EQS-News: Nikon Corporation / Key word(s): Offer Nikon Corporation: Acceptance Period of Nikon''s Public Takeover Offer for SLM Commences: SLM Shareholders can Tender Their Shares from Today 30.09.2022 / 11:05 CET/CEST The issuer is solely responsible for the content of this announcement.
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SLM Corporation (NASDAQ:SLM) closed Wednesday at $15.10 per share, down from $15.27 a day earlier. While SLM Corporation has underperformed by -1.11%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SLM fell by -13.52%, with highs and lows ranging from $20.88 to $14.35, whereas the simple […]
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The share price of SLM Corporation (NASDAQ:SLM) rose to $15.08 per share on Wednesday from $15.05. While SLM Corporation has overperformed by 0.20%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SLM fell by -13.43%, with highs and lows ranging from $20.88 to $14.35, whereas the […]
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In Thursday’s session, SLM Corporation (NASDAQ:SLM) marked $15.47 per share, up from $15.14 in the previous session. While SLM Corporation has overperformed by 2.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SLM fell by -13.53%, with highs and lows ranging from $20.88 to $14.35, whereas […]
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SLM Corporation (NASDAQ:SLM) closed Thursday at $14.78 per share, down from $15.28 a day earlier. While SLM Corporation has underperformed by -3.27%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SLM fell by -19.59%, with highs and lows ranging from $20.88 to $14.60, whereas the simple […]
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DGAP-News: Nikon Corporation / Key word(s): Tender Offer Nikon to Partner with SLM Through a Public Takeover Offer 02.09.2022 / 08:11 CET/CEST The issuer is solely responsible for the content of this announcement. Nikon to Partner with SLM Through a Public Takeover Offer To Become a Leading
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SLM Corporation (NASDAQ:SLM) has a beta value of 1.19 and has seen 0.86 million shares traded in the recent trading session. The company, currently valued at $3.87B, closed the recent trade at $15.41 per share which meant it gained $0.45 on the day or 3.04% during that session. The SLM stock price is -35.5% off … SLM Corporation (SLM) Is A Buy According To Analysts Read More »
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On Aug. 24, President Joe Biden signed an executive order addressing student loan debt. As it pertains to student loan stocks to buy, many investors don’t seem to understand the specifics surrounding the situation. However, the move has some investors wondering if there are now stocks to buy based on the recent action. The move was somewhat controversial, given citizens’ feelings about who is responsible for student loan debt. Some felt that the debt — or a portion of the debt — should be forgiven. Others felt that the debt was a personal responsibility and should not be forgiven. Complicating matters is the fact that the PPP loans were forgiven. In any regard, the specifics include : “The Department of Education will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by the Department of Education, and up to $10,000 in debt cancellation to non-Pell Grant recipients. Borrowers are eligible for this relief if their individual income is less than $125,000 ($250,000 for married couples).” Further, the Administration “will extend the pause a final time through December 31, 2022, with payments resuming in January 2023.” SOFI SoFi $5.82 NNI Nelnet $84.27 SLM Sallie Mae $14.86 Sofi (SOFI) Source: Michael Vi / Shutterstock SoFi (NASDAQ: SOFI ) was a favorite among growth stocks to buy for investors.
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Sallie Mae (SLM), trading as SLM Corp, operates in the education loans market. It provides private student loans to help people pay for college and obtain a degree or other professional training. Sallie Mae may benefit from President Joe Biden’s decision to forgive federal student loans for some borrowers. Sallie Mae has an interesting history. It started in 1972 as a government entity working on the federal education loans program. At some point, Sallie Mae shifted its focus to the private student loans market and emerged as a leader in that space. Why do Students Prefer Sallie Mae''s Education Loans? The private student loans market is highly competitive.
