.gif)
Marketing & Media trends
Industry trends
BizTrends Sponsors
Famous Brands drops 15% since reaching record
Shares of food and retail outlet Famous Brands have lost 7% on the JSE this week‚ bring total losses since reaching a record high on 17 January 2014 to about 15%.
The retail group‚ which is home to fast-food chains such as Steers‚ Debonairs and Fishaways‚ has rallied hard in the past couple of months‚ with some analysts pinning the downturn in the stock to a general pull-back.
Others believe the stock's retreat is in line with general market activity‚ with the all share index down 5.27% since touching a record 47‚348.48 points on 23 January‚ after further cuts to US monetary stimulus triggered an emerging-market sell-off that has seen foreign investors reduce their exposure in the region.
At 3.30pm‚ Famous Brands was down 2.28% at R90.88‚ valuing the company at 9.019bn.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
