UL - Unilever PLC
| Previous close | 59.63 |
| Open | 59.59 |
| Bid | 59.66 x 800 |
| Ask | 59.67 x 900 |
| Day's range | 59.59 - 59.90 |
| 52-week range | 52.66 - 64.84 |
| Volume | 514,994 |
| Avg. volume | 1,036,775 |
| Market cap | 156.317B |
| Beta (5Y monthly) | 0.36 |
| PE ratio (TTM) | 23.62 |
| EPS (TTM) | 2.53 |
| Earnings date | N/A |
| Forward dividend & yield | 1.81 (3.03%) |
| Ex-dividend date | 19 Feb 2020 |
| 1y target est | 62.00 |
- Reuters
Exclusive: Unilever, 3M on list of firms eligible for China loans to ease coronavirus crisis - sources
SHANGHAI/BEIJING (Reuters) - Shanghai has compiled a list of firms, including local units of multi-nationals Unilever PLC and 3M Co, as eligible for millions of dollars in subsidised loans to ease any blow from the coronavirus outbreak, according to bankers and documents seen by Reuters. In an economically bruising three weeks, China has cordoned off cities and suspended transport links in an effort to slow the spread of the virus. Some lenders in the city have each received a list of firms compiled by the Shanghai branches of the Ministry of Industry and Information Technology (MIIT) and the National Development and Reform Commission (NDRC), according to seven bankers, each at a different lender.
- Stockopedia
How safe is the Unilever dividend payment?
Unilever (LON:ULVR) is a large cap Personal Products operator which sells its products in more than 190 countries. Its brands include Axe, Dirt is Good (Omo),8230;
- Fool.co.uk
Why a market crash could be a great buying opportunity
Roland Head explains how he'd prepare for the next stock market crash.The post Why a market crash could be a great buying opportunity appeared first on The Motley Fool UK.
- Reuters - UK Focus
Ex-divs to take 8.9 points off FTSE 100 on Feb 20
- Fool.co.uk
2 FTSE 100 dividend growth stocks I’d buy today for a rising passive income
Rupert Hargreaves explains why he's staking his retirement on these two FTSE 100 blue-chips. The post 2 FTSE 100 dividend growth stocks I'd buy today for a rising passive income appeared first on The Motley Fool UK.
- Fool.co.uk
Everlasting love! A FTSE 100 dividend growth stock I’ll never leave
Looking for a life partner? Royston Wild talks about a FTSE 100 dividend stock he thinks you should definitely 'swipe right' on.The post Everlasting love! A FTSE 100 dividend growth stock I’ll never leave appeared first on The Motley Fool UK.
- Bloomberg
Bingeing Alone Isn’t Enough for Nestle
(Bloomberg Opinion) -- It isn’t just Unilever NV that’s struggling to sell more food. Rival Nestle SA now expects to come up short of its self-imposed sales-growth target this year, and it’s counting on acquisitions to put it back on track.While Chief Executive Officer Mark Schneider met the lower end of a goal for underlying operating margin 12 months early, it will take at least another year for the owner of the Nesquik and Nespresso brands to reach and sustain its annual sales growth objective of 4-6%, partly due to the effect of disposals.It’s a rare misstep for Nestle’s first external CEO for almost 100 years. Even with the 2% drop on Thursday, the shares are up more than 40% since his arrival in January 2017, outpacing Unilever. While Schneider’s made a good start selling off underperformers and making purchases in faster growing areas, such as coffee, pet food and meat substitutes, more reshaping is needed. He has traded — either acquired or moved out of — businesses that accounted for about 12% of total sales in 2017. That’s ahead of his target for changing up 10% by the end of 2020. He’s not done yet. From here the focus will be more on acquisitions than disposals.While expanding in the right growth markets is key, Schneider should also go further in pruning the Swiss food giant. Possible culprits for offloading could be parts of the U.S. frozen foods business, especially pizzas, or some water assets, such as those mainstream brands that can’t be taken up market. The fact that Nestle wrote down the value of its Yinlu business in China could be a prelude to an exit from difficult