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.
400 stories · page 17 of 20
The Anglo-Dutch firm launched its review to improve shareholder value at the end of February after the shock of a failed bid move for the group by US food giant Kraft Heinz
The index of blue-chip shares succumbed to selling pressure
Liberum Capital has given a lukewarm recommendation upgrade, whereas Barclays has highlighted catalysts.
Unilever embarked on a strategic review, which could lead to the sale or demerger of various businesses (but will more likely focus on cost control measures) after rebuffing a £115bn bid from Kraft Heinz.
It's a shame Lord Myners did not make the rules tougher when he was City Minister under Gordon Brown
Goldman’s analysts said: “We believe the value KHC saw in Unilever may be difficult to unlock: the company already has EBIT margins broadly in line with most peers”
It's analysts said: “Last week's attempted and subsequently rebuffed bid from Kraft Heinz has been a clear wake-up call for Unilever management“.
Investments and investor services
At 3.33pm, the index of blue-chip shares was up just over 14 points at 7,257
Deutsche believes Unilever would find a ‘kindred spirit’ in Colgate, the American toothpaste maker..
Unilever has upgraded its profit margin expectations and announced a business review to try and head off any renewed bids from Kraft Heinz
Investments and investor services
FTSE 100 shares ended higher on Wednesday, as Unilever talked up a review to show more shareholder value and Lloyds Banking posted its highest profit in a decade
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UK-listed companies do not exist in a vacuum. In dollar or Euro terms they have become significantly better value since the Brexit vote,
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The proposed merger between Kraft and Unilever has been canned following the public disclosure of the deal.
Investments and investor services
The FTSE 100 ended flat on Monday as Unilever shares sank in the wake of Kraft Heinz saying it had abandoned its proposed merger which would have been one of the biggest in corporate history
You had to scroll past the meat of the eight paragraph announcement before it became apparent that the Anglo-Dutch consumer products giant is taking Kraft’s overtures very seriously – very, very seriously.
The American giant said it had tabled a “comprehensive proposal”, which was declined. It added: “We look forward to working to reach agreement on the terms of a transaction.”
Investments and investor services
Around 3.15pm, the UK blue chip index was up over 21 points at 7,299, not far from the day’s peak of 7,307, and well above the day’s low of 7,253.
