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Stock Market & Financial Investment News

News Breaks
February 25, 2014
05:37 EDTPG, ULProcter & Gamble, Unilever battle over hair care, WSJ reports
Hair care is now a battleground for consumer goods companies in developed markets like the U.S. and Western Europe, reports the Wall Street Journal. The products provides strong profit margins and the potential for innovation through adding minor ingredients. But those margins are under threat, as Unilever (UL) and Procter & Gamble (PG) trade accusations of starting a shampoo discounting war in the U.S. Reference Link
News For PG;UL From The Last 14 Days
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May 26, 2015
06:24 EDTPGL'Oreal not interested in buying P&G's Wells business, Reuters reports
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May 22, 2015
13:49 EDTPGHenkel seen in lead for Procter & Gamble's Wella brand, Bloomberg says
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12:48 EDTPGHenkel seen in lead for Procter & Gamble's Wella brand, Bloomberg says
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08:12 EDTPGProcter & Gamble should consider break-up, says Bernstein
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May 21, 2015
10:26 EDTPGDesigner Parfums, LUXE Brands to purchase Frederic Fekkai brand from P&G
Designer Parfums and LUXE Brands announced they have collaborated to form a joint venture to acquire the Frdric Fekkai luxury hair care brand and salons from Procter & Gamble, effective June 30. The Fekkai business comprises a range of hair products and seven salons in New York, Connecticut, Florida, Texas and California. Approximately 225 people are currently employed in the salon business; they are expected to transfer to the newly formed entity.
May 19, 2015
05:35 EDTULUnilever says CFO Jean-Marc Hut to step down in October
Unilever announced that its CFO, Jean-Marc Hut, has decided to step down from his role and the boards of Unilever. Hut, who joined Unilever in January 2010, will leave Unilever with effect from October 1. Unilever also announced that Graeme Pitkethly will succeed Hut as CFO with effect from October 1. Pitkethly will become a member of the Unilever Leadership Executive and he will be proposed for election to the boards at the annual meetings in April 2016. Pitkethly joined Unilever in 2002 and is currently Executive Vice President of the Unilever UK and Ireland business and prior to this he has held a number of senior financial roles within Unilever, including Head of M&A, Head of Treasury, Pensions and Tax and Chief Financial Officer of Unilever Indonesia.
May 18, 2015
08:52 EDTPGProcter & Gamble removed from US Focus List at Credit Suisse
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May 15, 2015
07:38 EDTPGP&G fighting lawsuits over laundry-pod poisonings, WSJ reports
Procter & Gamble (PG), which has a commanding spot in the laundry-pod market and has put the products at the center of its laundry strategy, is defending itself against several lawsuits alleging injuries from the products, reported The Wall Street Journal. The Journal noted it reviewed data showing that at least seven people, including four last year and one earlier this year, have died after biting into laundry-pods. A P&G spokesman said there are indications that the rate of accidents relative to the number of pods sold is declining since 2012, when the products were first introduced in the U.S. Reference Link

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