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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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July 25, 2014
08:24 EDTDANOYDanone backs FY14 view for 4.5%-5.5% sales growth
Danone said 1H performance is in line with the Group roadmap and confirms that Danone’s business is solid: "sales have stabilized in Europe, where the Group continues to adapt its business portfolio and structures; emerging markets continue to report strong growth; and Early Life Nutrition sales in China are moving ahead." Danone has set the following targets for full-year 2014: • like-for-like sales growth of between +4.5% and +5.5%; trading operating margin stable within a range of -20 bps and +20 bps, reflecting the flexibility that the Group seeks to manage its operations, in particular for its Early Life Nutrition business in Asia; free cash-flow of around EUR1.5B excluding exceptional items.
08:20 EDTDANOYDanone reports Q2 like-for-like sales up 2.3% to EUR5.41B
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July 23, 2014
06:24 EDTDANOYMead Johnson could be worth $120-$130 in a takeout, says Citigroup
Citigroup says a Wall Street Journal article yesterday about Danone (DANOY) launching a strategic review has renewed speculation in the company being a potential acquirer of Mead Johnson (MJN). Citi says a buyout of Mead is in the "realm of possibility," and it estimates the company is worth $120-$130 per share in a takeout. The firm raised its price target for Mead shares to $109 from $105 citing the company's revenue momentum following its Q2 results. Citi reiterates a Buy rating on Mead.
July 22, 2014
14:23 EDTDANOYMead Johnson jumps after WSJ says Danone started strategic review
Shares of Mead Johnson (MJN) are moving higher after the Wall Street Journal reported that Danone (DANOY) has launched a strategic review. The French company has asked its top managers to explore expansion opportunities, The Journal stated, citing a person familiar with the matter. Shares of Mead Johnson, which reported its Q2 earnings earlier today, spiked 5%, or $4.91, to $97.18 following the report. WhiteWave Foods (WWAV) also moved higher following the report.
14:15 EDTDANOYMead Johnson spikes after WSJ says Danone seeking expansion opportunities
13:47 EDTDANOYDanone unveils review to examine growth opportunities, WSJ says
Danone has unveiled a strategic review as CEO Franck Riboud looks to ensure its long-term growth, amid renewed speculation regarding whether the French company can survive as a stand-alone firm, according to The Wall Street Journal, citing a person familiar with the matter. Reference Link
July 18, 2014
06:26 EDTDANOYDanone to buy 40% stake in Brookside Dairy
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July 15, 2014
10:00 EDTDANOYOn The Fly: Analyst Upgrade Summary
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05:25 EDTDANOYDanone upgraded to Overweight from Equal Weight at Morgan Stanley
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