divisions, for example making peanut milk. However, selling off these businesses may be trickier than previous disposals in confectionery, skincare and ice cream.There’s also a risk that Schneider, in an effort to turbocharge growth, becomes less disciplined when he buys. He indicated that he’s open to a wide array of options, the most promising being small or mid-sized purchases, particularly in the hot market for nutrition and metabolism. He lamented that last year was heavy on disposals, but light on purchases. That should change this year, but he shouldn’t be too eager and so strike rash deals.Schneider is comfortable in the pharmaceutical space, having led German healthcare company Fresenius SE before joining Nestle. Medical nutrition not only has higher growth prospects and margins than many food areas, but it is also less constrained by competition rules because Nestle doesn’t have such a big position. He most recently bolstered Nestle’s medical nutrition arm by acquiring gastrointestinal medication Zenpep and increased the investment in Aimmune Therapeutics Inc., which has developed a product to counter the effects of peanut allergies. It indicates that this area, particularly treatments related to the body’s metabolism, is likely to be a bigger focus.To fund any large-scale ambitions, Schneider has Nestle’s stake in L’Oreal SA, worth about 35 billion euros ($38 billion), to play with. The company has always said that it won’t part with this holding unless it has a strategic use for the proceeds, but but he seemed to be more open to an exit on Thursday. Small- to medium-sized deals wouldn’t require any change. A bigger transaction — which can’t be ruled out — might.Either way, Schneider can’t afford to take the wrong turn. Not only is activist Dan Loeb still on the register, but Nestle’s valuation has increased significantly under his tenure. The shares trade on about 22 times forward earnings, compared with about 20 times for Unilever.The premium is justified by Unilever’s recent sales stumble, as well as its slower pace of portfolio change and less focused approach to acquisitions. That doesn’t mean Nestle won’t be punished if it disappoints in the same way as its rival.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters - UK Focus
Malaysian palm giant bars suppliers amid deforestation worries
Sime Darby Plantation, the world's largest palm oil planter, has suspended two Malaysian suppliers for failing to meet its environmental standards and identified 55 others as "high-risk" in recent months as it fights against deforestation. Sime Darby is potentially one of the biggest losers from a European backlash against an industry accused of clearing vast areas of tropical rainforest to make way for plantations. Company officials said this was the first such action taken since the launch of an online tool last May which allows anyone to trace the sources of its palm oil and raise complaints if necessary.
- Bloomberg
Harry's Fixes Shaving, Breaks Exit Strategy
(Bloomberg Opinion) -- Harry's Inc. billed itself as an alternative to overpriced razors, and the sales pitch worked — too well, in fact.The shaving company’s planned sale to Schick razor maker Edgewell Personal Care Co. officially collapsed on Monday after the Federal Trade Commission sued to block the $1.37 billion deal on anti-competitive grounds.There had been some thought that Edgewell would fight for the Harry’s deal in court, but the company said Monday it’s instead walking away, “given the inherent uncertainty of a potential trial, the required investment of resources and time and the distraction that a continuing court battle would entail.” Shareholders are fine with that: The stock rose more than 20% on Monday after climbing 13% on Feb. 3, when the FTC’s opposition was announced. While investors may be happy to say goodbye to an acquisition that was arguably overpriced, regulators’ opposition to the takeover has wide-ranging ramifications. Among other things, this threatens to close the door on one of the more sure-fire exit strategies for would-be direct