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Stock Market & Financial Investment News

News Breaks
July 14, 2014
08:01 EDTMANU, NKE, ADDYYManchester United reaches agreement with Adidas
Manchester United (MANU) has reached a ten year agreement with Adidas (ADDYY) for a global technical sponsorship and dual branded licensing deal for a minimum guarantee of GBP750M, subject to certain adjustments, beginning with the 2015-2016 campaign. For the 2014-2015 season, Nike (NKE) will continue in its role of technical sponsor and trademark licensee.
News For MANU;ADDYY;NKE From The Last 14 Days
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May 21, 2015
09:58 EDTNKEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alibaba (BABA) initiated with an Outperform at Bernstein... Alkermes (ALKS) initiated with an Overweight at Barclays... Burlington Stores (BURL) initiated with an Outperform at FBR Capital... Crocs (CROX) initiated with a Neutral at B. Riley... Darling (DAR) initiated with a Buy at Roth Capital... Dynegy (DYN) initiated with an Outperform at RBC Capital... Esperion (ESPR) initiated with an Overweight at Barclays... Five Below (FIVE) initiated with a Market Perform at FBR Capital... Intercept (ICPT) initiated with an Overweight, $450 target at Barclays... Johnson Matthey (JMPLY) initiated with a Buy at Jefferies... Nike (NKE) initiated with a Buy at Jefferies... RTI Surgical (RTIX) initiated with a Buy at Sidoti... TeleNav (TNAV) initiated with an Outperform at Northland... Trevena (TRVN) initiated with an Equal Weight at Barclays... Vectrus (VEC) initiated with a Hold at Stifel.
05:44 EDTNKENike initiated with a Buy at Jefferies
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May 19, 2015
07:27 EDTADDYY, NKESkechers moves into second place in U.S. sports footwear market, WSJ says
Skechers (SKX) moved past Adidas (ADDYY) and into second place, behind Nike (NKE), in the U.S. athletic footwear market, reports the Wall Street Journal. Reference Link
May 14, 2015
07:06 EDTMANUManchester United sees 2015 revenue GBP385M-GBP395M
Raises 2015 EBITDA outlook to GBP103M-GBP110M from GBP90M-GBP95M. The company said, "Our commercial revenues were up year over year and we are raising EBITDA guidance for fiscal year 2015 from 90-95 million to 103-110 million."
07:04 EDTMANUManchester United reports Q3 adjusted net income (GBP7.1M) vs. GBP13M last year
Reports Q3 revenue GBP95M vs. GBP115.5M last year. The company said, "Matchday revenue for the third quarter was 25.5 million, a decrease of 11.6 million, or 31.3%, over the prior year quarter, primarily due to two fewer FAPL home games in the current quarter and non-participation in the UEFA Champions League."
06:38 EDTADDYYadidas sees India among top five markets by 2020, Times of India says
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May 12, 2015
08:28 EDTADDYYadidas CEO says no approach made on large stake or takeover, Reuters says
Despite a Manager Magazin report last September that activist investors were considering taking a stake in adidas and pushing for change, CEO Herbert Hainer told journalists that "nobody has approached us because they want to buy the company or buy a large number of shares," according to Reuters. Adidas' CEO defended the hiring of Perella Weinberg Partners as advisers to help fend off any potential hostile bids, stating that the company "just [wants] to make sure that anybody who invests has the right intentions," the report added. Reference Link

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