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Stock Market & Financial Investment News

News Breaks
February 19, 2013
05:55 EDTDANOYDanone confirms plan to cut 900 jobs across 26 European countries
To address a lasting downturn in the European economy and consumer trends that have led to a significant decline in its sales in the region, Danone announced on December 13, 2012 that it was preparing a cost-reduction and adaptation plan for its organizations to win back its competitive edge. The project calls for three major changes: 1. A reduction by approximately half of management units, achieved by combining teams from several countries into multi-country units. 2. The combination within subsidiaries of several management functions that currently operate separately. 3. Focusing each level of management on missions and projects that have a direct impact on business growth. The proposed plan would lead to the suppression of around 900 management and administrative positions across 26 European countries and will be conducted in contact with all works councils representatives, at both European and local level. It will be deployed over a two-year period.
News For DANOY From The Last 14 Days
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February 20, 2015
06:25 EDTDANOYDanone board to ask shareholders to approve increased dividend of EUR1.50
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06:24 EDTDANOYDanone targets 2015 organic growth in sales of between 4%-5%
Danone assumes that economic conditions will remain difficult and unstable overall, with fragile or even deflationary consumer trends in Europe, emerging markets undermined by volatile currencies, and difficulties specific to a few major markets, in particular the CIS. In 2015, Danone also anticipates marked but varied trends in the cost of major strategic raw materials, particularly milk; lower prices in Europe and the United States in the first half, with a rebound likely in the second half of the year, and gradual price increases in emerging countries all year long. Altogether, Danone anticipates a moderate rise in the cost of main raw materials and packaging in 2015. Sees slight growth in trading operating margin in 2015.
06:22 EDTDANOYDanone reports FY14 EPS EUR2.62
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06:18 EDTDANOYDanone warns of volatility in years ahead, sees 'difficult' conditions in 2015
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February 18, 2015
10:05 EDTDANOYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Agnico Eagle (AEM) upgraded to Overweight from Neutral at JPMorgan... Amarin (AMRN) upgraded to Buy from Neutral at SunTrust... Capital Product (CPLP) upgraded to Accumulate from Neutral at Global Hunter... Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup... Danone (DANOY) upgraded to Neutral from Underperform at Exane BNP Paribas... Express (EXPR) upgraded on lower promotional activity at Piper Jaffray... Kforce (KFRC) upgraded to Outperform from Market Perform at Avondale... Legg Mason (LM) upgraded to Buy from Hold at Jefferies... Rackspace (RAX) upgraded following Q4 results at Pacific Crest... Rosetta Resources (ROSE) upgraded to Buy from Neutral at Global Hunter... SeaChange (SEAC) upgraded to Buy from Hold at Noble Financial... Valero (VLO) upgraded to Outperform from Neutral at Credit Suisse... Veeco (VECO) upgraded to Buy from Hold at Noble Financial... Wolverine World Wide (WWW) upgraded to Neutral from Underperform at Sterne Agee.
06:01 EDTDANOYDanone upgraded to Neutral from Underperform at Exane BNP Paribas
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