Tuesday preview: US housing and consumer confidence, Unilever in focus
25th Jul 2022 15:39
(Sharecast News) - Investors' focus will be on a slew of economic data out of the States, including readings on the housing market and for consumer confidence.
Read moreBen & Jerry's sues Unilever over ending of West Bank boycott
6th Jul 2022 13:37
(Sharecast News) - Ice-cream brand Ben & Jerry's is suing parent company Unilever for ending its boycott of occupied Palestinian territories, saying the decision conflicted with its "core values".
Read moreUnilever shares soar as activist investor Peltz joins board
31st May 2022 08:25
(Sharecast News) - Unilever shares surged on Tuesday the diversified consumer goods company said billionaire activist investor Nelson Peltz would be joining its board.
Read moreBerenberg raises target price on Unilever
4th May 2022 10:20
(Sharecast News) - Analysts at Berenberg raised their target price on consumer goods giant Unilever from £36.50 to £38 per share on Wednesday following a "big" first-quarter beat for the firm.
Read moreUnilever warns on costs as price rises drive sales growth
28th Apr 2022 07:02
(Sharecast News) - Unilever warned about rising costs as the consumer goods group reported higher first-quarter sales driven by price increases.
Read moreFTSE 100 movers: Defensives wanted amid hawkish Fed comments
22nd Apr 2022 16:41
(Sharecast News) - Defensive issues were wanted on Friday after US Federal Reserve President, Jerome Powell, told an audience the night before that a 50 basis point interest rate hike at the 4 May policy meeting was in play.
Read moreGSK to spin off consumer healthcare unit in July
28th Feb 2022 11:37
(Sharecast News) - GlaxoSmithKline confirmed on Monday plans to float its consumer healthcare business this summer, just weeks after rebuffing a £50bn approach from Unilever.
Read moreShares in Danone spark on strong end to year
23rd Feb 2022 12:55
(Sharecast News) - Danone reported full-year sales narrowly ahead of forecasts on Wednesday, sending shares in the French food group higher.
Read moreRBC Capital upgrades Unilever, hikes price target
15th Feb 2022 09:17
(Sharecast News) - RBC Capital Markets upgraded consumer goods giant Unilever to 'sector perform' from 'underperform' on Tuesday, hiking the price target to 3,600p from 3,400p.
Read moreUnilever rules out major M&A as costs bite
10th Feb 2022 07:03
(Sharecast News) - Consumer products conglomerate Unilever ruled out any major acquisitions in the near future and warned of higher costs as it reported fourth-quarter sales growth and announced a €3bn share buyback.
Read moreSunday newspaper round-up: Tesco, Vodafone, Bank of England
6th Feb 2022 19:22
(Sharecast News) - The head of Tesco, John Allan, thinks the worst of food price inflation "is yet to come", predicting that it will soon rise to 5%. In remarks to the BBC, the chairman of the grocer said: ""In some ways the worst is still to come - because although food price inflation in Tesco last quarter was only 1%, we are impacted by rising energy prices. Our suppliers are impacted by rising energy prices. We're doing all we can to offset it ... but that's the sort of number we're talking about. Of course, 5%." - Guardian
Read moreUnilever to layoff 1,500 managers and reorganise two units
25th Jan 2022 11:17
(Sharecast News) - The entry of activist investor Nelson Peltz's hedge fund into Unilever's shareholder register has goaded the company into its largest job cuts under its current boss and the reorganisation of several units.
Read moreUnilever said to be planning layoffs after activist investor takes stake
25th Jan 2022 08:07
(Sharecast News) - Unilever is reportedly planning to slash several thousand management positions.
Read moreTrian Partners builds stake in Unilever - report
24th Jan 2022 11:53
(Sharecast News) - Activist hedge fund Trian Partners is understood to have built up a stake in Unilever, it was reported on Monday, pushing shares in the under-pressure blue chip higher.
Read moreSunday newspaper round-up: Unilever, Morrisons, Aston Martin
23rd Jan 2022 18:12
(Sharecast News) - Activist investor Nelson Peltz's Trian Partners has reportedly built up a stake in Unilever, which will likely pile on the pressure after the consumer goods giant's failed £50bn bid for GlaxoSmithKline's consumer health unit. The size of the stake, which was first reported by the Financial Times, is not known. Peltz had retired from the board of US-based rival Procter&Gamble just a few months before, but not before pushing for change that helped boost P&G's shares up by 85%. Over the past five years, Unilever stock has underperformed that of its major rivals, including Nestle, P&G, PepsiCo and L'oreal. - Sunday Telegraph
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