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The Latest Breaking News from Unilever

Unilever: why the maker of Marmite is feeling the squeeze

As a major manufacturer of well known cleaning products, it is perhaps fitting that events at Unilever have started to resemble something of a corporate soap opera. In the last few weeks there has been increased pressure at the top, a failed merger attempt, backlash from investors, and an announcement…

The Conversation

Why the London Stock Exchange has become a playground for activist investors

GlaxoSmithKline, SSE, Unilever, and Shell have all found themselves in the crosshairs of activist funds who until recently focused their attentions on Wall Street — why?

Evening Standard

Crypto’s gold standard claims are fading fast

Bitcoin and its ilk have slipped deeper alongside the market appetite for risk. Just look at the Nasdaq

The Guardian - UK

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Marmite, Domestos, Ben and Jerry’s, and Persil owner Unilever planning around 1,500 global job cuts

Jobs will go across the UK and its worldwide operations by the end of the year

Birmingham Post

Marmite-owner Unilever to cut 1500 jobs as under-fire CEO Alan Jope announces sweeping overhaul

Jope said the restructure will help kick-start growth at Unilever, which has faced unrest from investors after poor performance

Evening Standard

Marmite and Dove maker Unilever to cut 1,500 jobs worldwide

Consumer goods business has come under increasing pressure from shareholders unhappy with its performance

The Independent UK

Unilever slashing 1,500 jobs worldwide under restructure

The Marmite-to-Dove soap maker is planning to axe around 15% of senior management roles and 5% of more junior management jobs.

The Independent UK

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Marmite and Dove manufacturer Unilever to cut 1,500 jobs

It employs 6,000 people in the UK and Ireland

Wales Online

Marmite and Dove maker Unilever to cut 1,500 jobs in huge global restructuring

Unilever products include Domestos bleach, Ben & Jerry's ice cream and Hellman’s mayonnaise. The announcement comes after it lost a takeover bid for GlaxoSmithKline - the maker of Aquafresh toothpaste and Panadol

Daily Mirror

Unilever to cut 1,500 jobs as investors increase pressure

Marmite and Ben & Jerry’s maker to reduce management roles, including in the UK

The Guardian - UK

UK factories plan price hikes; IMF backs support over energy prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Break-up chatter at Unilever as Nelson Peltz’s Trian takes stake

The activist investor’s presence on Unilever’s share register increases pressure on embattled CEO Alan Jope

Evening Standard

City comment: Nelson Peltz joins the party at Unilever

Alan Jope is having a busy couple of weeks.

Evening Standard

Stock markets and bitcoin fall amid Ukraine worries and US interest rate rise fears – as it happened

Worries over Ukraine tensions and prospect of US interest rate rises hits stocks, wiping out FTSE 100’s early 2022 gains, before a late recovery on Wall Street

The Guardian - UK

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The Guardian - UK

Pressure for shake-up expected at Unilever as activist investor buys stake in firm

Nelson Peltz’s hedge fund takes position in company thrown into turmoil after £50bn offer for a division of GSK

The Guardian - UK

Time for Unilever boss to concede lack of appetite for a big tilt

Shake-up will have to be gradual, and deal-making on a smaller scale needn’t be off the table

The Guardian - UK

Top investor castigates Unilever after failed £50bn bid for GSK arm

Terry Smith says bosses must focus on improving core business or step down after ‘near-death experience’

Evening Standard

Unilever’s doomed £50bn GlaxoSmithKline bid was a ‘near-death experience’

Fund manager Terry Smith made a fresh attack on Unilever following the collapse of its bid for GlaxoSmithKline’s consumer-health unit, saying the Dove soap maker needs to focus more on fixing its own business.

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Evening Standard

City comment: Unilever CEO Alan Jope is walking a tightrope after GSK tilt

Questions remain about strategy despite the GSK climbdown

The Guardian - UK

UK households hit by rising cost of living; Omicron lifts US jobless claims to three-month high – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live: Unilever shares rise as Glaxo interest cools, China cuts rates, Nasdaq in correction territory

The Nasdaq’s slide into “correction” territory after falling 10% since November today failed to unsettle the FTSE 100 index.

Bangkok Post

Unilever won't up £50bn offer for GSK-Pfizer unit

LONDON: Consumer goods giant Unilever on Wednesday said it would not increase a £50-billion offer for the consumer healthcare unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer.

Birmingham Post

Marmite maker Unilever urged to focus on health by shareholder group after difficult week

The group sold PG Tips and Lipton to CVC Partners for £3.8bn towards the end of 2021

AFP

Unilever won't up £50 bn offer for GSK-Pfizer unit

London (AFP) - Consumer goods giant Unilever on Wednesday said it would not increase a £50-billion offer for the consumer healthcare unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer.

The Guardian - UK

Big questions for Unilever board after GSK pursuit ends

Delivering a minor heart attack to the share price, however temporarily, is not a good look

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