with Steinhoff's acquisition of Mattress Firm and Poundland, according to a company statement.
The announcement comes after shares in Steinhoff plummeted last week with the firm's chief executive quitting as an investigation into accounting irregularities was opened, PA reports.
Steinhoff's shares fell by another 40 percent on Friday after Moody's cut its credit rating and raised concerns about the company's governance, deepening the South African retailer's problems and investor losses.
The giant household goods and clothing retailer experienced these losses in only two days against looming prosecutions that may stem from investigations by German investigators probing alleged accounting fraud. Steinhoff has said that was a tax case relating to whether revenues were booked correctly, and taxable profit correctly declared.
Wiese, a South African billionaire who's Steinhoff's biggest shareholder, is stepping up efforts to save the company, which owes creditors as much as $21 billion. A spokesperson for Wiese declined to comment.
Police take children Christmas shopping
Michael Thomas of the Carroll County Sheriff's Office said this a great way for the community to interact with law enforcement. Bryan McLimore said. "A lot of times when they see us, somebody in the family's going to jail or having issues at the house".
AbbVie Inc. (NYSE:ABBV) Shares Bought by Swiss National Bank
As per Tuesday, March 15, the company rating was initiated by Deutsche Bank. (NASDAQ:FFIV) rating on Tuesday, October 10. BidaskClub raised AbbVie from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, September 6th.
Shares in the company were 43 percent down at 5.61 rand and almost 40 percent lower in Germany.
Experts say such low tax rates can be the result of complex corporate structures which stretch accounting rules and such arrangements are occasionally challenged by courts as unlawful.
"Fedusa will meet the PIC over the Steinhoff meltdown in order to find ways of salvaging workers pensions managed by the PIC going forward", it said.
Last year, Wiese pledged 628 million of Steinhoff's shares in collateral to borrow money from Citigroup Inc, HSBC Holdings Plc and Nomura Holdings Inc.
In a note to clients today, analysts at Numis Securities placed their rating and target price for Investec "under review" and said they expect to downgrade their forecasts to reflect the Steinhoff exposures.
She said the USA continued to be "committed to achieving a lasting peace agreement", and accused the United Nations of bias. Netanyahu was an outspoken critic of efforts by former French president Hollande to push a Middle East peace process.
Similar to the last set up we had roll in earlier this weekend, snow showers will ramp up with light accumulations possible. An area of low pressure racing towards southern MI will bring snow showers from mid-morning into this evening.
It is the first time he has visited Syria, and comes as Bashar Assad's forces have now taken control of most of the country. On December 6, the Russian military said Syria is fully liberated from terrorists.
The inscription states: "To a sweeter more attractive girl I could not say Merry Christmas". "Get out and vote for Roy Moore! ". Moore has also denied writing the yearbook entry - and demanded Nelson's evidence be examined by a handwriting expert.
A few months ago, the DGP had suggested CCTV cameras at tourist spots to check such incidents but no headway has been made so far. Police rounded up about 50 touts and arrested a couple of them involved in the attack after public outrage over the incident.
Finally, SunTrust Banks reiterated a "hold" rating on shares of Schlumberger in a research note on Tuesday, October 31st. Carnegie Capital Asset Management LLC raised its holdings in shares of Schlumberger by 4.5% during the 2nd quarter.
Private Advisor Group LLC boosted its holdings in shares of iShares MSCI EAFE Small-Cap ETF by 12.8% in the third quarter. JPMorgan Chase & Co. lifted its position in shares of Ishares MSCI India ETF by 12.0% during the 3rd quarter.
The students had reportedly marched to the border in protest around 9 a.m., and were met with live fire from Israeli forces. Trump's announcement leaves Abbas hamstrung. "Here is the gesture I offer.to Mr Abbas to sit down and negotiate peace".
In a separate tweet later, Mr Abadi said: "Our heroic armed forces have now secured the entire length of the Iraq-Syria border". He is believed to be hiding in the stretch of desert in the border area.
Quasars are incredibly bright objects deep in the cosmos, powered by black holes devouring everything around them. Only one other quasar has been found in this ultra-distant category, despite extensive scanning.
Saudi Arabia lifts cinema ban after 35 years
According to a statement provided by Ministry of Culture and Information, the first of the cinemas will be opened by March 2018. The ultra-conservative country shut down its cinemas in the 1980s, after many clerics branded Western and other movies sinful.
France's Lactalis orders baby milk recall over salmonella fears
It is caused by intestinal bacteria from farm animals, is risky for the very young and the elderly due to the risk of dehydration. According to French health authorities, about 26 babies in the country have become sick since the beginning of the month.