M&G Investments adds to pressure on Unilever to back down on abandoning London PLC September 18, 2018 M&G Investments today became the latest major investor to threaten to vote against Unilever's decision to abandon its London PLC in favour of a new Dutch holding company. The maker of Marmite and Dove soap is under severe pressure from City investors, who fear they could be forced to sell the shares in funds limited [...]
Unilever facing growing shareholder revolt over plans to abandon London PLC September 17, 2018 Consumer goods giant Unilever is facing shareholder revolt over plans to move its headquarters from London to the Netherlands, with more City investors saying they will vote against the decision. Brewin Dolphin today became the latest investment manager in the Square Mile to object to the move, which will see the FTSE 100 stalwart leave [...]
Unilever shareholder threatens to vote down Dutch headquarter move September 17, 2018 Unilever's plan to move its headquarters from London to the Netherlands and be removed from the FTSE 100 was sharply criticised by a top shareholder today. Top 20 investor Aviva, which holds around a 0.6 per cent stake in the company, said it would vote against the move, which requires 75 per cent of shareholders to be passed. Read more: [...]
Unilever shareholder in ‘revolt’ over tax risks associated with Amsterdam move September 15, 2018 A shareholder in Unilever has hinted it could vote against the consumer giant's plan to move its headquarters to Amsterdam to simplify its corporate structure. The Times reported that Lindsell Train, Unilever's third largest shareholder, could vote against the move on the grounds that it would result in the forced sale of Unilever shares and mean [...]
Unilever and ad:tech open $50,000 search for startup innovations with Next Big Thing competition August 18, 2015 Unilever is on the hunt for fresh innovations, as the company is hoping to find new startups to team up with through the “Next Big Thing” competition, organised by ad:tech London. 15 startups will be shortlisted for the award, and at the final in October, they’ll get the change to pitch to brands and agencies. [...]
Utopian Unilever is making waves: Boss Paul Polman is pushing an ethical agenda, but is it working? July 23, 2015 The website still exists but looks dated. SaveBenandJerrys.com, a grassroots campaign website with comic sans font, tried to stop ethical ice cream brand Ben and Jerry’s being scooped up by corporate giant Unilever in 2000. Yet 15 years after the consumer giant’s $326m takeover, the howls of protest appear a strange anachronism after moves [...]
Unilever share price jumps after sales beat expectations again July 23, 2015 Unilever's share price jumped this morning after proving its critics wrong as sales beat analyst expectations. The figures Consumer goods giant Unilever once again beat revenue forecasts in the second quarter, with total turnover rising by 2.9 per cent to €14.2bn (£9.93bn). The better than expected results triggered a 2.8 per cent share price rise [...]
Weak euro helps Unilever deliver better-than-expected sales growth April 16, 2015 The figures The slowdown in emerging markets hasn't stopped Unilever from recording a 12.3 per cent increase in turnover to €12.8bn (£9.22bn) in the first quarter of 2015. Even when your economy isn't growing as rapidly as it once did – looking good still remains a priority. Shares rose by over three per cent in [...]
Unilever sales disappoint after China slowdown January 20, 2015 CONSUMER goods giant Unilever reported lower-than-expected fourth quarter sales yesterday as it continued to grapple with a slowdown in demand for its products in emerging markets, particularly in China. The owner of Lipton tea and Dove soap said like-for-like sales rose by 2.1 per cent in the fourth quarter, in line with the third quarter, [...]
Unilever sales miss expectations – and there’s more of the same in 2015 January 20, 2015 Times remain tough at consumer goods giant Unilever as sales growth remained at its slowest in five years. Underlying sales at the owner of Ben & Jerry’s and Hellmann’s mayonnaise remained unchanged from their third quarter, growing 2.1 per cent in the fourth quarter, below analyst expectations. Overall, sales grew 2.9 per cent in 2014, [...]