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Stock Market & Financial Investment News

News Breaks
May 19, 2014
15:30 EDTULUnilever simplifies PLC share structure with rights repurchase
Unilever announced that it has purchased, for a consideration of GBP715M, the rights left in family trusts by William Hesketh Lever which are convertible in 2038 into about 70.9M Unilever PLC ordinary shares. The consideration is equivalent to GBP10.09 per ordinary share and represents a discount of 63% to the closing share price on Friday May 16. As a result of this transaction core earnings per share will be enhanced by 2% on a full year basis as the fully diluted share count used in the calculation is reduced by 70.875M shares, or 2.4% of the combined Unilever Group total.
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July 30, 2014
16:53 EDTULUnilever downgraded to Neutral from Buy at Goldman
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July 24, 2014
05:53 EDTULUnilever reports Q2 underlying sales growth 3.8%
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July 21, 2014
06:14 EDTULTesco names Unilever's Dave Lewis as CEO, effective October 1
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