Nairobi — Marketing and Communications company, WPP- ScanGroup has reported a loss of Sh1.732 billion for the financial year ended December 2020, compared to Sh158.79 million registered in a similar period in 2019. The group, which is a subsidiary of WPP company, released its 2020 financial report on August 31, after a three-month- delay which […]
Nairobi — Marketing and Communications company, WPP ScanGroup Monday said it will delay the publication of audited financial statements for the 2021 half-year results for a month. The results which were due on 31 August will now be published on or before 30 September 2021. In a statement, the Group Board of Directors said the […]
Former WPP Scangroup CEO Bharat Thakrar. FILE PHOTO | NMG WPP Scangroup has closed an investigation against its former chief executive, Bharat Thakrar, without finding incriminating evidence, raising questions about the reliability of the information it used to push out the company’s founder. The marketing services firm has published its financial statements for the year […]
WPP Scangroup CEO Bharat Thakrar. FILE PHOTO | NMG WPP Scangroup has lost Sh834 million in market value since its founder and former chief executive Bharat Thakrar was suspended for financial impropriety on February 19. The company’s share price closed at Sh5.54 on that day, assigning it a market capitalisation of Sh2.39 billion. The stock […]
Top gainers The top 5 gainers of the day at the Nairobi Securities Exchange (NSE) were Stanbic Holdings, Stanlib Fahari Income – REIT, Sasini, Bamburi Cement, and Carbacid Investments. Stanbic Holdings gained 3.76 percent at the price of 89.75 shillings per share followed by Stanlib Fahari Income – REIT with 2.65 percent at the price […]
NSE CEO Geoffrey Odundo,NBV (Nairobi Business Ventures) Chairman Haresh Soni,NSE Chairman Kiprono Kittony and ABC Group Managing Director Shamaz Savani at NBV’s Bell ringing ceremony NBV listed an additional 415 million shares on the NSE. [Wilberforce Okwiri,Standard] Listed marketing firm WPP Scangroup and leather retail chain Nairobi Business Ventures (NBV) have further delayed publication of […]
Shares of the little-known Nairobi Business Ventures ( NSE:NBV ) have staged the biggest short-term rallies on the history of the Nairobi bourse, lifting the wealth of its founders by hundreds of millions of shillings and benefiting early speculators. The company, which used to sell the K-Shoe brand of shoes, started trading on the Nairobi […]
Shares of the little-known Nairobi Business Ventures (NBV) have staged the biggest short-term rallies on the history of the Nairobi bourse, lifting the wealth of its founders by hundreds of millions of shillings and benefiting early speculators. The company, which used to sell the K-Shoe brand of shoes, started trading on the Nairobi Securities Exchange […]
Nairobi Securities Exchange(NSE) recorded Kapchorua Tea Company as the top price gainer when trading ended this Wednesday. Kapchorua share price was up 10% to close at KSh 93.50 per share over the previous closing price of KSh 85.00 on Tuesday 13th, 2021. KAPC began 2021 with a share price of KSh 78.00 and has since […]
WPP Scangroup CEO Bharat Thakrar. FILE PHOTO | NMG Marketing services firm WPP Scangroup has sought approval from the Capital Markets Authority (CMA) to delay publishing its annual results for the second time as investigation of its former executives continues. The company was required to announce its performance in the year ended December by April […]
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