Airtel Africa slumps as H1 profits, revenue drop
25th Oct 2024 09:24
(Sharecast News) - Airtel Africa slumped on Friday as it posted a decline in first-half profit and revenues.
Read moreLondon close: FTSE slips as US job openings miss forecasts
4th Sep 2024 15:00
(Sharecast News) - London stock markets ended Wednesday flat to lower as investors processed fresh economic signals from the US, particularly a lower-than-expected job openings report.
Read moreLondon close: Stocks mixed on tsunami of updates, US GDP data
25th Jul 2024 15:27
(Sharecast News) - London stocks closed with mixed results on Thursday as investors processed faster-than-anticipated economic growth in the United States, following a heavy flow of corporate announcements earlier in the day.
Read moreAirtel Africa grows customer base but FX dampens Q1 results
25th Jul 2024 07:44
(Sharecast News) - India-owned, Africa-focused telecoms group Airtel Africa saw first-quarter revenues rise by almost a fifth at constant currencies, but reported sales dropped sharply due to the ongoing currency devaluation in Nigeria.
Read moreLondon close: Stocks finish mixed on China demand concerns
16th Jul 2024 15:35
(Sharecast News) - London stocks finished with a mixed performance on Tuesday as investors weighed global political and economic risks, with the likes of Rio Tinto and Burberry remaining below the waterline.
Read moreLondon 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.
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