Private equity CVC agrees £3.79bn deal for Unilever tea business November 18, 2021 Private equity firm CVC has agreed to buy Unilever’s tea arm for £3.79bn (€4.5bn), it has been announced.
Unilever warns for ‘elevated’ cost inflation despite growth boost in US, China and India October 21, 2021 Consumer goods giant Unilever has reported a rise in sales for the past quarter as the firm warned it expects “strongly elevated” cost inflation to continue into next year. The Marmite and Ben & Jerry’s manufacturer reported a 2.5 per cent increase in underlying sales for the third quarter of 2021. It said it was [...]
Unilever remote staff must have 24-hour commute to the office September 26, 2021 Unilever has told its remote workers they must not stray too far from the office and should live within a 24-hour commute. The Dove owner has told employees they must be able to come into the office at a day’s notice if required for an emergency meeting. The company has defined a 24-hour trip as [...]
Unilever hit by rising commodity prices despite positive sales growth July 22, 2021 Consumer goods giant Unilever has drawn back its full-year operating margin forecast as commodity costs have surged in the past six months. The group, which owns Dove and Hellmann’s, turned over €25.8bn in its half-year results – just 0.3 per cent more than last year. However, the group has already raked in a further €13.5bn [...]
‘Severe consequences’: Israel warns Unilever against Ben & Jerry’s West Bank boycott July 20, 2021 Israel has warned consumer goods giant Unilever of “severe consequences” if its subsidiary Ben & Jerry’s upholds its decision to boycott the West Bank. Vermont-based ice cream company Ben & Jerry’s said it plans to stop selling ice cream in Israeli-occupied territories yesterday. However, Israel’s prime minister Naftali Bennett urged the US to invoke anti-boycott [...]
Retail investors back Rio Tinto climate accountable proposals April 6, 2021 Retail investors have backed climate accountable proposals from Rio Tinto, which the miner will vote on this Friday, as accountability is pushed higher on this year’s agenda. 71.5 per cent of retail investors have called for chairs and CEOs of the mining giant to be held to account on Environments, Social and Governance (ESG) standards, [...]
Saturday Read: Investors are fleeing Myanmar as coup grows more deadly March 6, 2021 The world’s largest sovereign wealth fund, the Norwegian central bank, has put Japanese Kirin Holdings on a watch list for possible exclusion due to its ties to Myanmar’s military, in light of the recent coup and ongoing unrest in the country. The Japanese beverage group Kirin has a partnership and $1.7bn controlling stake in Myanmar [...]
Unilever restores confidence as sales jump 3.5 per cent February 4, 2021 Consumer goods giant Unilever today reported underlying sales growth for the fourth quarter, buoyed by strong demand in emerging markets. Sales rose 3.5 per cent for the owner of Persil, Dove and Marmite, meeting analyst predictions. For the full year, sales grew by 1.9 per cent but turnover and underlying profit dropped 2.4 per cent [...]
Unilever to ensure suppliers pay living wage by 2030 in new social change drive January 21, 2021 Unilever this morning set out plans to ensure all workers in its supply chain are paid a living wage by 2030 as part of a new wide-ranging social mobility agenda spurred on by the pandemic and the Black Lives Matter movement. The consumer goods giant said its ambition is “to improve living standards for low-paid [...]
Volatility was the name of the game in 2020: What were the most popular sectors, funds and shares? January 4, 2021 Volatility was the name of the game in 2020 as the pandemic wreaked havoc across the globe. The spread of Covid-19 was a shock to the financial system, stock markets plunged and companies battened up the hatches. Despite the vaccine breakthroughs markets are still deep in a tunnel of uncertainty about when the global economy [...]