Airtel Africa Share News (AAF)
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Tue, 02nd 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.
Taldar will be appointed to the board as an executive director and assume the role of CEO on July 1, at which time Segun will retire from the board and the company, Airtel said in a statement on Tuesday.
Reporting by Frank Prenesti for Sharecast.com
(Alliance News) - Stock prices in London closed higher on Monday, with investors optimistic that interest rate cuts might be around the corner.
Read moreAirtel Africa PLC - Africa-focused telecommunications firm - Confirms that subsidiary Bharti Airtel International (Netherlands) BV has fully repaid a USD550 million bond in 5.35% guaranteed senior notes maturing on Monday. Says repayment was exclusively through holding company (HoldCo) cash reserves, "and is a continuation of its strategy to reduce external foreign currency debt". Airtel says it had USD2.72 billion of external debt at HoldCo "which resulted in significant exposure to currency fluctuations and the reliance on upstreaming funds to cover both interest costs and the principal repayment".
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
Read more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more(Alliance News) - Stocks in London are set to open up on Friday after a dovish Bank of England interest rates hold on Thursday.
Read more(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 more(Alliance News) - Airtel Africa PLC on Thursday reported a decline in revenue, on a foreign exchange hit, though the Africa-focused telecommunications firm said it has recently "reduced the risks" from currency devaluation.
Read more(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 more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read moreAirtel Africa PLC - Africa-focused telecommunications firm - Director Shravin Bharti Mittal buys shares via Indian Continent Investment Ltd. Buys 1.1 million shares at around GBP1.06 each on Thursday for a total of GBP1.2 million.
Read more(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 more(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:
Read more(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:
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