Linkedin Shares Dropped 26% at First Quarter on Lower Profit Forecast

LinkedIn shares fall 26% after the company projected lower than expected profits for the first quarter of 2016.

 

The social media site forecast earnings of $0.55 per share - far below analysts expectations of $0.74 per share. 

JSE falls to below 50,000 at opening

The Johannesburg Stock Exchange opened weaker on Friday with top 40 shares such as Naspers and MTN leading the charge down.

 

At 9.30am, the all share index had shed 1.36% to 49,741.10 points. It was last at this level at the end of September. The blue-chip top 40 index had declined 1.55% by the same time.

SABMiller extend deadline by a week to finalise purchase by AB InBev

Brewer SABMiller has extended the deadline for rival Anheuser-Busch InBev to make a formal $100bn-plus takeover offer by a further week in order to finalise shareholder support for the deal.

We looking to Invest R250M-R500M Nigeria properties- OMIG

Old Mutual Investment Group is looking to invest R250m-R500m acquiring properties in east and West Africa.

This is part of the group’s plans to spread its asset management capability beyond SA to key growth markets in the rest of Africa.