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SLM Corporation found using ticker (SLM) now have 12 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 25 and 16 with a mean TP of 20.21. With the stocks previous close at 15.95 this indicates there is a potential upside of 26.7%. The 50 day moving average now sits at 16.5 and the 200 moving average now moves to 17.89. The market cap for the company is $4,065m. You can visit the company''s website by visiting: https://www.salliemae.com [stock_market_widget type="chart" template="basic" color="green" assets="SLM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $5,151m based on the market concensus. SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
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SLM Corporation found using ticker (SLM) now have 12 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 25 and 16 with the average target price sitting at 20.21. Now with the previous closing price of 15.37 this would imply there is a potential upside of 31.5%. There is a 50 day moving average of 16.85 while the 200 day moving average is 17.96. The market cap for the company is $3,854m. Visit the company website at: https://www.salliemae.com [stock_market_widget type="chart" template="basic" color="green" assets="SLM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $5,067m based on the market concensus. SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
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SLM Corporation found using ticker (SLM) now have 12 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 25 and 16 calculating the average target price we see 20.88. With the stocks previous close at 15.51 this now indicates there is a potential upside of 34.6%. The day 50 moving average is 17.05 and the 200 moving average now moves to 18.01. The company has a market capitalisation of $3,922m. Find out more information at: https://www.salliemae.com [stock_market_widget type="chart" template="basic" color="green" assets="SLM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $5,279m based on the market concensus. SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
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The company reported solid results for the second quarter, but its guidance regarding charge-offs was problematic.
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SLM Corporation (NASDAQ:NASDAQ:SLM) Q2 2022 Earnings Conference Call July 28, 2022 08:00 AM ET Company Participants Brian Cronin - VP, IR Jon Witter - CEO Steve McGarry - EVP & CFO…
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The following slide deck was published by SLM Corporation in conjunction with their 2022 Q2 earnings call.
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WASHINGTON (dpa-AFX) - SLM Corp. (SLM) reported a profit for its second quarter that increased from last year but missed the Street estimates.The company''s earnings came in at $340 million, or $1….
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SLM Corporation (NASDAQ:SLM) price is hovering higher on Wednesday, July 27, jumping 3.15% above its previous close. A look at today’s price movement shows that the recent level at last check reads $16.35, with intraday deals fluctuating between $16.325 and $16.68. The company’s 5Y monthly beta was ticking 1.27 while its P/E ratio in the … SLM Corporation (NASDAQ: SLM) Stock: Bulls Need To See This Read More »
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Sallie Mae (SLM) is scheduled to announce Q2 earnings results on Wednesday, July 27th, after market close.The consensus EPS Estimate is $1.26 (vs
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SLM Corporation with ticker code (SLM) now have 12 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 25 and 18 calculating the mean target price we have 21.67. With the stocks previous close at 16.91 this would indicate that there is a potential upside of 28.1%. The day 50 moving average is 17.09 while the 200 day moving average is 18.04. The company has a market capitalisation of $4,525m. Visit the company website at: https://www.salliemae.com [stock_market_widget type="chart" template="basic" color="green" assets="SLM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $5,799m based on the market concensus. SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
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It turns out that Fintech (financial technology) is a war zone now. I found six Fintech stocks to buy on the dip. These stocks are down significantly from their highs, yet all of them are profitable. They are all cheap now on a P/E basis, and all of them, except one, pay dividends. That presents a unique buying opportunity for the likely survivors. This article will dive into some of the more probable winners. You can see from the chart on the right that the average P/E of these fintech stocks has a price-to-earnings (P/E) multiple of 8.3x. Most of the companies have lower earnings projections for 2023, so the P/E falls for 2023 to 7.7x. Click to Enlarge Source: Mark R. Hake, CFA Moreover, the average dividend yield for this group of fintech stocks is over 4%. That makes them quite interesting to value investors. This is a higher than average dividend yield than most other stocks. This is also one more reason to buy these fintech stocks on the dip. The 7 Best Tech Dividend Stocks to Buy Right Now Let’s dive in and look at these stocks.
