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Stock Market & Financial Investment News

News Breaks
July 21, 2014
06:14 EDTUL, UN, TSCDYTesco names Unilever's Dave Lewis as CEO, effective October 1
Tesco (TSCDY) announces that Dave Lewis will join the Board of Tesco on October 1 as CEO in succession to Philip Clarke. Philip Clarke will continue as CEO until that date when he will step down from the Board but will continue to be available to support the transition until the end of January 2015. Lewis, was previously President, Personal Care at Unilever (UN, UL). Tesco says "urrent trading conditions are more challenging than we anticipated at the time of our first quarter interim management statement on June 4. The overall market is weaker and, combined with the increasing investments we are making to improve the customer offer and to build long term loyalty, this means that sales and trading profit in the first half of the year are somewhat below expectations. The outlook for the full year will be influenced by the extent to which benefits from the investments we are making begin to be seen; by conditions in the overall market; and by any steps that may be taken during the remainder of the year to improve our customer offer further."
News For TSCDY;UN;UL From The Last 14 Days
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December 18, 2014
18:06 EDTULUnilever withdraws lawsuit against Hampton Creek
Unilever U.S. has withdrawn its lawsuit against Hampton Creek over the labeling of its Just Mayo product.
10:07 EDTUL, UNFrance's antitrust authority fines Colgate, Unilever, P&G, WSJ reports
France's Autorité de la Concurrence has fined consumer product companies including Unilever (UN, UL), Procter & Gamble (PG), Reckitt Benckister (RGBLY) and Colgate (CL) a total of EUR345.2M for anticompetitive practices between 2003-2006, The Wall Street Journal reports. L'Oreal (LRLCY), Gillette and Beiersdorf were fined EUR605.9M in total. Reference Link

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