PRESS RELEASE: Time Warner and Unilever Renew Multi-year Strategic Partnership
13th Jul 2010 13:53
NEW YORK--(BUSINESS WIRE)--July 13, 2010-- Time Warner Inc. (NYSE: TWX) and Unilever (NYSE: UN) have entered into a multi-year strategic partnership which aligns Unilever's brands and marketing initiatives with the content and audiences of Time Warner's premier assets. This marks a renewal of a
Read moreLondon midday: Stocks kick on as inflation eases
13th Jul 2010 12:16
Inflation figures gave the London stock market a boost this morning and the Footsie ended the session close to its highest level for the day. Consumer price inflation (CPI) eased towards the Bank of England's target level of 2% in the year to June. helped by lower petrol prices. CPI annual inflati
Read moreMARKET TALK: Goldman Sachs Upgrades Unilever To Buy
13th Jul 2010 07:19
0619 GMT [Dow Jones] Goldman Sachs upgrades Unilever (UN) to buy from neutral as it believes the restructuring phase is coming to and end and the company is set for growth. Adds market is underestimating the returns and growth potential from Unilever's exposure to emerging markets and a reduction in
Read morePrudential Investors Approach C&WC Chairman - Source
8th Jul 2010 13:16
By Vladimir Guevarra and Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Cable & Wireless Communications PLC (CWC.LN) Chairman Richard Lapthorne has been approached by some key investors in Prudential PLC (PRU.LN) to replace the insurer's current Chairman Harvey McGrath, a perso
Read moreMARKET TALK: ABB, Credit Suisse Among Top Execution Nobel Picks
6th Jul 2010 11:18
1018 GMT [Dow Jones] Execution Nobel's top European picks going into the third quarter are ABB (ABB), Aviva (AV.LN), Cable & Wireless (CWC.LN), Centrica (CNA.LN), Credit Suisse (CS), Finmeccanica (FNC.MI), H&M (HM-B.SK), Lloyds (LYG), Mitchell & Butlers (MAB.LN), Prysmian (PRY.MI), Reed Elsevier (EN
Read morePAI, Carlyle Out Of Auction For Unilever Italian Unit-Sources
1st Jul 2010 14:35
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Buyout firms PAI Partners and Carlyle Group have withdrawn from the auction for Unilever PLC's (UL) Italian frozen food business ahead of the deadline for second round bids in mid-July, people familiar with the situation told Dow
Read moreSocial Media Takes Center Stage At Cannes Ad Festival
25th Jun 2010 18:04
By Ruth Bender Of DOW JONES NEWSWIRES PARIS (Dow Jones)--Advertising executives and clients gathered this week in the South of France all agreed on one thing: the key role of social media. The focal point this year's Cannes Lions Advertising Festival was the first-time appearance of Mark
Read moreOgilvy & Mather CEO Sees Ad Industry Back To Pre-Crisis In 2 Yrs
24th Jun 2010 17:49
By Ruth Bender Of DOW JONES NEWSWIRES CANNES, France (Dow Jones)--It will take another two years until the advertising industry returns to pre-crisis growth levels, even if the recovery came earlier than expected, the chief executive of Ogilvy & Mather, a unit of WPP PLC (WPP.LN), said Thursd
Read moreUPDATE:WPP CEO Says Ad Markets Improve But Some Clouds Remain
24th Jun 2010 11:27
(Adds details, background) By Ruth Bender Of DOW JONES NEWSWIRES CANNES, France (Dow Jones)--WPP PLC (WPP.LN) is running ahead of its budget both in terms of organic revenue and profit margins as advertising markets are improving across regions, Chief Executive Martin Sorrell told Dow
Read morePRESS RELEASE: Vindi Banga, Former Unilever Executive Board Member, Joins Clayton, Dubilier & Rice
24th Jun 2010 01:43
Former President of euro 40 Billion Global Foods, Home and Personal Care Categories to Become London-Based Operating Partner LONDON and NEW YORK, June 23 /PRNewswire/ -- Clayton, Dubilier & Rice, LLC today announced that Manvinder ("Vindi") Singh Banga, former President, Foods, Home and Persona
Read moreP&G's India Push Offers Growth But Comes With Hurdles
22nd Jun 2010 16:34
By Anjali Cordeiro Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Piyush Bhatt, a grocery shop owner in Pune, India, has seen more shoppers reach for Gillette razors, Tide detergent and Pantene shampoo, one indication that Procter & Gamble Co.'s (PG) recent push in that fast-growing market is
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 07:52
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] 0652 GMT [Dow Jones] Bank of America Merrill Lynch downgrades Unilever (UN) to neutral from buy. "We raise our 12-month price
Read moreMARKET TALK: BOA Merrill Lowers Unilever To Neutral
17th Jun 2010 07:52
0652 GMT [Dow Jones] Bank of America Merrill Lynch downgrades Unilever (UN) to neutral from buy. "We raise our 12-month price objective to EUR26.5 [from EUR25.0] to reflect the higher estimates but cut our rating to neutral reflecting lower relative upside within our consumer staples universe," says
Read moreMigros: May Replace Palm Oil Supplier IOI If Alleged Misconduct Proven
16th Jun 2010 09:37
JAKARTA (Dow Jones)--Switzerland's largest supermarket chain, Migros, said it will consider replacing its main palm oil supplier, IOI Corp. Bhd. (1961.KU) , if allegations the Malaysian plantation giant acquired land illegally and burned forests are proven. Environmental group Friends of the Ear
Read moreSara Lee To Sell Remaining Insecticides Business To SC Johnson
15th Jun 2010 13:49
DOW JONES NEWSWIRES Sara Lee Corp. (SLE) has reached an agreement to sell its remaining insecticides business to privately held household-products company S.C. Johnson & Son Inc. for EUR153.5 million ($188 million). The announcement came as the food maker moves to shed its noncore businesses
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