Stock Market

Kraft Heinz pulls out of Unilever bidding process

Kraft Heinz pulls out of Unilever bidding process

By Simon Pitman

Food giant Kraft Heinz has pulled out of the bidding process for Anglo-Dutch consumer player Unilever after its $143 billion (€134 billion) bid was turned down at the end of last week.

Hoax! Oprah is not about to invest in Avon

Hoax! Oprah is not about to invest in Avon

By Simon Pitman

Avon stock prices soared by as much as 17% yesterday as rumors circulated that Oprah Winfrey wanted to invest in the cosmetics giant – a story that has proved to be a hoax.

Will Avon’s challenges threaten its chances of outside investment?

Will Avon’s challenges threaten its chances of outside investment?

By Simon Pitman

Avon continues to fight against seemingly never-ending challenges that have battered the company’s stock market performance. Just in the month of September share prices plummeted more than 37%, leading experts to question the possibility of outside investment.

SEC to sue trader over fake Avon bid

SEC to sue trader over fake Avon bid

By Simon Pitman

The US Stock Exchange Commission has confirmed that it is to sue the Bulgarian trader who filed fake documents purporting to a takeover bid for Avon Products.

Avon boosted by bogus private equity bid

Avon boosted by bogus private equity bid

By Simon Pitman

The big news last week was a fictional private equity company that filed an SEC document claiming it was about to buy up struggling Avon Products. But what few people expected was positive repercussions.

Nestlé sells shares back to L’Oréal

Nestlé sells shares back to L’Oréal

By Andrew MCDOUGALL

L’Oréal will buy back 48.5 million of its shares from Nestlé for €6.5 billion in a move which lowers the food group’s stake in the company; although the Swiss firm says it is staying in the agreement for the long haul.

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