Unilever turns to ‘avocado mayonnaise’ as food weighs on profit ahead of spin-off Retail Unilever has turned to novel products including “avocado mayonnaise” in a bid to boost ailing sales in its food arm, which is poised to be spun off in a £33bn deal. The consumer goods giant upgraded its sales expectations but saw the performance of its food business and European operations drag on the group’s operating [...]
Terry Smith dubs weight-loss giant Novo Nordisk ‘investment disaster’ Investing Star stockpicker Terry Smith has dubbed weight-loss giant Novo Nordisk an “investment disaster” less than two years after he dumped his entire Diageo stake over fears that GLP-1 users would ditch alcohol. The veteran investment manager, who runs the Fundsmith Equity fund, has said that he regrets his investment in the Danish pharmaceutical firm. “Novo [...]
Unilever beats analyst expectations but food spin-off costs up to €500m Retail Unilever beat analyst expectations to record nearly three per cent volume growth, despite a €500m hit from its food spin-off and falling revenue. The FTSE 100 consumer goods giant said it will face between €400m and €500m (up to £433m) of “stranded costs” after it offloaded its food brands – including Marmite and Hellman’s – [...]
Unilever gets Marmite reaction to McCormick deal as investor fury spreads April 28, 2026 Unilever is facing a mounting investor backlash over its recent multibillion-pound tie-up with US food giant McCormick, with shareholders accusing the consumer goods behemoth of rushing the deal through without a vote and loading the new vehicle up with too much debt. Shareholders in the FTSE-100 conglomerate told City AM that they were supportive overall [...]