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SLM Corporation with ticker code (SLM) now have 11 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 27 and 19 with the average target price sitting at 23.18. With the stocks previous close at 16.42 this indicates there is a potential upside of 41.2%. The 50 day MA is 17.24 while the 200 day moving average is 18.12. The market cap for the company is $4,380m. Visit the company website at: https://www.salliemae.com [stock_market_widget type="chart" template="basic" color="green" assets="SLM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $6,183m based on the market concensus. SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
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SLM Corporation with ticker code (SLM) now have 11 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 27 and 19 calculating the mean target price we have 23.18. Now with the previous closing price of 15.94 this would imply there is a potential upside of 45.4%. The day 50 moving average is 17.3 and the 200 day moving average is 18.15. The market cap for the company is $4,453m. Find out more information at: https://www.salliemae.com [stock_market_widget type="chart" template="basic" color="green" assets="SLM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $6,475m based on the market concensus. SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
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A pan-Yoruba group from the Ondo-Ekiti axis, Sunshine Liberation Movement (SLM), has hailed the All Progressives Congress (APC) Asiwaju Bola Ahmed Tinubu’s agenda for Nigerians. A statement by its National coordinator, Elder Dipo Ajidahun, said the movement identified with the welfarist agenda proposed for Nigerians by the APC presidential flagbearer. “We are particularly impressed by the reform agenda proposed by Tinubu for his Presidency; especially his vow to constitute State Police aside from Federal Police, with a view to stemming the tide of insecurity that has lain Nigeria prostrate,” Ajidahun said. The SLM, as such, urged Nigerians to rise above “the politics of witch-hunt and financial greed, and instead task people aspiring for public offices on what they have to offer in terms of programmes”.
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SLM Corp. (SLM) shares closed this week 22.4% lower than it did at the end of last week. The stock is currently down 23.1% year-to-date, down 25.5% over the past 12 months, and up 49.7% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the S&P 500 fell 8.7%. Trading Activity Shares traded as high as $19.16 and as low as $14.60 this week.Shares closed 25.7% below its 52-week high and 6.8% above its 52-week low.Trading volume this week was 84.2% higher than the 10-day average and 72.0% higher than the 30-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis The company share price lags the performance of its peers in the Financials industry sector this week, lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -12.7% The company's stock price performance over the past 12 months lags the peer average by 49.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 2.4% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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SLM Corporation with ticker code (SLM) now have 11 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 27 and 19 calculating the mean target price we have 23.27. Given that the stocks previous close was at 19.56 this indicates there is a potential upside of 19.0%. The 50 day MA is 17.53 and the 200 day MA is 18.27. The company has a market cap of $5,209m. Company Website: https://www.salliemae.com [stock_market_widget type="chart" template="basic" color="green" assets="SLM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $6,197m based on the market concensus. SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
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SLM Corporation (NASDAQ:SLM) shares, rose in value on Friday, June 03, with the stock price down by -0.72% to the previous day’s close as strong demand from buyers drove the stock to $19.42. Actively observing the price movement in the recent trading, the stock is buoying the session at $19.56, falling within a range of … SLM Corporation (NASDAQ: SLM): A Great Stock To Watch Read More »
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SLM Corporation found using ticker (SLM) have now 11 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 27 and 19 with the average target price sitting at 23.45. Now with the previous closing price of 15.96 this would imply there is a potential upside of 46.9%. The 50 day MA is 17.36 and the 200 day moving average is 18.31. The market capitalisation for the company is $4,474m. Company Website: https://www.salliemae.com [stock_market_widget type="chart" template="basic" color="green" assets="SLM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $6,574m based on the market concensus. SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
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The Health Ministry says there is no exact date on when Sri Lanka will receive AstraZeneca vaccines to be used as the second dose. The vaccines had been expected this week but the Health Ministry today said that it is now expected in another two weeks. Health Promotion Bureau (HPB) Director Dr. Ranjith Bathuwanthuduwa told reporters today that there is still no fixed date on when the vaccines will arrive. However, Bathuwanthuduwa urged the public not to panic, saying the second dose will arrive soon. (colombogazette.com) (Except for the headline, this story, originally published by colombogazette.com has not been edited by SLM staff)
