Peltz readies for battle at Unilever as Trian boss looks hard at headcount June 5, 2022 Famed activist investor Nelson Peltz appears set for another corporate battle at Unilever after describing huge corporate headcounts as an 'L'.
The City View: Boris on his last legs? May 31, 2022 On today’s final episode of The City View, Andy Silvester talks to City A.M.’s Opinion and Features Editor Sascha O’Sullivan. They ask whether Boris Johnson is harming the Tory party’s chances of reelection, and if Starmer is the right man for the job as Labour leader. And in the business news: TUI has cancelled nearly [...]
Sluggish start for FTSE 100 as Russian oil imports cut off May 31, 2022 The FTSE 100 was off to a sluggish start on Tuesday after EU leaders have hashed out a plan to block more than two-thirds of Russian oil imports. The capital’s premier FTSE 100 index was up just 0.2 per cent while the brent crude price rose again, at $124 a barrel. “Given Russia currently supplies [...]
Notorious activist Nelson Peltz takes board seat at Unilever May 31, 2022 Notorious activist investor Nelson Peltz has been appointed to the board of Unilever today after building a stake through his firm Trian Fund Management earlier this year.
Jope mounts defence of Unilever sustainability after run-ins with top investor May 24, 2022 Unilever boss Alan Jope has mounted a defence of the firm’s focus on sustainability today after a series of bruising bust ups with a top shareholder who accused him of putting purpose over profit.
The City A.M. awards: A spectacular night in the Square Mile April 29, 2022 Almost two and a half years since the last City A.M. gala dinner, the brightest lights in the London business community gathered in person once again to toast the Square Mile’s success in what was an extraordinary year. Held for the first time in the Guildhall, the awards recognise those who made the City great [...]
Unilever sees sales and turnover rise as it hikes prices April 28, 2022 Unilever has enjoyed rising sales and turnover levels in the first few months of the year, as it rewards shareholders with a maintained dividend of €0.42 apiece. The consumer goods giant, behind some of Britain’s most loved products such as Ben & Jerrys, Dove, Helmann’s and Magnum, had its turnover jump by nearly 12 per [...]
Top investors pile pressure on food giants to ramp up health performance April 26, 2022 A group of investors representing £3tn in assets have called on some of the world’s top food producers to ramp up their performance on health.
Companies relieved at unions waning power face a revived challenge in ERGs (no, not the Brexit kind) April 19, 2022 Companies are in the firing line for the way they treat their workers. The latest in the long list of companies who are experiencing the sharp end of worker anger is gaming giant Activision Blizzard whose workers are staging a virtual walkout in protest of the lifting of the vaccine mandate, which workers claim creates [...]
A good time to re-assess the value of ESG investing April 11, 2022 No City earnings call, annual report, or even chief executive interview is now complete without a mention of what a firm is doing to meet its ‘ESG goals.’ At times this has bordered on the ludicrous: Terry Smith, the legendary investor, found a warm audience to his critique of Unilever attempting to define the purpose [...]