Unilever slashes 1,500 jobs worldwide as part of ambitious global restructure plan January 25, 2022 Unilever said this morning it is planning a group-wide overhaul which will result in around 1,500 job cuts globally. The Marmite-to-Dove soap maker is planning to axe around 15% of senior management roles and 5% of more junior management roles under a restructure to create five business divisions. It said the jobs will go across [...]
Unilever shares surge after Peltz takes a stake, though reports say job losses loom January 24, 2022 Unilever shares have surged this morning after it was revealed that notorious activist investor Nelson Peltz had taken a stake in the firm.
Housebuilders drag London markets down as investors flee stocks January 24, 2022 London markets took a beating yesterday driven lower by most sectors tumbling as investors fled stock markets on US Fed rate hike fears. The capital’s premier FTSE 100 index closed 2.63 per cent lower at 7,297.15 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, lost 3.64 [...]
Vodafone climbs FTSE 100 as talks of Italian merger gain momentum January 24, 2022 Vodafone edges to the top of the FTSE100 today as momentum begins to grow after sources said it was in talks with Iliad to strike a merger deal in Italy.
Activist investor Trian takes stake in Unilever as pressure builds on Alan Jope January 23, 2022 Activist hedge fund Trian Partners has reportedly taken a stake in Unilever as investors continue to pile pressure on beleaguered boss Alan Jope.
Ben & Jerry’s political activism could sabotage potential sale by Unilever, say lawyers January 23, 2022 Lawyers have warned Unilever may struggle to offload ice-cream brand Ben & Jerry’s due to its outspoken left-wing political views and activism, according to reports.
Firms must explain themselves in this winter of price hikes January 20, 2022 The last time inflation was a hot-button political issue, Whitney Houston was top of the charts, the VCR was the must-have purchase, and a scandal-ridden Tory prime minister was clinging on desperately to power. Some things change, others less so. This marks trouble for business – in two ways. In the most obvious sense, prices [...]
Terry Smith rounds again on Unilever and labels failed GSK bids a ‘near death experience’ January 20, 2022 Terry Smith has launched a fresh attack on Unilever’s management as he labelled the failed bid for GSK’s consumer arm a “near death experience”.
After a week from hell: Shareholders tell Unilever to focus on health to avoid being struck hard by regulatory changes January 20, 2022 Food giant Unilever should focus further on health after a week of fierce criticism for the Marmite manufacturer, a group of major asset managers and shareholders said this morning. The coalition of investors, backed by Share Action, said it is urging the company to adopt ambitious targets to increase the share of healthy foods in [...]
Investors round on Unilever’s ‘health blind spot’ in fresh wave of attacks January 20, 2022 Unilever has come under fire from a group of leading investors for its unhealthy food products, following a week of intense criticism.