Unilever shareholder Columbia Threadneedle joins raft of investors against Dutch move
Schroders, Aviva and Legal & General Investment Management have also said they would reject Unilever's plan
Company
LON:ULVR
Unilever is a global supplier of consumer goods, the company`s brands include Knorr, Lipton, Hellmann’s, Magnum, Omo, Dove, Lux and Axe/Lynx.
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Schroders, Aviva and Legal & General Investment Management have also said they would reject Unilever's plan
In a note to clients, Jefferies’ analysts said while the potential shift was a point of regret, the listing controversy was “a relative sideshow” with other near-term risks approaching
Aviva Investors, which owns a 1.4% stake in Unilever, said it would not receive any added value from the firm's move out of the UK’s blue-chip index
Performance since the financial crisis demonstrates that in the long term, the stock market is surprisingly reliable, says Hargreaves Lansdown
Unilever said it believes its proposal will "modernise and simplify our structure, create value and drive performance for the long term and position Unilever for future success"
The pound added 0.03% against the Euro and was up 0.40% against the US dollar..
Tesco's tie-up with Carrefour will allow the two to negotiate better terms from suppliers
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FTSE 100 lost almost 77 points to close the day at 7,575, while FTSE 250 was also down, off over 252 points at 20,548
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A month ago, a rate hike of a quarter of a point seemed nailed on. Most economists still think it is the most likely outcome but the decision may not be unanimous given some recent iffy economic data
Hardware & electrical equipment
The AIM-listed esports broadcaster said the pizza chain would have an in-show presence across 80 hours of Gfinity’s broadcasts
Liberum’s new price target for Unilever is 4,200p, more than 100p below its current price
Unilever said it remains on track for its 2020 goals and its full-year guidance remains unchanged
Investments and investor services
Footsie closed up around seven points, or 0.10% at 7,683 on Thursday
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The day ahead includes full year results from Sports Direct, a first quarter trading update from SSE and UK retail sales data
Investments and investor services
Wall Street recovered from earlier lows but still remain in negative territory
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The day ahead includes quarterly updates from Glencore and Smith & Nephew
Unilever raised its dividend by 8% for the first quarter after delivering 3.4% underlying sales growth
Shire shares ended 5.89% up as the group received and rejected a takeover approach from Japan's Takeda Pharma
Investments and investor services
Thursday looks a pretty busy day for investors with a number of important updates due.
Tesco was in a mess when Dave Lewis came in three-and-a-half years ago, but the former Unilever man has dragged the retailer through the recovery process and the turnaround looks almost complete