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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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January 28, 2015
09:29 EDTTSCDYTesco to close 43 stores, 2,000 jobs at risk, Independent says
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January 26, 2015
11:44 EDTTSCDYTesco to close Blinkbox Books service by end of February, FT reports
Tesco will close its Blinkbox Books e-book-selling service by the end of February, The Financial Times reports. The company, which has been divesting non-core units, had previously been in talks with Waterstones to sell the service. Reference Link
10:00 EDTULOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Axle (AXL) upgraded to Overweight from Neutral at JPMorgan... Bed Bath & Beyond (BBBY) upgraded to Outperform from Perform at Oppenheimer... DRDGOLD (DRD) upgraded to Neutral from Underweight at JPMorgan... DealerTrack (TRAK) upgraded to Buy from Hold at Stifel... DreamWorks Animation (DWA) upgraded to Buy from Neutral at B. Riley... First Niagara (FNFG) upgraded to Buy from Hold at Jefferies... Fortinet (FTNT) upgraded to Buy from Neutral at Citigroup... Garmin (GRMN) upgraded at RBC Capital... Harmony Gold (HMY) upgraded to Overweight from Neutral at JPMorgan... Invesco (IVZ) upgraded to Positive from Neutral at Susquehanna... Kansas City Southern (KSU) upgraded at Raymond James... McDonald's (MCD) upgraded to Overweight from Equal Weight at Stephens... Melco Crown (MPEL) upgraded to Buy from Hold at Union Gaming... Monro Muffler (MNRO) upgraded to Neutral from Reduce at SunTrust... Pier 1 Imports (PIR) upgraded to Outperform from Perform at Oppenheimer... Piper Jaffray (PJC) upgraded to Neutral from Underperform at Macquarie... Randgold (GOLD) upgraded to Overweight from Neutral at JPMorgan... Rockwell Collins (COL) upgraded to Buy from Hold at Argus... Telefonica (TEF) upgraded to Neutral from Underperform at BofA/Merrill... Triumph Group (TGI) upgraded at RBC Capital... Unilever (UL) upgraded to Buy from Underperform at BofA/Merrill... WWE (WWE) upgraded to Neutral from Underperform at Macquarie.
07:29 EDTULUnilever upgraded to Buy from Underperform at BofA/Merrill
January 21, 2015
12:46 EDTTSCDYTesco narrows down chairman candidates, FT reports
Tesco has narrowed down its shortlist of candidates for the chairman role to two, three sources tell The Financial Times. Sir Ian Cheshire, the former CEO of Kingfisher, as well as Barratt Chairman and Dixons Carphone co-deputy Chairman John Allan are said to be vying for the role of Tesco's new chairman, the sources say. Reference Link
January 20, 2015
05:32 EDTULUnilever sees FY15 performance similar to FY14
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05:31 EDTULUnilever reports Q4 underlying sales growth up 2.1%
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January 19, 2015
06:35 EDTTSCDYTesco upgraded to Overweight from Equal Weight at Morgan Stanley

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