Stock Focus: Barclays Africa Group (BGA)

Barclays Africa Group Limited, formerly Absa Group Limited, is a South African-based financial services organization offering a range of retail, commercial, corporate and investment banking, financial services and wealth management products and services. The company also provides products and services to selected markets in the United Kingdom, Mozambique, Tanzania, Namibia, Nigeria and Botswana.

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SAB: Africa and LatAm still strong

SABMiller plc today issues its trading update for the 12 months ended 31 March 2015.

Alan Clark, Chief Executive of SABMiller, said:

“Our topline performance was strong in the final quarter, driven by double digit revenue growth in Africa and sustained growth in Latin America. Asia Pacific also returned to growth during the last three months of the year as lager volumes in China returned to growth. In the final quarter our revenues grew by 6%, repeating the strength of the first quarter, while full year revenue growth of 4% was driven by revenue per hectolitre growth in all regions”

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