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Related Stocks: SC , TSLA , SLM , AR , X , NUE , DCOM , OLN , ESML , CRBN , CPE , ESGV , CNX , JW.A , BANC , EAT , CBRL , ORCL , VTI , VEA , EGOV , BLMN , VGK , FHLC ,
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Environmental activists claim there is an oil leak from the X-Press Pearl Wreck sitting on the ocean floor off the coast of Colombo, Sri Lanka. The Executive Director of the Centre for Environmental Justice, Hemantha Withanage speaking to reporters in Colombo on Thursday (22) said he believes the bunker oil from the X-Press Pearl is leaking. He said over 275 sea turtles are reported to have died following the X-Press Pearl disaster and it can be assumed that the actual number of sea turtle deaths can be north of 2000. In addition, around 45 dolphins have also reported to have died, he said. He claimed there is chemical contamination in the sea resulting in the death of marine life while local academics have failed to provide reasons for this issue. The Executive Director of the Centre for Environmental Justice, Hemantha Withanage went on to note that the oil leak is resulting in the deaths of more fish and the livelihoods of the fishermen. According to information received, the oil is leaking out from one of the air vents which is about 02 to 03 meters below the sea level.
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(RTTNews) - Below are the earnings highlights for SLM Corp. (SLM): -Earnings: $139.01 million in Q2 vs. -$87.69 million in the same period last year. -EPS: $0.44 in Q2 vs. -$0.23 in the same period last year. -Excluding items, SLM Corp. reported adjusted earnings of $144.28 million or $0.45 per share for the period. -Analysts projected $0.
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NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released second-quarter 2021 financial results. Highlights of those results are included in the attached supplement. Complete financial results are available at www.SallieMae.com/investors. Sallie Mae will host an earnings conference call tomorrow, July 22, 2021, at 8 a.m. ET. Executives will be on hand to discuss various highlights of the quarter and to answer questions related to Sallie Maes performance.
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Two chimpanzees and two orangutans at the Dehiwala Zoo have tested positive for COVID-19. State Minister of Wildlife Wimalaweera Dissanayake said that there was no change in the behavior and eating habits of the animals. As a result, he said, another PCR test would be conducted to confirm whether they continue to remain infected with COVID-19. The four animals have been separated from the rest of the animals and sent for quarantine. A lion and a lioness at the Dehiwala Zoo earlier tested positive for COVID-19. State Minister Wimalaweera Dissanayake stated that both the animals have recovered. ( newsfirst.lk ) (Except for the headline, this story, originally published by newsfirst.lk has not been edited by SLM staff)
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Sri Lanka Police have discovered Rs. 13.9 million in cash buried in a house located in Kottawa, Pannipitiya. This house was rented out by Dinesh Lakmal, the brother-in-law of wanted drug trafficker Ran Malli. The suspect was arrested by Police and handed over to the Police Narcotic Bureau. Ran Malli (Charith Sandakelum) is a close associate of notorious drug trafficker and criminal gang leader Harak Kata (Nandun Chinthaka), and both of these criminals are operating from the UAE. Police Spokesperson Senior DIG Ajith Rohana said discovery was linked to discovery of 298 kilograms of heroin and weapons from a vessel in the Southern Coast of Sri Lanka. The skippers of several vessels, the crew and several others were arrested in the recent months, he said. The Police Spokesperson said investigations revealed that Ran Malli was using his brother-in-law to handle drug finances in the country. ( newsfirst.lk ) (Except for the headline, this story, originally published by newsfirst.lk has not been edited by SLM staff)
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An enormous part of the Sri Lankan southeast corner is Yala National Park and this park that stretches from the jungles inland to the beaches on the Indian Ocean was closed for all visitors during the COVID-19 pandemic. However, the park is now open to only foreign tourists subject to health recommendations. Manoj Vidyaratne, the caretaker of the Yala National Park speaking to News 1st said the authorities hope to open the Yala National Park to local tourists as soon as possible. I hope that the Yala National Park will become a very good tourist destination in the future after it is opened to local tourists as well, he said. The Yala National Park was opened amid allegations by the opposition led by Opposition Leader Sajith Premadasa who claimed that the government is planning to take away 12,000 acres From the Yala National Park, Block 1 for unknown purposes. Reliable sources have also confirmed that illegal roadways are to be constructed through the National Park up to Akasa Chaitya, he tweeted.