to consumer unicorns.In advertisements, Harry's pitched itself as "the shaving company that's fixing shaving." In its complaint, the FTC argues that Harry’s successfully disrupted an effective duopoly between Edgewell and Gillette-maker Procter & Gamble Co. and forced the incumbents to start lowering their prices for razors. Curiously, it argues that this only happened once Harry’s products migrated out of the e-commerce-only environment in which they launched and started appearing on shelves at Target Corp. and Walmart Inc. stores. Using similar logic, the FTC dismisses Dollar Shave Club – acquired by Unilever NV in 2016 for $1 billion – as a full-blown competitor capable of making up for the loss of an independent Harry's in part because it still mainly sells razors via an online direct-to-consumer model.The idea that firm lines exist between the online and brick-and-mortar worlds — and that pricing dynamics in one don’t affect the other — feels rather silly in this day and age. Most consumers wouldn’t distinguish between the two marketplaces, and increasingly, neither would businesses. The FTC’s decision to block the Harry’s purchase is reminiscent of pushback to the merger of Staples and Office Depot in 2016, where the regulator ignored the stream of sales defecting to Amazon and declined to view it as a strong enough competitor in commercial office supplies. Amazon’s 2017 acquisition of Whole Foods Market Inc., by contrast, was waved through without a second glance and closed in just two months.Notably, without Harry’s and without the sales from an infant and pet-care business Edgewell sold in December, the company now expects total revenue to decline as much as 5% this year. When Edgewell had announced the Harry’s purchase last year, it projected a $20 million increase to Ebitda by 2023 from annual cost savings and an additional $20 million boost from revenue benefits, including new brand launches and international expansion opportunities. Antitrust regulation isn’t a forward-looking industry and I don’t think anyone would want to task the FTC or the Department of Justice with picking out the winners and losers of the future. But the result is a system that seems ill-suited to navigating the changes to the economy from e-commerce and direct-to-consumer business models. And while regulators may not want to predict the future, their actions will have a significant impact on what unfolds from here.One of the odd messages being sent by this decision is that it may be better for upstart consumer brands to avoid brick-and-mortar stores if they want to sell themselves to a more-established organization down the road. That’s not going to be helpful for Target, Walmart or the bevy of aging department stores trying to compete with Amazon and make themselves relevant to today’s consumer. Another alternative is for startups to sell out before they get big enough to matter, which raises the odds that smaller brands get swallowed up and killed off rather than nourished into viable competitors. The IPO route looks increasingly closed, at least at the valuations many had enjoyed in the private markets. Some brands will still succeed as independent entities – Glossier, Allbirds and Warby Parker come to mind – but the road to making it big arguably just got tougher.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
ETF Strategies to Play the Wall Street Rally
We discuss ETF strategies to gain from the current momentum in the U.S. financial markets.
- Fool.co.uk
Why I think this FTSE 100 income stock is set for a poor 2020
Jabran Khan reacts to Unilever announcing its slowest quarterly growth in a decade.The post Why I think this FTSE 100 income stock is set for a poor 2020 appeared first on The Motley Fool UK.
- Fool.co.uk
No savings at 50? I’d buy these 2 FTSE 100 stocks to boost a passive income in retirement
These two FTSE 100 (INDEXFTSE:UKX) shares could offer long-term income growth in my view.The post No savings at 50? I’d buy these 2 FTSE 100 stocks to boost a passive income in retirement appeared first on The Motley Fool UK.
