Global

Danie Meintjes, Medclinic CEO to step down in 2018
JSE SENS

Danie Meintjes, Medclinic CEO to step down in 2018

Danie Meintjes, the chief executive of Mediclinic will be stepping down from the group by next year. Confirming the resignation of Danie Meintjes, Chairman of the group, Edwin Hertzog said: “Danie has been instrumental to the development of Mediclinic and the implementation of our strategy over 20 years of service […]

Caterpillar posts USD11.3 billion for Q2
Global

Caterpillar posts USD11.3 billion for Q2

Caterpillar said its second-quarter 2017 sales and revenues of $11.3 billion, compared with $10.3 billion in the second quarter of 2016. Second-quarter 2017 profit per share was $1.35, compared with $0.93 per share in the second quarter of 2016. Excluding restructuring costs and a gain on the sale of an […]

McDonald’s reports 36% growth in diluted EPS for Q2
Global

McDonald’s reports 36% growth in diluted EPS for Q2

Global fast food giant, McDonald’s said its net income for the second quarter of the year rose by 28% to USD1,3 billion compared to USD1,0 billion in the previous year. “We’re building a better McDonald’s and more customers are noticing,” said McDonald’s President and Chief Executive Officer Steve Easterbrook.  “Our relentless commitment to running great […]

Global

Michael Kors to acquire Jimmy Choo

American luxury fashion holding company, Michael Kors will acquire Jimmy Choo. Jimmy Choo Ltd is a British high fashion house specialising in shoes, handbags, accessories and fragrances. The company, J. Choo Limited, was founded in 1996 by couture shoe designer Jimmy Choo and Vogue accessories editor Tamara Mellon OBE. Under […]

AkzoNobel announces a new board restructure
Global

AkzoNobel announces a new board restructure

Building materials and coating maker, AkzoNobel has announced a new board structure designed to drive operational excellence, increase customer focus, and build further momentum and speed into the organization. In the new Executive Committee the following roles will continue: Chief Executive Officer (Thierry Vanlancker) Chief Financial Officer (Maëlys Castella) General […]

Morningstar acquires 40% stake in Sustainalytics
Global

Morningstar acquires 40% stake in Sustainalytics

Morningstar Inc., has acquired 40% equity stake in Sustainalytics. Sustainalytics provides environmental, social, and governance (ESG) research and ratings. The transaction is a direct investment which according to Morningstar represents an important milestone in its long-term sustainability strategy and intends to support Sustainalytics’ ability to deliver high-quality, innovative ESG products […]

Winchester South
Global

UK’s Serious Fraud Office investigates Rio Tinto

United Kingdom’s Serious Fraud Office said it is investigating Rio Tinto for alleged corrupt practices surrounding its conduct of business. The Serious Fraud Office said shortly that: “The Serious Fraud Office has opened an investigation into suspected corruption in the conduct of business in the Republic of Guinea by the […]