Carex, Imperial Leather and Original Source maker PZ Cussons slumps into the red after Nigerian Naira collapse Retail Shares in PZ Cussons, the company behind the likes of Carex, Imperial Leather and Original Source, have been cut after the business revealed how a 70 per cent slash to the Nigerian Naira has impacted its finances. The Manchester-headquartered firm, which is listed on the London Stock Exchange, has reported a revenue of £527.9m for [...]
CAB Payments posts slump in profit as currency shifts drag down earnings Banking Fintech CAB Payments has reported a slump in profit for first half of 2024 as currency shifts continued to weigh on its earnings.
CAB Payments partners with Visa to boost emerging markets service Banking Fintech CAB Payments has struck a deal with Visa designed to boost its services across emerging markets.
CAB Payments attempts to move on from challenging year despite lack of ‘tailwinds’ from Nigerian Naira July 25, 2024 CAB Payments reported a “resilient” performance in the first half of the financial year as it attempts to move on from a difficult year. In a trading update covering the six months to June, the payments firm reported that gross income was down 22 per cent on last year, falling to £56m from £72m previously. [...]
PZ Cussons: Carex maker backs outlook despite surge in Nigerian currency June 26, 2024 British health and beauty manufacturer PZ Cussons said its on track to deliver a revenue of more than £520m despite the decline in the value of the Nigerian Naira, which it said has had a “significant” impact on its trading.
Currency headwinds wipe a billion off Airtel Africa’s balance sheet May 9, 2024 Airtel Africa has reported robust growth in customer numbers, but profit has struggled.
PZ Cussons: Shares jump after company announces restructuring April 24, 2024 Shares in PZ Cussons rose over five per cent in early trade after it announced plans to offload its fake tan brand St Tropez and review its operations in Africa.
CAB Payments: Fintech’s earnings hit by currency policy shifts after disastrous London float March 26, 2024 Fintech CAB Payments' earnings have been hit by "unforeseen central bank interventions" as the firm looks to draw a line under a year which saw it become one of London's biggest stock market flops.
PZ Cussons shares nosedive 17 per cent after company slashes dividend following Naira devaluation February 7, 2024 British health and beauty manufacturer PZ Cussons has cut its dividend following a 70 per cent decline in the value of the Nigerian Naira.
PZ Cussons: Carex maker has to pay up for Nigerian arm November 23, 2023 Carex maker PZ Cussons said it would exit the Nigerian stock exchange earlier this year after the naira was devalued when inflation hit 24.08 per cent.