- Bloomberg
Big Tobacco’s Future Is Now
(Bloomberg Opinion) -- Cars and cigarettes have at least one thing in common these days: They are both being disrupted by more modern alternatives. So Stefan Bomhard, the chief executive officer of car dealer Inchcape Plc, should have some idea of what he’ll face when he takes the reins at U.K. cigarette maker Imperial Brands Plc.It isn’t easy to find executives willing to move to the much-aligned tobacco industry. But Bomhard looks a good CEO choice for Imperial, which sells Lambert & Butler cigarettes and Blu vapes. The company had decided to part ways with Alison Cooper in October, a week after a profit warning. She will now step down as with immediate effect.Bomhard did a solid job at Inchcape. While the shares are down about 18% since he became CEO in April 2015, underperforming the FTSE All-Share Index, conditions in car dealing haven’t been easy since Britain voted to leave the European Union and consumer confidence crumbled. It’s still a much better performance than the FTSE All-Share General Retailers Index.The downside is that Bomhard doesn’t have any tobacco experience. But this is less of an issue than it would be in, say, general retailing. Imperial will have plenty of executives with many years’ worth of knowledge of the traditional cigarette business, still the biggest and most profitable part of the group. And he should be able to pull on his prior experience with big global brands in the race to grab market share for Imperial’s new products, whatever they may be.The new chief executive spent his career in consumer goods before joining Inchcape, with roles at spirits company Bicardi, chocolate and candy maker Cadbury, and consumer-goods giant Unilever. That should put him in good stead as Imperial attempts to pivot to alternatives to traditional cigarettes, which could in turn, pave the way for it to diversify into dispensing other adult, highly regulated products, such as cannabis.When Bomhard takes up the role at a yet to be determined date, his first task will be to get to grips with the crisis in the U.S. vaping industry. The company is evaluating the impact of the recent Food and Drug Administration ban on flavors aside from menthol and tobacco for pod-based electronic cigarettes, the type it makes.Then Bomhard will have to work quickly to decide where best to focus Imperial’s attention, and investment. Although the group has strong positions in vaping and oral nicotine, it only entered the heat-not-burn market relatively recently. He must decide whether to expand in this category, which has not been drawn into the crisis in the U.S. vaping industry.He could also look at reshaping other aspects of Imperial’s business, including traditional cigarettes. The company is already seeking to raise up to 2 billion pounds ($2.6 billion) through disposals, including a sale of its premium cigar business. But he could go further, say selling off parts of the portfolio in Asia and Africa, and returning the proceeds to shareholders, or investing more in tobacco alternatives.Either way, Bomhard must take decisive action. Shares in Imperial have fallen more than 20% over the past year, and they trade at a 40% discount to Bloomberg Intelligence’s global tobacco manufacturing valuation peer group. The company even lags Altria Group Inc., which is reeling from its disastrous investment in vaping company Juul Labs Inc.Imperial has long been seen as an acquisition target, with Japan Tobacco Inc. tipped as the most obvious contender. Another possibility would be for Japan Tobacco and British American Tobacco Plc to carve up Imperial’s empire between them along geographical lines. So if Bomhard doesn’t light up the Imperial share price, a bigger rival just might.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Fool.co.uk
2 FTSE 100 stocks I’d buy now and hold forever
Matthew Dumigan puts forward a case for two exceptional UK-listed companies.The post 2 FTSE 100 stocks I’d buy now and hold forever appeared first on The Motley Fool UK.
- Bloomberg
India Stocks See Worst January in Four Years Ahead of Budget
(Bloomberg) -- India’s benchmark stock index fell as it capped its worst January since 2016 as the government grapples with measures to spur the slowing economy.The S&P BSE Sensex fell 0.5% to 40,723.49 at the 3:30 p.m. close in Mumbai, resulting in a monthly loss of 1.3%, its worst such performance since July and start to the year since 2016. The NSE Nifty 50 Index fell 0.6%.Local markets will open Saturday, enabling investors to trade as Finance Minister Nirmala Sitharaman outlines India’s annual budget as the government seeks to revive demand. Growth in Asia’s third largest economy is at its slowest pace in more than a decade.As earnings season progresses, 14 out of 26 Nifty 50 companies that have reported results for the quarter through December have missed analyst estimates. ITC, Hindustan Unilever, and Vedanta are due to post results today.Strategist View“There are a lot of expectations on the positive side for the budget,” said Sanjiv Bhasin, an analyst at IIFL Securities Ltd. in Mumbai. “The recent market correction gave investors a good buying opportunity.”The NumbersThirteen of 19 sector sub-indexes compiled by BSE Ltd. declined, led by a gauge of oil and gas companies.Nineteen Sensex shares rose while 11 fellReliance Industreies contributed most to the index decline with a 2.1% fall, ONGC had the biggest drop, falling 5.8%Related StoriesIndia Braces for Deficit Blowout, Higher Borrowing: Budget GuideRichest Asian Banker Ends Feud With RBI, Agrees to Cut Stake To contact the reporter on this story: Ronojoy Mazumdar in Mumbai at rmazumdar7@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Margo TowieFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Fool.co.uk
Is now the perfect time to buy FTSE 100 stalwart Unilever?
