Unilever: Ice cream success boosts sales but profit drops July 31, 2025 Unilever has announced a drop in profit amid expensive disposals and unfavourable currency moves. Turnover at the FTSE100 firm, which owns brands like Dove, Colman’s and Persil, was €30.1bn, down 3.2 per cent year on year. Sales rose 3.4 per cent in the first half of the year, helped by a strong performance in Unilever’s [...]
Unilever turnover dips as turnaround fails to gain pace April 24, 2025 Unilever has reported a dip in turnover despite a year-long turnaround plan aimed at revitalising the business. Turnover at the consumer goods giant fell 0.9 per cent year year to €14.8bn (£12.65bn) in the first quarter of 2025. This was driven by slumps in personal and home care products, which fell by 4.4 per cent [...]
Tariff talks to dominate IMF-World Bank meetings April 21, 2025 Finance ministers are poised to use this week’s International Monetary Fund (IMF) and World Bank’s gathering to strike up trade deals with bilateral partners as uncertainty continues to swirl around Donald Trump’s tariff plan. Senior politicians and economic heavyweights are flocking to Washington for the biannual gathering put on by the two global agencies, with [...]
Unilever to update on turnaround under new boss amid mounting trade pressure April 20, 2025 Unilever is expected to outline fresh details of its attempted turnaround this week, after replacing its chief executive in March. The consumer giant, which makes goods from Marmite to Dove soap, reports its first quarter results on the 24th April. Experts said the company could give more insight into its plans under new boss Fernando [...]
Unilever acquires sustainable deodorant Wild April 1, 2025 Unilever has finally confirmed its acquisition of refillable deodorant brand Wild as it looks to build its presence in premium beauty and self care. The terms of the deal were not disclosed, but it is believed to value Wild at £230m. Wild, which was started in 2019 by business partners Charlie Bowes-Lyon and Freddy Ward, [...]
WPP bets big on AI to regain industry leadership March 22, 2025 Artificial intelligence (AI) isn’t just reshaping industries, it’s upending them. Nowhere is this more evident than in advertising, where AI is reshaping how brands create, deliver and optimise campaigns. While many firms are still finding their feet with AI, WPP is claiming it has hit the ground running. For the global communications giant, the AI [...]
Unilever accused of ousting Ben and Jerry’s chief over activism March 19, 2025 Ben and Jerry’s has accused parent company Unilever of removing its chief executive David Stever over the firm’s political activism. In a court filing, the ice cream brand alleged that Unilever had violated a merger agreement by trying to silence its “social mission”, advocated by Stever. “Unilever has repeatedly threatened Ben & Jerry’s personnel, including [...]
Unilever rushes to sell underperforming food labels as it focuses on ‘power brands’ March 11, 2025 Unilever will speed up the sale of its underperforming labels and focus on its 30 power brands, according to its chief executive. Fernando Fernandez said the FTSE-100 company would act at a “faster pace” and that the firm has around €1bn (£840m) of brands in its Foods Europe division, which “don’t fit well” with its company’s portfolio. [...]
Unilever CEO Hein Schumacher makes surprise resignation February 25, 2025 Unilever chief Hein Schumacher has unexpectedly resigned after less than two years in the role, as the company attempts to push forward with its cost-cutting programme. Schumacher will be succeeded by Unilever’s financial chief Fernando Fernandez from next week and leave the firm at the end of May, the firm said. The news comes amid [...]
Unilever: Amsterdam chosen for primary ice cream listing in blow for London February 13, 2025 Shares in Dove and Marmite maker Unilever have dipped despite an uptick in profit, with some additional concern as London will miss out on the primary listing of its ice cream arm. Shares dipped more than seven per cent in early trades due to “exceptionally weak” guidance, analysts said. “Unfortunately for Unilever… the market doesn’t tend [...]