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Stock Market & Financial Investment News

News Breaks
November 29, 2012
08:17 EDTDANOYDanone to grow nutrition business in India, Economic Times reports
In India, French dairy firm Danone (DANOY) plans to double its nutrition business over the next 3-4 years, reports the Economic Times. Earlier this year the company acquired Wockhardt's nutrition business. Reference Link
News For DANOY From The Last 14 Days
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December 12, 2014
06:44 EDTDANOYDanone backs 2014 organic growth target of 4.5%
Backs 2014 trading operating margin down less than 20 basis points like-for-like. Backs 2014 free cash flow to be between EUR1.3B-EUR1.4B. Danone said it will continue to expand capacity rapidly and build development platforms in fast-growing regions, particularly Asia and Africa. Investments made for this purpose over the past two years have resulted in a higher use of debt than in the past, at a level that could imply a credit rating one notch lower, and that is appropriate for this current period of development given the company’s sound cash-flow outlook and debt structure.
06:42 EDTDANOYDanone to keep Medical Nutrition business, Reuters reports
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December 11, 2014
07:13 EDTDANOYDanone to discuss whether to keep or sell medical nutrition unit, Reuters says
According to a source, Danone (DANOY) will hold a board meeting today to discuss whether to keep or sell its medical nutrition business, Reuters reports. Previous reports said Danone's board would decide whether to sell the unit to Hospira (HSP) or Fresenius (FMS), with Fresenius as the possible front-runner to enter exclusive talks. Reference Link

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