Anglo-Dutch giant Unilever plc (LON:ULVR) is struggling to grow, but the investment case remains sound, thinks Paul Summers.The post Is now the perfect time to buy FTSE 100 stalwart Unilever? appeared first on The Motley Fool UK.
- Bloomberg
Tea Time Rings at Unilever
(Bloomberg Opinion) -- Alan Jope’s efforts to instill purpose into the British heritage tea brand, PG Tips, have been all about bringing people together over a nice cup of tea. Now Unilever NV’s chief executive officer wants to cleave the tired tea business apart from the rest of the consumer giant.He’s conducting a strategic review of the division, which also includes the Lipton and Pure Leaf lines, that could lead to a sale or partnership, and possibly even herald a broader exit from the group’s sluggish food business. Facing the slowest quarterly growth in a decade, even before any impact from the deadly coronavirus, Jope must improve performance at the company whose businesses range from Dove soap to Ben & Jerry’s ice cream.Tackling tea, where demand has shifted away from the traditional black beverage to flavorful herbal options, is a good start. The unit, including its operations in emerging markets, generates annual sales of about 3 billion euros ($3.3 billion). Martin Deboo, an analyst at Jefferies, estimates it could be worth about 6 billion euros, assuming a multiple of two times sales.Jope, a long-time Unilever veteran, should have scrutinized Unilever’s portfolio earlier in his tenure that began just over a year ago. But now that he’s finally grasped the nettle, he should go further. His predecessor Paul Polman sold the margarine and spreads arm in the wake of the $143 billion approach from Kraft Heinz Co. three years ago. But since then meaningful disposals in the division have stalledThe food and refreshments unit as a whole generates about 20 billion euros a year of sales, and could have an enterprise value of about 60 billion euros, according to Deboo. Selling it off would leave Unilever concentrated on the household and personal care businesses, which Jope previously oversaw, potentially lifting the company’s growth rate, and its valuation.But such a chunky disposal would require a buyer with a big appetite. Kraft Heinz, already highly leveraged, would struggle. Private equity firms may be interested, but it would still be a large transaction, likely requiring more than one player to join forces.So a more piecemeal approach looks sensible. Other disposal candidates beyond tea are dressings, with annual sales of of about 3 billion euros; savory sauces, stocks and food, including Pot Noodle, with revenue of 6 billion euros; and ice cream, which generates about 7 billion euros of sales. While still sizable deals, they are not impossible for a buy-out group to digest. As my colleague Chris Hughes and I have argued, food businesses may be expanding more slowly, but their stable cash flows can support borrowings, and there is scope to lift margins.Unilever shares, which rose as much as 2% in London on Thursday, are still above their level at the time of Kraft Heinz’s bid in February 2017. But they are at a significant discount to rival Nestle SA. Its CEO, Mark Schneider, is already doing many of the things that Jope should, selling off underperformers for good prices and recycling the proceeds into focused acquisitions.As I have long argued, Kraft Heinz isn’t in a position to come back. But an activist investor might be tempted to weigh in. At current valuations, the prospect of a breakup may be more appealing to a hedge fund than even a double cherry Magnum. So it would be good for Jope to share a brew with some willing private equity buyers. Otherwise he might find it’s an aggressive investor he’s bringing closer. That would make for a far less cosy cuppa.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Unilever Reviews Future of Lipton Tea