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Minister of Education Prof. GL Peiris says a decision on postponing the 2021 Advanced Level Examination and the Grade 5 Scholarship Examination, scheduled for the month of October, will be announced next week. The Minister speaking at a media briefing today said, a decision will be reached following comprehensive talks with nine Zonal Education Directors, teachers and all stakeholders. Minister Peiris said talks will focus on whether the exams should be postponed by a short period given the COVID-19 situation in the country. The Education Minister claimed a decision will be announced next week following a comprehensive discussion. Meanwhile the Minister added they hope to complete the vaccination of all teachers in ten days. The Education Minister said as of noon yesterday 86% of teachers were vaccinated in the Western Province, 97% in Colombo, 81% in Gampaha and 82% in Kalutara. He noted that the Ministry of Education will subsequently reopen schools in stages from the beginning of August.
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Trade Minister Bandula Gunawardena on Sunday (11) said he will take responsibility for ensuring that a kilogram of Nadu and Kekulu rice is available for less than Rs. 100/- for a period of three years, by amending the necessary laws and regulations. "We cannot allow the price of rice to increase,'''' said the Minister adding that the government will not allow anyone to make undue profits by amassing paddy stocks during this difficult time period. (newsfirst.lk) (Except for the headline, this story, originally published by newsfirst.lk has not been edited by SLM staff)
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The Supreme Court has determined that several Clauses of the Bill titled Coronavirus Disease 2019 (Covid-19) (Temporary Provisions) are inconsistent with the Constitution and need amendments, Speaker Mahinda Yapa Abeywardena announced in Parliament yesterday. The SC had stated that the Bill, in its current form, requires a special majority in Parliament and the approval of the people at a referendum. The Speaker announced as follows: I wish to announce that I have received the determination of the Supreme Court in respect of the Bill titled Coronavirus Disease 2019(Covid-19) (Temporary Provisions) which has been challenged in the Supreme Court in terms of Article 121 (1) of the Constitution. A three Judge Bench has adjudicated on the matter and two Judges have determined as follows:- 1) Clauses 2,3,4,6,7 and 10 of the Bill read together with the definition of Covid-19 circumstance in Clause 12 of the Bill are inconsistent with Articles 3 and 4 (c) of the Constitution and could be validly passed only with the special majority Provided for in Article 84(2) of the Constitution and approved by the People at a referendum.
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Sanlam has launched an interactive app that introduces children to the wonder of saving. The company said that its new free, first-of-its-kind app helps children start a journey of financial confidence by teaching them savvy saving habits. In the app, young users become dragon masters embarking on a fantastical quest. The more they save, the []
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The Sri Lankan Government has decided to administer the Chinese Sinopharm vaccine for students traveling overseas for higher education. Students who are leaving for countries that have mandated the completion of COVID-19 vaccination will be administered the vaccine. The NOCPCO said that students are required to register themselves through the official website of the army on www.army.lk/covid19 and accessing the menu Pre-Departure Vaccination Students. Following the registration, students will receive an SMS regarding the date, time, and venue where the vaccine will be administered. (newsfirst.lk) (Except for the headline, this story, originally published by newsfirst.lk has not been edited by SLM staff)
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Sanlam Sanlam joins Every Action Counts a new global coalition to reach one billion citizens to tackle sustainability, nature conservation and climate Sanlam announced that it will join the Every Action Counts, a new coalition The post Sanlam joins Every Action Counts appeared first on COVER Magazine .
