Union seeks urgent meeting with Unilever for ‘cast iron guarantee’ of factory workers’ futures November 19, 2021 Unite the Union has called for urgent talks with Unilever after it announced the sale of its tea business to a private equity firm. Unilever confirmed the £3.79bn sale of its tea division – including household names such as PG Tips and Lipton – to CVC yesterday following an auction process. Unite pointed to CVC’s [...]
Private equity CVC agrees £3.79bn deal for Unilever tea business November 18, 2021 Private equity firm CVC has agreed to buy Unilever’s tea arm for £3.79bn (€4.5bn), it has been announced.
Letters: Stop putting lipstick on a pig November 17, 2021 [Re: The future of cruelty free cosmetics] The news that the government would align with an EU decision resulting in allowing testing of ingredients – used even only in cosmetics – on animals is hugely concerning. This would effectively undermine the policy ban that has been in place here in the UK since 1998. Not [...]
Shell moves to UK and ditches ‘Royal Dutch’ name amid lengthy tax dispute and activist pressure November 15, 2021 Royal Dutch Shell is moving its headquarters, top executives, and crucially, its tax residence from The Hague to the UK. The move prompted the Dutch government to overhaul a controversial dividend tax which the energy giant had cited as a reason to unify its share structure and shift bases, according to the Financial Times. Shell [...]
DoubleVerify buys analytics firm OpenSlate for £110m November 9, 2021 DoubleVerify, a leading software platform, is set to acquire OpenSlate, a pre-campaign contextual targeting platform, for $150m (£110m) in a cash and stock transaction.
Green tech Recycling Technologies to list in £40m London IPO November 8, 2021 UK green technology company Recycling Technologies has announced its intention to float on London’s junior AIM market in an £40m IPO. Founded in 2011 by automotive engineer Adrian Griffiths, Recycling Technologies’ main product is a mass producible machine, called the RT7000, which processes plastic waste into a synthetic oil that can then be sold back [...]
LadBible doubles profits with digital ad growth November 7, 2021 The LadBible Group has had a record year, doubling profits to £4.1m on record sales of £30.2m ahead of a possible £400m flotation.
Budget Day: All eyes are on Rishi Sunak’s tax and spending plans October 27, 2021 With all the briefings that have been taking place since the weekend there would appear to be little in the way of surprises when the Chancellor of the Exchequer gets up to speak later today. Most of the content appears to have already been pre-briefed much to the displeasure of the Speaker of the House [...]
Higher prices anticipated in approach to Christmas October 27, 2021 Retail bosses have warned once more that consumers will feel the pinch of price rises in the run up to Christmas. Consumer prices have been projected to rise up to 20 per cent over the next few weeks, according to the Salesforce Shopping Index. This is due to worker and raw material shortages. Food inflation [...]
Unilever warns for ‘elevated’ cost inflation despite growth boost in US, China and India October 21, 2021 Consumer goods giant Unilever has reported a rise in sales for the past quarter as the firm warned it expects “strongly elevated” cost inflation to continue into next year. The Marmite and Ben & Jerry’s manufacturer reported a 2.5 per cent increase in underlying sales for the third quarter of 2021. It said it was [...]