London close: Stocks manage gains as BoE holds rates
9th May 2024 15:21
(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.
Read moreFX movements wipe $1bn off Airtel's top line
9th May 2024 07:19
(Sharecast News) - Africa-focused telecoms group Airtel was hit hard by a drop in the Nigerian naira in the year to 31 March, with a $549m negative FX headwind pushing it into the red on a pre-tax basis and taking more than $1bn off the top line.
Read moreDirector dealings: Airtel Africa non-exec keeps buying shares
3rd Apr 2024 16:46
(Sharecast News) - Indian Continent Investment, a firm linked to Airtel Africa non-executive director Shravin Bharti Mittal, added to its stake in the telecommunications group ahead of the Easter break.
Read moreLondon close: Stocks turn lower as BoE keeps rates on hold
1st Feb 2024 16:48
(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.
Read moreAirtel Africa Q3 underlying revenues jump, but FX weighs on results
1st Feb 2024 07:21
(Sharecast News) - Africa-focused telecoms group Airtel Africa said it intends to launch a share buyback worth up to $100m after a strong underlying performance in the third quarter, though currency movements weighed heavily on growth.
Read moreAirtel Africa CEO to retire
2nd Jan 2024 07:03
(Sharecast News) - Telecoms operator Airtel Africa said chief executive Olusegun Ogunsanya would be retiring and replaced by Sunil Taldar in the middle of the year.
Read moreAirtel Africa CEO to retire
2nd Jan 2024 07:03
(Sharecast News) - Telecoms operator Airtel Africa said chief executive Olusegun Ogunsanya would be retiring and replaced by Sunil Taldar in the middle of the year.
Read moreDirector dealings: Airtel shareholder crosses 15pc threshold, BT CFO sells stock
14th Dec 2023 16:40
(Sharecast News) - Two significant director dealings were disclosed to the market on Thursday, with one of Airtel Africa's shareholders crossing the 15% holding threshold, while BT's finance chief sold a chunk of his holding.
Read moreLondon close: Stocks higher after flurry of corporate updates
30th Oct 2023 16:00
(Sharecast News) - London's financial markets showed resilience on Monday, finishing with gains as investors assessed corporate results and awaited significant central bank policy updates.
Read moreAirtel Africa reports customer growth, naira devaluation bites
30th Oct 2023 07:38
(Sharecast News) - Airtel Africa reported robust first-half growth in both operating key performance indicators (KPIs) on Monday, as its total customer base jumped 9.7% to 147.7 million customers, although its financial figures were hit by the Nigerian central bank's currency devaluation in the summer.
Read moreDirector dealings: Keywords non-exec invests, Airtel Africa CEO funds property purchase
11th Aug 2023 09:57
(Sharecast News) - Video games specialist Keywords Studios was on the list of director buys on Friday, after a non-executive director picked up more than 3,000 shares.
Read moreAirtel Africa Q1 revenue grows but profit hit by foreign exchange loss
27th Jul 2023 10:02
(Sharecast News) - Telecommunications and mobile money services firm Airtel Africa posted a rise in first-quarter revenue on Thursday, but profits fell as it was hit by a foreign exchange loss.
Read moreAirtel Africa says reform of Nigerian FX market expected to bolster US dollar liquidity
20th Jun 2023 08:07
(Sharecast News) - Airtel Africa said that the Nigerian central bank's decision to unify all segments of the country's foreign exchange market was expected to bolster dollar liquidity and engender a more stable market.
Read moreCurrency movements hit Airtel Africa profits
11th May 2023 09:21
(Sharecast News) - Airtel Africa reported revenue growth of 11.5% in its full-year results on Thursday, to $5.26bn in reported currency.
Read moreSunday share tips: Airtel Africa, Kier
26th Mar 2023 16:38
(Sharecast News) - The Sunday Times's Lucy Tobin told readers that shares of Airtel Africa were a 'buy', pointing to the telecom group's footprint in Africa and fast-growing money transfer unit.
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