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By Helene van Zyl, Financial Advisor at Sanlam* Good financial advice from a qualified professional can significantly improve your peace of mind and chances of success as you battle with economic challenges this year. Namibian consumers are under pressure as increased living costs are taking their toll on our monthly budgets, and we struggle to []
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England completed a 3-0 clean sweep over Sri Lanka in the T20I series with a crushing 89-run victory at the Ageas Bowl. It was the fourth-largest victory margin in terms of runs England have achieved in the format. Despite the loss of both regular openers to injury, England posted a century stand for the first wicket to grasp a firm hold on the match which they were never to relinquish. Dawid Malan was named Player of the Match for a fluent innings of 76 that belied the slow nature of the pitch. Jonny Bairstow made 51. Nobody in the rest of the match passed 20. England lost their way a little towards the end of their innings. An excellent spell of death bowling from Dushmantha Chameera, a bright spot amid the rubble of a bitterly disappointing Sri Lanka performance, saw England lose five wickets for 19 runs between the 16th and 19th overs. Chameera finished with career-best figures of 4 for 17. Chris Jordan, however, helped England plunder 17 from the final over of the innings to take them to a total that was always likely to prove beyond the reach of a side that had failed to reach 130 in either of the first two games in the series.
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SS Equity Holdings Ltd., linked to high net worth individual investor Shankar Somasundaram, has acquired the BreadTalk franchise for Rs. 245 million. The acquisition is via FoodBuzz Ltd., the subsidiary of RIL Property PLC. BreadTalk has 10 outlets in the country. Somasundaram is regarded as one of the most successful investors. He founded Lanka Bell and was a leading shareholder of Brown and Company, among others. RIL said it has transferred the entire equity of 108.18 million shares in FoodBuzz to SS Equity. The divestment is in line with the companys strategic investment activities and helps streamline its resources and business structure, RIL said. The move comes after in March RIL said it was in the process of negotiations with a potential investor after an initial plan to temporarily close all BreadTalk outlets was suspended. As at 31 March, FoodBuzz had assets worth Rs. 437.5 million including Rs. 219 million in property, plant and equipment and intangible assets) and liabilities of Rs. 177.5 million (including Rs. 110 million in lease liabilities).
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Zwelakhe Mnguni from Benguela Global Fund Managers and Nesan Nair from Sasfin Securities talk to Business Day TV
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The Samagi Jana Balawegaya has urged President Gotabaya Rajapaksa to revoke the pardoning of former Parliamentarian Duminda Silva who was sentenced to death. A statement undersigned by the party General Secretary, Parliamentarian Ranjith Madduma Bandara said sovereignty and independence of the countrys judiciary has been challenged through the Presidential Pardon granted to Duminda Silva. The SJB said the Bar Association of Sri Lanka has also questioned if the President followed proper procedures in granting pardon. The statement said, it raises a serious issue regarding the governance of the country if a sentence imposed by a three-judge bench of the High Court, which was then confirmed by a five-judge bench, including the Chief Justice of the Supreme Court, is amended through executive powers. The SJB is of the view that obtaining signatures of MPs demanding a presidential pardon for Silva set the stage for this shameless decision. Furthermore, the SJB charges that the Attorney General has been pressured to appoint the Presidential Commission of Inquiry into Political Victimization and amend Court decisions based on its recommendations.
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Slowly but surely, Alexander Forbes is moving back into the Sanlam fold
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We saw about 40% of employers in umbrella funds suspending contributions, and one in 50 standalone funds suspending contributions: Avishal Seeth head of Umbrella Solutions, Sanlam
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Reading Time: 4 minutes Sanlam today released the results of its 40th Benchmark Survey. The research showed the deep impact that COVID-19 had on the retirement industry, with 27% of stand-alone retirement funds and 41% of umbrella funds employers having suspended retirement fund contributions last year. This resulted in an average suspension across all fund types of 4.5 months. The post Sanlam Benchmark Survey shows impact of COVID-19 on retirement appeared first on MoneyMarketing .
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