South African lender Absa Group reported a 10% jump in its annual profit on Tuesday, 11 March 2025 with a significant improvement in performance during the second half, driven by a reduction in retail credit impairments in its home market. The lender, with a presence across 16 countries including Ghana, Kenya, Zambia, the UK and...
Day: <span>12 March 2025</span>
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Puma to reduce 500 head-count worldwide in cost-cutting programme
Puma will cut 500 jobs worldwide as part of its cost-reduction programme, its CFO said after the German sportswear group late on Tuesday issued disappointing forecasts for the first quarter and 2025 amid weak demand in the U.S. and China. Puma’s disappointing quarterly sales and annual profits announced in January and Tuesday’s outlook have fuelled concerns about its ability to...