Unilever turnover slumps in cooler weather July 25, 2019 Unilever reported a slump in turnover in the first half of 2019 as cooler weather impacted ice cream sales in Europe and the US. The figures Turnover fell 0.9 per cent to €26.1bn in the first half, the company said as it reported its half year and second quarter results this morning. Second quarter underlying [...]
Turnaround time for struggling food giant July 12, 2019 | City Talk By Rodney Hobson from interactive investor. The proof of the pudding lies with a new chief who looks set to sell off poor performers to boost spending on premium lines. A heavy burden lies on the shoulders of Miguel Patricio, who took over as chief executive officer of food and beverage giant Kraft Heinz (NASDAQ:KHC)last month. The reputation of [...]
Unilever invests in influencer marketing platform Creator IQ June 12, 2019 Unilever Ventures has partnered with TVC Capital to invest $12m (£9.4m) in influencer marketing platform Creator IQ as it looks to crack down on fraud in the industry. The investment comes a year after Unilever warned that fraud was undermining influencer marketing and vowed to improve integrity, transparency and measurement in the sector. Read more: [...]
Hiring disabled people is a trillion-dollar business opportunity May 29, 2019 Government figures show that over the past five years, some 930,000 disabled people have found employment – an increase of 7.4 per cent, compared with 3.8 per cent for non-disabled people. That serves a heady shot of optimism for people like me who live and work with a disability, especially when you consider that globally, disabled [...]
Atomic London wants to modernise the creative agency landscape and help solve marketing problems April 29, 2019 The big ad agencies are struggling. WPP’s challenges since Sir Martin Sorrell’s departure are well documented. Last week, it was reported that car rental company Hertz was suing its former marketing partner Accenture over a piece of shoddy web design. More broadly, brands are bringing their marketing in-house, denying revenue to agencies. For advertising executive [...]
City forum intervenes in Barclays’ battle with Bramson April 28, 2019 A forum for City investors has intervened in Barclays’ battle with activist investor Edward Bramson, ahead of the bank’s general meeting this week. Investor Forum has written to Barclays in recent weeks at the prompting of major institutional investors to raise a number of concerns, Sky News reported. The news comes before Barclays’ general meeting [...]
Unilever: Why there’s lots to like about this FTSE 100 star April 25, 2019 | City Talk By Graeme Evans from interactive investor. These first quarter numbers have been well received, and this market favourite still has lots to go for. Unilever (LSE:ULVR) shares surged to within a few pence of a record high last week as first-quarter trading figures heightened focus on whether this defensive and reliable dividend payer can offer [...]
Chief executive of struggling Kraft Heinz to step down April 22, 2019 Kraft Heinz has today announced that chief executive Bernardo Hees is to step down and be replaced by Miguel Patricio, an executive at drinks giant Anheuser-Busch InBev (AB InBev). Read more: Kraft Heinz share price plunges as SEC probe and losses spook Wall Street The US food company said that Patricio, who is Portuguese, will on 1 [...]
Unilever shares rise as sales grow in first quarter of 2019 April 18, 2019 Unilever’s turnover slumped in the first quarter of 2019 compared to the year before, it revealed today. Read more: Unilever warns of 'challenging' 2019 after sales miss Turnover fell 1.6 per cent to €12.4bn between January and March compared to the same period in 2018. The maker of Marmite and Dove soap blamed the disposal [...]
Tesco turnaround marks the milestone for Drastic Dave April 10, 2019 In the never-ending debate about executive pay, examples of failure are cited more frequently than cases of good value for money. Recently the likes of WPP, Persimmon and Ted Baker have all demonstrated how the actions of the top boss can dent the fortunes of a company and frustrate shareholders. But despairing investors now have [...]