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 [...]
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 [...]
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 [...]
Investors round on Unilever’s ‘health blind spot’ in fresh wave of attacks January 20, 2022 Unilever has come under fire from a group of leading investors for its unhealthy food products, following a week of intense criticism.
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.
Ben & Jerry’s owner Unilever warns of shoppers buying less as inflation bites budgets October 27, 2022 Dove maker Unilever has seen consumers buying less of products after price hikes, as the consumer goods titan has ushered in record price rises. Prices increased by 12.5 per cent in the period, the brand’s highest ever hike, as consumers battle cost increases in every corner of life. The London-listed consumer goods giant admitted price [...]
Unilever boosts sales growth guidance and suggests not the end of price hikes July 26, 2022 Consumer goods giant Unilever has seen sales propelled more than eight per cent after hiking prices of food and drink to mitigate cost increases. Underlying sales growth of 8.1 per cent was “driven by strong pricing to mitigate input cost inflation, which, as expected, had some impact on volume,” Alan Jope, chief executive officer said [...]
Unilever sees sales and turnover rise as it hikes prices April 28, 2022 Unilever has enjoyed rising sales and turnover levels in the first few months of the year, as it rewards shareholders with a maintained dividend of €0.42 apiece. The consumer goods giant, behind some of Britain’s most loved products such as Ben & Jerrys, Dove, Helmann’s and Magnum, had its turnover jump by nearly 12 per [...]
Notorious activist Nelson Peltz takes board seat at Unilever May 31, 2022 Notorious activist investor Nelson Peltz has been appointed to the board of Unilever today after building a stake through his firm Trian Fund Management earlier this year.