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/ 30 May 2005

Bicycle bomb wounds seven Afghans

A bicycle bomb aimed at a vehicle carrying Nao-led peacekeepers exploded on Monday east of the Afghan capital Kabul, wounding at least seven Afghan civilians, some seriously, police and officials said. The remote-controlled bomb was set on a bicycle left on the side of the main road from Kabul to the eastern city of Jalalabad and detonated at about 9.30am.

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/ 30 May 2005

Alexander Forbes reports earnings decline

South African financial services group Alexander Forbes on Monday reported a 16% decline in headline earnings per share to 113 cents for the year ended March 31, from 135 cents a year ago. Excluding non-recurring restructuring costs, headline earnings per share were 132 cents, down 2% from 135 cents a year earlier.

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/ 30 May 2005

Absa reports healthy boost in earnings

South African’s biggest retail bank, Absa — in which British banking group Barclays is acquiring a 60% stake — boosted headline earnings by 23,3% from R4,447-billion to R5,484-billion for the year to the end of March. This translated into headline earnings per share of 841 cents, which represents a 22,1% increase on last year’s 688,5 cents.

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/ 30 May 2005

Dan Wheldon wins Indy 500

Dan Wheldon overcame an electrifying run by Danica Patrick and ended 35 years of fabled Andretti bad luck to win the Indianapolis 500 on Sunday. Wheldon took team co-owner Michael Andretti with him to Victory Lane, ending years of frustration for the Andretti family, which last got a taste of the Indy winner’s jug of milk when Michael’s father, Mario, won in 1969.

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/ 30 May 2005

Bonds improving but Cell C will ‘wait and see’

South Africa’s third mobile operator Cell C would "wait and see" before it went ahead with the issuance of €625-million (about R5-billion) worth of high yield bonds, adviser to the unlisted company’s CEO Jonathan Newman said on Monday. He stated that although there were signs that the market was improving, the Saudi-backed operator had decided to wait until the bond market stabilised