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Telkom raises dividend by 56% as carrier enters next growth phase

Bloomberg Telkom SA SOC Ltd. said full-year earnings and the dividend both rose as South Africa’s biggest landline provider enters a new phase of growth by giving more autonomy to its four business units. Earnings per share excluding one-time items increased by 12 percent 7.31 rand in the year through March, the Pretoria-based company said in a statement on Monday. ...

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Delta poised to regain power over airfares

Bloomberg Delta Air Lines Inc. is finally showing a return to pricing power after a two-year slump, leading stocks to climb across the industry. Passenger revenue for each seat flown a mile rose 3.5 percent in May, the second-biggest US carrier said. The increase showed that Delta is on track for a 3 percent gain this quarter in the benchmark ...

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Lululemon gains most in 6 months as sales begin to recover

Bloomberg Lululemon Athletica Inc. kicked off its biggest rally in almost six months after pulling out of a slump and announcing plans to revamp its line of girls’ apparel. After slow sales spooked investors earlier this year — a problem that Chief Executive Officer Laurent Potdevin blamed on poor web traffic and a dull product assortment — the company posted ...

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