Unilever investors looking for sales growth in tomorrow's results
Peltz built a stake in Unilever through his activist vehicle, Trian Partners
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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Peltz built a stake in Unilever through his activist vehicle, Trian Partners
Last year, Ben & Jerry’s said it would end ice cream sales in the occupied West Bank and parts of East Jerusalem
The US billionaire said he believes the FTSE 100 group "is a company with significant potential, through leveraging its portfolio of strong consumer brands and its geographical footprint"
At the close, the UK blue-chip index was 7.60 points, or 0.1% higher at 7,607.66, albeit below the session peak of 7,648.26 - its highest level since July 2019
The consumer goods giant raised its cost forecast for the second half of the year to €2.7bn
Enhanced disclosure sets a new standard for food manufacturing companies in terms of transparency
Analysts at RBC see the latest changes as a potential catalyst for growth
Of the 19 analysts following the FTSE 100 constituent, seven are neutral on the stock, eight are positive, while the remainder are negative.
The American activist billionaire had been building a stake in the company for some time, according to reports
The owner of brands from Ben & Jerry’s and Knorr to Lifebuoy and Lynx reported its fastest underlying sales growth for nine years
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Britain's blue-chip index finished the afternoon session at 7,672, up 28 points, or 0.38%
Companies are misleading consumers (and investors), the report found, calling for governments and regulatory bodies to "step up and put an end to this greenwashing trend"
Unilever hinted at big changes afoot on 17 January when news broke of its numerous approaches to buy the GSK Consumer Healthcare business
Peltz reportedly started to build his stake before Unilever inquired about buying Glaxo’s soon-to-be demerged consumer arm
"Unilever is committed to maintaining strict financial discipline to ensure that acquisitions create value for our shareholders," it said
Those taking part in the trial will receive the same pay but will be asked to maintain 100% productivity over the four days
Go large or go home, as the saying goes. At times, though, Unilever has not even known where its home is, so is it the right company to be buying GlaxoSmithKline's Consumer Healthcare business?
The plan is to reposition Unilever's portfolio into higher growth categories, with a particular emphasis on Health, Beauty and Hygiene.
The disposed business includes the Lipton, PG Tips, Pukka, T2 & Tazo brands, but excludes Unilever's tea businesses in Asia as well as their share of the Pepsi Lipton joint venture.
Underlying sales grew 2.5% in the third quarter, helped by a 4.1% increase in prices