PAI Partners Mulls Sale Of 50% Stake In Yoplait -Source
22nd Jul 2010 15:37
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--PAI Partners is considering a sale of its 50% stake in French dairy products company Yoplait and is asking investment banks to pitch for the business which will initially involve evaluating the company before the buyout firm deci
Read moreMARKET TALK: S&P Equity Research Cuts Unilever Price Target
20th Jul 2010 17:43
1643 GMT [Dow Jones] S&P Equity Research cuts Unilever (ULVR.LN) price target to 2000p from 2150p following recent declines in peers' valuation multiples. Notes the company's agreement, subject to EU anti-trust clearance, to sell its Findus Italy frozen foods activities to the Birds Eye Iglo busines
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
20th Jul 2010 17:43
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1643 GMT [Dow Jones] S&P Equity Research cuts Unilever (ULVR.LN) price target to 2000p from 2150p following recent declines i
Read morePREVIEW: ITC 1Q Profit Growth Likely Strong, Hindustan Unilever Could Slip
20th Jul 2010 10:44
By Rumman Ahmed Of DOW JONES NEWSWIRES TAKING THE PULSE: Indian cigarette maker ITC Ltd. is expected to report strong earnings growth for its first quarter through June, while consumer goods company Hindustan Unilever Ltd. is likely to post a marginal dip in profit. Analysts said revenue
Read moreTuesday tips round-up: Debenhams, International Power, Unilever
20th Jul 2010 06:43
Department store Debenhams has proved an object lesson in why not to buy assets from private equity. Many believe it queered the pitch for other IPOs for several years thereafter. Given the lifting of the burden of debt and the more attractive lending terms on offer there is a good prospect of a r
Read moreUPDATE: Unilever Sells Italian Unit To Permira For EUR805M
19th Jul 2010 12:21
(Adds comment, background.) By Michael Carolan and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Anglo-Dutch consumer goods giant Unilever PLC (UN, UL) said Monday it is selling its Italian frozen food business to Permira's Birds Eye Iglo for EUR805 million, ending a hotly
Read moreUnilever sells Findus Italy for €805m
19th Jul 2010 11:07
Food and household goods giant Unilever has agreed to sell its Italian frozen foods business Findus to Birds Eye Iglo, the European group of companies that owns the Birds Eye brand in the UK, for €805m. James Hill, chairman of Unilever Italy, said that the sale would leave it in a better position t
Read moreUnilever Sells Italian Unit To Permira For EUR805M
19th Jul 2010 09:28
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Anglo-Dutch consumer goods giant Unilever PLC (UN, UL) said Monday it is selling its Italian frozen food business to Permira's Birds Eye Iglo for EUR805 million. The deal comprises a factory in Cisterna, Italy, which produces
Read moreUnilever To Sell Findus Italy To Birds Eye Iglo For EUR805M
19th Jul 2010 09:20
LONDON (Dow Jones)--Unilever PLC (ULVR.LN), the consumer goods firm whose products include Wall's ice cream, Dove, Lynx, Surf and Domestos, said Monday it has signed a binding agreement to sell its Italian Frozen Foods business, Findus to a company in which Birds Eye Iglo has a significant stake, fo
Read moreMonday newspaper round-up: AIA, International Power, BT
19th Jul 2010 06:43
Mark Tucker, the former chief executive of Prudential, has been parachuted in as the new boss of AIA, the Asian insurer that its British peer tried and failed to buy for $35.5bn. In a surprise coup for AIA, Mr Tucker will be executive chairman and chief executive of the embattled group, which is ow
Read moreUnilever In Talks To Sell Findus Italy To Birds Eye Iglo - Report
18th Jul 2010 23:45
DOW JONES NEWSWIRES Birds Eye Iglo is expected to buy the Unilever's (UN, ULVR.LN) Italian frozen food business, The Financial Times reports on its website Sunday. According to the report, the total value of the deal will surpass EUR800 million. The FT said the deal for Findus Italy was still t
Read morePermira, Lion Submit Final Bids For Unilever Unit - Sources
14th Jul 2010 17:39
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--London-based buyout firms Permira and Lion Capital remain frontrunners to buy Unilever PLC's (UL) Italian frozen food business after submitting binding bids by Tuesday's deadline, people familiar with the situation told Dow Jones
Read moreADR REPORT: Shares Climb On Strong Start To Earnings Season
13th Jul 2010 21:28
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended broadly higher Tuesday after better-than-expected earnings from early bellwethers boosted sentiment. Upbeat quarterly results from aluminium giant Alcoa Inc. (AA) and railroad o
Read moreLondon close: Triple digit gains
13th Jul 2010 16:31
Footsie's gains exceeded the triple-digit level at trading's close after optimism engendered by an upbeat start to the US results season. Aluminium giant Alcoa posted profits ahead of expectations last night. Here, product testing company Intertek is benefitting from Merrill Lynch lifting its pric
Read moreLondon afternoon: Good start to US results season lifts UK
13th Jul 2010 14:30
Footsie has risen steadily throughout the day, riding a wave of optimism after aluminium giant Alcoa got the second quarter results season in the US off to a strong start, while Merrill Lynch further aided sentiment by talking down the chances of the global economy experiencing a double-dip recessio
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