IMF economy warning reverses FTSE 100 gains despite Unilever’s best efforts July 26, 2022 A bleak set of projections from the International Monetary Fund (IMF) pegging UK growth as the worst in the G7 weighed on London markets today. The capital’s premier FTSE 100 index remained unchanged, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 1.18 per cent [...]
Unilever to sponsor Fifa Women’s World Cup after loss of Visit Saudi May 12, 2023 Unilever has entered into a sponsorship partnership with the Fifa Women’s World Cup which sees the global football tournament begin to replace the severed deal between the competition and Visit Saudi. Football’s governing body Fifa confirmed in March that the Saudi Arabian tourism board would no longer sponsor the major women’s event after a backlash [...]
With a new CEO stepping in, Unilever must now do the right thing and exit Russia July 4, 2023 Still operating in Russia currently means financing Putin's war in Ukraine. It's time for Unilever to face reality, end its hypocrisy and exit the country for good, writes Margaret Hodge
Unilever: New boss promises step-change after ‘flat volumes’ in half-year results July 25, 2023 Unilever made a modest profit in the first half of the year with turnover reaching €30.4bn (£26.2), as it was driven by sales in its personal care and beauty market.
Unilever makes mayo from food inflation as Ben & Jerry’s owner sales soar April 27, 2023 Unilever, owner of Ben & Jerry’s and Hellman’s Mayonaise, has raised its expectations for the rest of the year after strong sales off the back of rising prices. The conglomerate which deals in everything from beauty products to homeware and nutrition to ice cream, reported underlying sales growth was up 10.5 per cent to almost [...]
Google appoints former Unilever top brass as MD for the UK and Ireland December 9, 2022 Google has appointed the former top brass at Unilever as its new managing director for the UK and Ireland. American tech leader and entrepreneur Debbie Weinstein will look after the technology giant’s business in Britain from March 2023, saying it feels like “coming home”. Weinstein will take over from Ronan Harris, who joined the company [...]
FTSE 100 close: Unilever helps London index squeeze out gains as traders eye Fed and ECB July 25, 2023 London’s FTSE 100 has squeezed out gains in a busy day of company announcements ahead of the summer slow down. The capital’s premier index edged 0.17 per cent higher to 7,691.81 points, while the domestically-focused mid-cap FTSE 250 index, which is a better reflection of the health of the UK economy, was broadly flat at [...]
A year on from Mayonnaise-gate, Terry Smith mounts another attack on Unilever January 10, 2023 Legendary City investor Terry Smith has written another excoriating review of Unilever’s business performance, a year after he made headlines for criticising its focus on the “purpose” of Hellmann’s Mayonnaise. In his annual letter to shareholders, the Fundsmith chief lists a series of complaints about the consumer goods firm, saying it had failed to engage [...]
Unilever appoints new Dutch boss to deliver “step up” in performance at embattled giant January 30, 2023 A Dutch dairy boss who has sat as a non-executive board member at Unilever since last year will move into the CEO role at the consumer giant. Hein Schumacher has led the dairy firm Royal FrieslandCampina, an £11bn business operating in over 40 countries, since 2018. Schumacher’s appointment comes after embattled boss Alan Jope announced [...]
Unilever boss to step down from company by end of next year September 26, 2022 Unilever's chief executive Alan Jope has announced his intention to retire from the consumer goods giant at the end of 2023.