Unilever facing growing shareholder revolt over plans to abandon London PLC September 17, 2018 Consumer goods giant Unilever is facing shareholder revolt over plans to move its headquarters from London to the Netherlands, with more City investors saying they will vote against the decision. Brewin Dolphin today became the latest investment manager in the Square Mile to object to the move, which will see the FTSE 100 stalwart leave [...]
Unilever shareholder threatens to vote down Dutch headquarter move September 17, 2018 Unilever's plan to move its headquarters from London to the Netherlands and be removed from the FTSE 100 was sharply criticised by a top shareholder today. Top 20 investor Aviva, which holds around a 0.6 per cent stake in the company, said it would vote against the move, which requires 75 per cent of shareholders to be passed. Read more: [...]
Unilever shareholder threatens to vote down Dutch headquarter move September 17, 2018 Unilever's plan to move its headquarters from London to the Netherlands and be removed from the FTSE 100 was sharply criticised by a top shareholder today. Top 20 investor Aviva, which holds around a 0.6 per cent stake in the company, said it would vote against the move, which requires 75 per cent of shareholders to be passed. Read more: [...]
Unilever shareholder in ‘revolt’ over tax risks associated with Amsterdam move September 15, 2018 A shareholder in Unilever has hinted it could vote against the consumer giant's plan to move its headquarters to Amsterdam to simplify its corporate structure. The Times reported that Lindsell Train, Unilever's third largest shareholder, could vote against the move on the grounds that it would result in the forced sale of Unilever shares and mean [...]
Unilever shareholder in ‘revolt’ over tax risks associated with Amsterdam move September 15, 2018 A shareholder in Unilever has hinted it could vote against the consumer giant's plan to move its headquarters to Amsterdam to simplify its corporate structure. The Times reported that Lindsell Train, Unilever's third largest shareholder, could vote against the move on the grounds that it would result in the forced sale of Unilever shares and mean [...]
Unilever shareholders to hold crunch vote on Netherlands move September 11, 2018 Unilever shareholders will vote next month on plans to streamline the consumer goods giant and move its headquarters to Rotterdam over London. The company, which makes Marmite and Pot Noodle, has revealed details of its proposal to abandon its dual-headed structure and become one legal entity in the Netherlands. The Anglo-Dutch firm, which also produces [...]
Swiss bank UBS closes in on US rivals in FTSE 100 broker rankings September 3, 2018 Swiss bank UBS has closed the gap on its US rivals at the top of the FTSE 100 stockbroker ranking list for the third quarter (Q3), moving up to joint third place with 22 clients. UBS, which acts for blue chip companies such as oil major BP, mining giant BHP Billiton and consumer goods company [...]
Panasonic to ditch UK to move headquarters to Amsterdam August 30, 2018 Panasonic is to move its European headquarters to Amsterdam from London, in a decision thought to be a result of uncertainty around Brexit. The Japanese electronics company confirmed today that it would move to the Netherlands due to concerns that it could face a hefty tax bill once the UK leaves the EU. Laurent Abadie, [...]
Theresa May pledges to bolster ties between the City and Nigeria August 29, 2018 The Prime Minister Theresa May pledged to bolster ties between the City and Nigeria as she looked to secure new trade relationships on a visit to Africa. May urged Nigeria to tap into the City’s financial expertise, which she hoped could play an even greater role in the continent after Brexit. UK-Nigeria trade was worth £4.2 billion [...]
Reckitt Benckiser share price leads FTSE 100 as Mead Johnson acquisition pays off | City A.M. July 27, 2018 Consumer goods firm Reckitt Beckiser raised sales guidance this morning, as it unveiled unexpectedly strong performance in its recently acquired nutrition business. The firm received final approval for its acquisition of Mead Johnson, which makes infant formula brand Enfamil. But it has exceeded expectations in the year since then. The group was leading the FTSE [...]