Botswana supermarket chain Choppies to seek South African listing

JOHANNESBURG (Reuters) – Botswana’s supermarket chain Choppies plans a secondary listing on the South African bourse, it said on Wednesday, seeking to boost its profile among investors in Africa’s largest and most liquid stock market. Choppies, which runs 125 stores in Botswana, South Africa and Zimbabwe, gave no indication of how much it will seek to raise from the offering

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FTSE boosted by earnings ahead of election

By Alistair Smout GLASGOW (Reuters) – FTSE edged higher on Wednesday, boosted by reassuring results which lifted the tobacco and engineering sectors, although activity was muted ahead of Thursday’s national elections. Imperial Tobacco Group rose 1.8 percent after it stood by its outlook for the remainder of the year, despite reporting a 5 percent decline in underlying tobacco sales volume

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Britain’s FTSE boosted by earnings ahead of election

* FTSE 100 up 0.4 percent * Imperial Tobacco (LSE: IMT.L – news) lifts sector with results * Sainsbury falls as price war continues * Last day of campaigning before vote By Alistair Smout GLASGOW, May 6 (Reuters) – Britain’s top share index edgedhigher on Wednesday, boosted by reassuring results which liftedthe tobacco and engineering sectors, although activity was mutedahead

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All-round Mumbai continue to surge

Mumbai Indians 153 for 5 (Rayudu 49*, Rohit 46) beat Delhi Daredevils 152 for 6 (Yuvraj 57) by 5 wickets Mumbai Indians alternated between brilliance and brain-freeze, and despite inexplicably fiddling with their batting order again, trumped Delhi Daredevils by five wickets and three balls to spare. A large chunk of the credit for their fourth win in a row

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Azhar and Younis in century stand

Tea Pakistan 196 for 2 (Azhar 85*, Younis 77*) v BangladeshLive scorecard and ball-by-ball details There was a little tug-and-pull in the overs just after lunch, but Azhar Ali and Younis Khan soon established command over Bangladesh’s depleted attack on a first-day pitch that had stopped offering seam movement, and was conducive to only modest turn. They grew their partnership

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Sainsbury’s in first loss for 10 years

Sainsbury’s has reported its first full-year loss for 10 years as the fierce competition within the UK grocery market continues. The UK’s third-largest supermarket chain reported a £72m loss in the year to 14 March. The results were hit by a number of one-off costs, including a writedown in the value of some of its stores. Excluding the one-off costs,

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Poundland invites scrutiny over deal

Poundland and 99p Stores have a combined network of 800 stores Discount store Poundland has invited the competition authorities to move to a full review of its proposed tie-up with rival 99p Stores. Poundland wants to buy its closest rival in an agreed deal worth £47.5m in cash and £7.5m in shares. Initial investigations by the Competition and Markets Authority

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