- Reuters•6 days ago
The best-performing mutual funds avoided explicit directional bets on the outcome of last month's UK vote to leave the European Union, sitting out the volatility by latching on early to large, defensive, dividend-paying blue chip stocks. This strategy has, so far at least, been the big winner post-referendum as UK stock markets stabilise after the sharp downdraft in the aftermath of the vote. For returns over the past month that capture the market's swings following the Brexit vote, however, that ratio has worsened significantly.
- Reuters•7 days ago
Perfume maker Coty Inc said on Thursday Camillo Pane would take over as chief executive in October, following the scheduled closing of its acquisition of Procter & Gamble Co's beauty business. Bart Becht, the current interim CEO and chairman, will continue to serve as chairman, the company said. Pane spent 20 years at Reckitt Benckiser Plc prior to joining Coty, where he is currently executive vice president of the company's category development.
|52wk Range||0.05 - 0.07|
|Day's Range||0.06 - 0.06|
|Avg Vol (3m)||43,685|
As of 1:31 PM EDT. Market closed.