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The Latest Breaking News from Unilever

GroupM To Double Ad Spending On Women’s Sports Programming

Clients including adidas, Ally, Coinbase, Discovery, Google, Mars, Nationwide, Unilever and Universal Pictures are looking to play

Broadcasting & Cable

Fears over ‘uninvestable’ London stock market as more firms tipped to leave City

The City’s status as a leading financial centre is under threat, amid a huge gap in the value of similar companies in London and New York

Evening Standard

Unilever CEO Asks: Who Wants Ice Cream?

Unilever is looking to unload its low-growth, low-profit ice cream business. It is the largest in the world, with a 20% market share - more than double its nearest competitor - and should generate around $17 billion for the company. What else does new CEO Hein Schumacher have to unveil…

Barchart

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read the most diverse news in one place.

Difficult decisions at Unilever

To Unilever now, where the consumer giant this week unveiled plans for a whopping 7,500 job cuts. On the same day, the company said it was mulling spinning off its ice cream division, presumably to distract from the layoffs the same way shouting “look, ice cream!” distracts a toddler.

Evening Standard

No Ice Cream Price Gouging Thanks to Substitutes

Unilever’s split from its ice cream division shows market share and market power are very different concepts.

Reason

Liquid I.V. CEO Mike Keech Shares Leadership Insights

Learn how Liquid I.V. achieved significant growth under CEO Mike Keech's leadership by focusing on purpose, values, integrity, and simplicity.

Top News

Schumacher’s plan to offload Unilever’s ice-creams has a very familiar flavour

Shareholders may welcome the change in direction, but the chief executive’s predecessors used similar tactics

The Guardian - UK

Beloved ice cream brand is being let go by Unilever

Wall Street's reacted fairly positively to the news so far.

The Street

Ben & Jerry's Owner Unilever To Spin Off Ice Cream Arm

British consumer goods giant Unilever announced Tuesday that it will separate its ice cream unit, whose top-selling products include Ben & Jerry's and Magnum, as a standalone business.

International Business Times

Unilever to cut 7,500 jobs globally and split off ice-cream division

Magnum to Marmite consumer goods group plans productivity programme to save €800m

The Guardian - UK

FTSE 100 Live: UK inflation in focus after index closes up 0.2%, Unilever leads risers after shake-up

Inflation’s retreat to its lowest level in two years today fuelled hopes of a first cut in interest rates by the summer.

Evening Standard

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Evening Standard

Marmite-to-Dove maker Unilever to cut 7500 jobs under £14m CEO's shake-up

With the cuts being ‘predominantly office based’, its London HQ in Victoria could take a big hit

The Guardian - UK

Unilever boss could be paid up to €17.4m if he hits maximum targets

Group could face another revolt by shareholders after 60% voted against remuneration report last year

Crikey

Maybe it’s not (just) supermarket profits driving inflation

Forget Coles and Woolies — the real villains in one important inflation category are gouging transnational food and beverage firms.

Evening Standard

Arm overtakes HSBC, Unilever to become Britain's 4th most valuable company after shares rocket

The Nasdaq-listed stock has more than doubled in value since the start of the year

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news in one place.

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The Guardian - UK

Unilever boss Hein Schumacher gets tough – except in Russia

New-broom CEO has mandate to make big changes. He should revisit unfathomable decision to keep operating in country

International Business Times

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.

Evening Standard

Unilever hits out at its own results for 2023 branding them 'disappointing'

CEO of consumer goods multinational promises ‘speed and urgency’ in turnaround plan

Evening Standard

FTSE 100 Live 8 February: Index closes down 0.4%, S&P still near 5000 with $44bn added to Arm value

London’s long-awaited run of dealmaking action continued today when Tesco unveiled the sale of its banking operations to Barclays.

Reason

Is ESG Already Over?

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

Space

Mayo on a mission: Sir Kensington's aims to bring taste to space with its condiments

Astronauts aboard the International Space Station could soon add new taste to their food if a 'certain space agency' accepts the proposal of a condiments company.

Fortune

France's biggest supermarket won't follow rival by banning Pepsi

E.Leclerc's chairman said he wouldn't follow Carrefour's "show of strength" by banning Cheetos and Doritos from his stores.

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