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United Kingdom

Nivedita Balu

Cosmetics giant Coty replaces CEO, chairman

12 Nov 2018

Coty Inc replaced its chief executive officer and chairman on Monday, days after the cosmetics giant rattled investors by warning that fiscal-year performance could be hurt by supply chain issues.

Low-carb Corona a winner in Constellation results beat

04 Oct 2018

Constellation Brands Inc raised its full-year profit forecast and reported better-than-expected quarterly sales and profit on Thursday, as it benefited from strong demand for Corona beers during the summer, sending its shares up as much as 7 percent.

Nike profit tops targets but margins disappoint some

26 Sep 2018

Nike Inc topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was not enough for some investors, sending shares down 4 percent after hours.

Sears' same-store sales losses narrow but warns it may go out of business

14 Sep 2018

Sears Holdings Corp reported a smaller decline in quarterly same-store sales on Thursday, but warned again that there is doubt about the company's continued operation as it awaits approval to sell some of its businesses to its chief executive's hedge fund.

UPDATE 2-Tesla's Musk smokes marijuana on comedy podcast

07 Sep 2018

Sept 7 Tesla Inc's Chief Exeuctive Officer Elon Musk provoked another Twitter storm on Friday after briefly smoking marijuana on a live web show with comedian Joe Rogan.

Novartis unloads U.S. assets at loss to bargain-hunting Aurobindo

06 Sep 2018

ZURICH/BENGALURU New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is selling U.S. dermatology and generic pill assets to India's Aurobindo Pharma Ltd for up to $1 billion.

CORRECTED-UPDATE 4-Campbell Soup CEO quits abruptly; firm to review portfolio, cuts forecast

29 Aug 2018

* U.S. soup sales had 4 straight years of declines under Morrison

CORRECTED-UPDATE 6-Campbell Soup CEO quits; company cuts forecast, to review portfolio (May 18)

29 Aug 2018

May 18 Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, as the company issued a bleak forecast for the year and said it would embark on a review of its many brands.

Sales at Gap brand stores worsen, shares fall

24 Aug 2018

Gap Inc's namesake brand reported a bigger-than-expected drop in quarterly same-store sales on Thursday, sending shares down nearly 7 percent in after-hours trade even as the apparel retailer beat Wall Street profit expectations and posted strong revenue.

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