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Stock Market & Financial Investment News

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July 25, 2014
08:20 EDTDANOYDanone reports Q2 like-for-like sales up 2.3% to EUR5.41B
Danone reports Q2 consolidated sales declined 5.5% to total EUR5.406B. Excluding the impact of changes in the basis for comparison, which include exchange rates and scope of consolidation, sales were up 2.3%. This organic growth reflects a 3.9% decrease in sales volume and a 6.2% rise in value. First half underlying fully diluted EPS totaled EUR1.16, down 11.1% like-for-like from the first half of 2013. The company said, “The first half of the year was particularly eventful, and had all of our teams 100% mobilized. First, we responded to record milk prices with key initiatives in various fields —pricing, mix, cost-cutting measures—, all designed to rebuild margins that had come under serious pressure in the first quarter. And these efforts paid off."
News For DANOY From The Last 14 Days
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October 31, 2014
08:53 EDTDANOYDanone acquisition less likely after Yashili stake, says Citigroup
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08:52 EDTDANOYMead Johnson drops after Danone invests in Chinese milk powder maker
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06:18 EDTDANOYDanone to buy 25% stake in Chinese milk powder maker Yashili
Danone, Mengniu and Yashili announced that they have signed an agreement allowing Danone to take part in a private placement by Yashili totaling EUR 437M, at a price of HK$3.70 per share. The transaction will give Danone an equity stake of 25% in Yashili, which is one of the People’s Republic of China’s main infant milk companies. As part of this agreement, Danone will recommend candidates to serve as Yashili’s CEO. Through this alliance, Danone, Mengniu and Yashili intend to expand and strengthen their cooperation in the infant milk formula business in the People’s Republic of China. The parties will study the possibility of an equity investment in Danone’s subsidiary Dumex China with a comparable minority stake. This transaction extends the scope of the strategic alliance in fresh dairy products first established in 2013 between Mengniu, Danone and COFCO, China’s leading state-owned company in the food sector.
October 30, 2014
08:28 EDTDANOYDanone upgraded to Buy from Neutral at Citigroup (yesterday)
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October 20, 2014
16:20 EDTDANOYOn The Fly: Closing Wrap
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12:37 EDTDANOYOn The Fly: Midday Wrap
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10:14 EDTDANOYMead Johnson volatility elevated, Danone not carrying out a review for takeover
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09:22 EDTDANOYOn The Fly: Pre-market Movers
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06:00 EDTDANOYDanone acquisition of Mead would not be well received, says Bernstein
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October 19, 2014
14:18 EDTDANOYFresenius, others explore bid for Danone medical nutrition unit, Reuters says
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13:21 EDTDANOYDanone says not carrying out review on Mead Johnson takeover, Reuters says
In response to reports on Friday that French food company Danone (DANOY) was pursuing a takeover of pediatric nutrition company Mead Johnson (MJN), Danone made a statement on Sunday saying that it was not carrying out a review of a Mead Johnson takeover, says Reuters. Reference Link
October 17, 2014
16:17 EDTDANOYOn The Fly: Closing Wrap
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12:57 EDTDANOYDanone to pursue takeover of Mead Johnson, sources say, Reuters reports
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12:36 EDTDANOYDanone will pursue Mead Johnson takeover, sources say, Reuters reports
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