Unilever spins off Flora and Bertolli spreads into a separate business December 4, 2014 Unilever is spinning off its butter division into a separate standalone business as it dragged on the consumer giant’s growth. Its spread brands, including Flora and Bertolli, will form a new division by the middle of 2015 run by a separate management team following a separate strategy, Unilever’s head of finance Jean-Marc Huet told investors [...]
Just one small Cornetto! Unilever’s cheap goods for the cash-strapped October 23, 2014 Unilever yesterday promised investors that new, cheaper products would help it grow profits, even as reticent consumers dragged its sales growth in the third quarter to its weakest in nearly five years. Sales volume rose only 0.3 per cent, well below analysts’ estimate of 1.8 per cent and growth of 1.9 per cent in the [...]
Unilever share price falls as it records lowest growth in five years October 23, 2014 While Dave Lewis is putting out one fire at his new employer Tesco, things back at Unilever are also looking less than rosy. The consumer goods business, where Lewis had worked for 28 years before becoming Tesco chief executive, this morning reported its weakest rate of quarterly sales growth in five years. Underlying [...]
Unilever share price drops on weak emerging markets and food sales growth July 24, 2014 Challenging markets in the first half of the year have seen Unilever sales growth come in soft, despite launching a number of recent product launches. The addition of the Ben & Jerry's Core ice cream range, and innovations in compressed deoderants and oral hygiene ranges haven't been enough to generate the sales growth analysts were [...]
Decline in emerging markets slows Unilever sales growth April 24, 2014 Consumer goods giant Unilever has reported underlying sales growth of 3.6 per cent, with emerging markets rising by 6.6 per cent for the first quarter of 2014. However, market growth continued to decline in the emerging economies of South and South East Asia, while developed markets remained relatively fragile despite some improvement in southern Europe. [...]
Unilever surprises with a stronger end to year January 21, 2014 CONSUMER goods giant Unilever reported a better-than-expected finish to its financial year thanks to a rebound in sales in some emerging markets, sending shares higher yesterday. The company behind Lipton Tea and Dove soap surprised the market in October after issuing its first profit warning in almost a decade. It blamed an accelerated slowdown in [...]
Unilever hit by sales slowdown in key markets October 24, 2013 UNILEVER, the consumer goods giant behind Wall’s ice-cream and Persil laundry detergent, reported a 6.5 per cent slump in turnover in the third quarter after suffering a dramatic slowdown in emerging markets. The FTSE 100 group has been hit by a slowdown in countries such as Indonesia, Brazil and India after uncertainty over whether the [...]