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Stock Market & Financial Investment News

News Breaks
July 7, 2014
06:24 EDTMANU, NKENike paid GBP 1M for selling GBP 100M of ManU replica kits, The Independent says
Nike (NKE) paid only GBP 1M in taxes for the past five years on its GBP 100M in Manchester United (MANU) replicak kits saies, reports The Independent. According to accounts filed with Companies House, the company funneled cloes to GBP 40M during the time to its Dutch business despite making most of its money in the U.K. Reference Link
News For NKE;MANU 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 EDTNKESkechers 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."

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