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Trian seeks seat for Peltz on P&G board

Trian seeks seat for Peltz on P&G board

The fund, which owns about $3.3 billion of P&G's stock, urged shareholders to vote for Peltz at the company's shareholder meeting, citing his track record of working with managements to turn around consumer companies. In a bid to boost profits even as sales remain stagnant, P&G has sold unprofitable brands, including 41 beauty brands to Coty Inc , and focused on core brands such as Tide, Pampers and Gillette. Trian said in the filing it was launching the proxy fight because of P&G's continuing underperformance and the lack of tangible evidence that the company had embraced initiatives discussed at various meetings between the parties.


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Gold Daily Analysis – July 17, 2017

Gold prices rise on Monday morning after China second quarter GDP and retail sales figures for June were released above analysts expectations. U.S. inflation data raised concerns whether the Federal Reserve will raise its interest rates for a third time this year; as a result, gold prices climbed to two-week high on Friday. Gold is trading at 1230.25, +0.19%. Technical … Continue reading Gold Daily Analysis – July 17, 2017


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