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Stock Market & Financial Investment News

News Breaks
July 21, 2014
06:14 EDTTSCDY, UL, UNTesco 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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May 22, 2015
06:21 EDTTSCDYTesco to cut sugar content of soft drinks by 5% per year, The Independent says
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May 19, 2015
05:35 EDTUL, UNUnilever 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 10, 2015
20:11 EDTTSCDYNielsen expresses interest in Tesco Dunnhumby auction, Sunday Times says
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