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.As the flat white trounces black tea, Lipton owner Unilever is weighing a sale of one of its best-known brands.The Anglo-Dutch giant initiated a review of its global tea business, which includes the more than century-old label and generates sales of almost 3 billion euros ($3.3 billion). The move comes after the company’s slowest quarterly growth in a decade.Unilever is following a consumer shift to coffee as a primary source of caffeine, with takeaway cafes proliferating from London to Beijing and capsule-spewing espresso machines supplanting kettles on kitchen counters around the world.In the U.K., almost 900 million fewer cups of tea were drunk over the 12 months through May 2018, according to trade publication The Grocer. Even those who eschew coffee are giving a pass to the traditional cup of English Breakfast or Earl Grey, opting for herbal alternatives.Demand for black tea has been “slowing in developed markets for several years due to changing consumer preferences,” Chief Financial Officer Graeme Pitkethly said on a call. The strategic review “could include a whole range of options -- no ownership, partial ownership.”Spreads SaleThe review accelerates Chief Executive Officer Alan Jope’s restructuring of the owner of Dove soap and Ben & Jerry’s ice cream, which has been hurt by sluggish demand for big brands. Under predecessor Paul Polman, Unilever sold its margarine and spreads business to KKR & Co. for about $8 billion. The company tried to profit from growth in herbal tea by acquiring the Pukka brand in 2017.The shares rose as much as 1.6% early Thursday in Amsterdam. The tea review is expected to conclude by midyear.The company posted 1.5% growth in underlying sales in the fourth quarter, just above a consensus analyst estimate but still the slowest in a decade. For the full year, sales declined 0.5% in the developed world as shoppers switched to supermarkets’ own-label products and higher-priced niche products.Rival Nestle SA, which has a portfolio of coffee brands including Nescafe and Nespresso, has also launched a sweeping overhaul of its overall lineup, including recent deals to divest portions of its luncheon-meat and ice cream businesses. In 2017, Starbucks Corp. announced that it would close all of its 379 mall-based Teavana stores due to persistent underperformance.Unilever’s strategic review of tea suggests there might be “wider action on the portfolio,” Jefferies analyst Martin Deboo said in a note.Jope has been quicker than his predecessor to rethink Unilever’s business. In 2014, Polman separated the spreads business into a standalone unit, but it wasn’t sold until three years later, after Unilever rejected an unsolicited takeover approach for the whole company from Kraft Heinz Co.Personal CareUnilever’s personal-care business, the company’s largest, is struggling too. In the latest period it was hurt by weak pricing of shampoo and other hair products in the U.S.The souring performance comes a month after Jope warned investors that sales gains would be below earlier guidance in 2019 and in the lower half of its expected range this year.The results cap a tough first year at the helm for Jope. The company will act faster on backing new products when they’re successful or divesting them when they’re not, he said on a conference call with analysts. Managers can tell after about 100 days whether a new product is worth more investment or should be discontinued.Tea has been around much longer, but now looks like it could be one of the first targets for Jope’s cull.“It has been significantly dilutive to growth for the past ten years,” the CEO said on a call.To contact the reporter on this story: Thomas Buckley in London at tbuckley25@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Marthe FourcadeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
Unilever stirs the pot with review of global tea business
Jope has previously said the company was invested in turning around the tea business over the longer term, but the change of plan could soothe concerns of investors who have lamented a lack of urgency in transforming Unilever's struggling food and refreshment business. "We will look at all options for the (tea) business," Unilever finance chief Graeme Pitkethly said after the company's results on Thursday showed group sales grew at their slowest in a decade over the past quarter.
- Reuters - UK Focus
Unilever underlying sales growth beats estimates
- Reuters
Investors find some Unilever foods hard to swallow
Knorr Soups, Lipton Tea, Hellman's sauces and Walls ice cream in June among 28 "purpose-led" brands it said were growing 69% more quickly than the other parts of the business. Unilever declined to comment on its performance or strategic plans ahead of Thursday's earnings report. Kraft Heinz was reported early last year as looking to sell its Maxwell House coffee and Ore-Ida tater tots businesses; Kraft declined to comment.
