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The Latest Breaking News from Alan Jope

Unilever Profit Drops As Sales Flatten After Price Hikes

British consumer goods giant Unilever on Thursday said its net profit dropped 15 percent last year to 6.5 billion euros ($7 billion) as sales flattened as the group hiked prices.

International Business Times

Is ESG Already Over?

CEOs are beginning to wonder what to do when environmental, social, and governance factors are at odds with performance.

Reason

Unilever shareholders revolt against CEO’s €5.1 million pay packet

Shareholders representing 58% of voting shares rejected the policy

Evening Standard

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Sainsbury’s and Unilever deny claims of profiteering in cost of living crisis

Supermarket chain and consumer goods company insist they are protecting shoppers from inflation surge

The Guardian - UK

Price rises drive sales growth for Marmite maker Unilever, but CEO says ‘we did it responsibly’

CEO Alan Jope added that the company would rather ‘shrinkflate’ than raise prices

Evening Standard

Unilever warns on inflation -- it is not over yet

The cost of basic foodstuffs and other kitchen staples will keep rising for at least another six months, consumer goods giant Unilever warned today.

Evening Standard

Maker of Marmite and Ben & Jerry's says food prices will rise further

It said prices might not peak until halfway through this year

Wales Online

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Unilever enjoys strong 2022 on higher prices

London (AFP) - British consumer goods group Unilever said Thursday that 2022 profits soared as sales leapt after product prices shot higher in line with rampant inflation.

AFP

Disney board: Peltz lacks 'skills and experience', offers no 'strategic' ideas

Disney also revealed that Peltz's campaign for a board seat had a surprise backer: Marvel chairman Isaac Perlmutter.

Fortune

Unilever CEO says food prices are going higher, but Conagra diagrees

Warning at Davos contradicts Conagra CEO comments from last week.

Fortune

Unilever has settled its battle with Ben & Jerry’s over West Bank ice cream—but the minefield of doing business in Israel remains

The saga shows the perils of a multinational conglomerate wrestling political headwinds in an age of intense brand sensitivity.

Fortune

Magnum and Marmite owner Unilever warns of even more price rises

Group reports 10% growth in sales revenue driven by highest price rises in its history

The Guardian - UK

Unilever warns of high inflation in 2023 after reporting sales growth

The consumer goods giant said cost pressures are likely to also be carried forward next year

Birmingham Post

iPhone 14 Popular In China?, Netflix May Lose Comics, Elon Musk's Starlink Slows, Byron Allen Faces $10B Lawsuit And More Top Financial Media Stories Monday, Sept. 26

Bloomberg

Benzinga

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The Guardian - UK

Unilever chief Alan Jope to retire next year after five years at helm

Jope’s departure at end of 2023 will end career spanning 37 years at Marmite and Dove soap maker

Daily Mirror

Price of Marmite and Ben and Jerry's soars by more than 10 per cent as inflation bites

Marmite and Ben and Jerry's manufacturer Unilever say they have ratcheted up prices on some of their biggest brands by as much as 11.2% in the last year as food costs soar

Evening Standard

Unilever braced for tighter margins as inflation hits company profits

Unilever boss Alan Jope said product prices had not kept up with inflation

The Guardian - UK

Unilever shares rise as billionaire investor Nelson Peltz joins board

Hedge fund boss – whose daughter married Brooklyn Beckham – holds 1.5% stake in Unilever

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The Guardian - UK

Unprecedented inflation ahead as Ukraine war adds to costs, says Unilever

Rise in energy and ingredient costs suggests consumers will have to pay more for well-known brands

Benzinga

Unilever, Kraft Heinz Suspend Exports, Investments In Russia

Food and beverage company Kraft Heinz Co (NASDAQ:KHC) has suspended all new investments in Russia and also all imports and exports of products. Kraft Heinz said it continues to closely assess the humanitarian crisis in Ukraine. Consumer goods giant Unilever PLC (NYSE:UL) has halted all imports and exports of its products in Russia in addition to…

The Guardian - UK

Screeching U-turn as Unilever’s shareholders balk at £50bn GSK deal

Riot in ranks sends ‘strong message’ against tilt at GlaxoSmithKline’s consumer division

The Guardian - UK

Ben & Jerry’s Ukraine tweet gets frosty reception from Unilever boss

Ice-cream maker is best to avoid subjects where it lacks ‘expertise or credibility’, says parent company CEO

Evening Standard

Unilever CEO Alan Jope serves up ‘red meat’ with buyback and pledge not to do big deals

Under-pressure Unilever CEO Alan Jope today tried to placate restless investors with “red meat” offerings as he tries to move on from a botched bid for GlaxoSmithKline’s consumer healthcare business.

The Guardian - UK

Unilever expects more price rises for shoppers on back of higher costs

Marmite and Dove maker forecasts cost inflation of £3bn for coming year and rules out more big deals

The Guardian - UK

Wall Street drops as interest rate rises loom after US inflation hits 7.5% – as it happened

Rolling coverage of the latest economic and financial news

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