Star stockpicker Terry Smith dumps entire Unilever holding after McCormick mega-merger Retail One of Britain’s best-known fund managers has dumped his holding in Unilever worth hundreds of millions of pounds, accusing the consumer goods giant of abandoning its traditional shareholders in favour of activist-driven deals like last month’s McCormick mega-deal. Terry Smith, the star stockpicker behind the £12.5bn Fundsmith Equity Fund, sold out of his position in [...]
Marmite maker Unilever creates food empire in $45bn merger Retail Unilever has sealed a $45bn merger of its food brands with US spice and seasoning giant McCormick, forging a $60bn food empire in which the London-based firm holds a majority stake. Unilever and its shareholders will own 65 per cent in the new body, with the firm receiving $15.7bn (£11.6bn) in cash and the equivalent [...]
Unilever freezes hiring as Iran war poses ‘significant challenges’ Retail FTSE 100 giant Unilever has placed a global freeze on hiring for at least three months as the Iran war wreaks havoc on global supply chains and fuel prices. The London-based business, which owns Dove soap and Hellman’s mayonnaise, told staff the ban on hiring will affect “all levels” of recruitment and was taken in [...]
Unilever food spin off gets marmite reception March 20, 2026 Unilever’s talks over selling its food business has been met with a marmite reception as analysts warned a deal may not pay off until the long-term. The FTSE 100 giant said on Friday it is in talks with US spice and seasoning maker McCormick over offloading its food brands, including Marmite and Hellman’s. The move [...]
Unilever confirms talks to sell food arm March 20, 2026 FTSE 100 giant Unilever has confirmed it is in talks to offload its foods business, which includes iconic brands like Hellman’s and Marmite. The mayonnaise-maker said it has received an offer from US seasoning manufacturer McCormick and is now in discussions with the firms. The company has been prioritising its €13bn (£11.2bn) beauty and personal [...]
Unilever to update on turnaround under new boss amid mounting trade pressure April 20, 2025 Unilever is expected to outline fresh details of its attempted turnaround this week, after replacing its chief executive in March. The consumer giant, which makes goods from Marmite to Dove soap, reports its first quarter results on the 24th April. Experts said the company could give more insight into its plans under new boss Fernando [...]
Unilever: Amsterdam chosen for primary ice cream listing in blow for London February 13, 2025 Shares in Dove and Marmite maker Unilever have dipped despite an uptick in profit, with some additional concern as London will miss out on the primary listing of its ice cream arm. Shares dipped more than seven per cent in early trades due to “exceptionally weak” guidance, analysts said. “Unfortunately for Unilever… the market doesn’t tend [...]
Unilever shares surge to the top of the FTSE 100 despite sales miss July 25, 2024 Dove and Marmite-maker Unilever missed its sales targets in the second quarter of the year as a turnaround plan from chief Hein Schumacher failed to convince customers.
Unilever kicks off £1.29bn buy-back as bosses look to boost share price May 17, 2024 The Dove-to-Marmite maker said the first tranche of a buyback programme announced in February will be worth up to €850m and will run from today until the end of August.