Marmite and Dove soap-owner Unilever is to cut about 7,500 jobs worldwide, as part of an extensive three-year cost-saving plan.
The group also said it would split off its ice cream business which includes the Wall's, Ben & Jerry's and Magnum brands.
The food and household goods giant said the spin-off will start immediately and should be completed by the end of 2025.
Unilever said the shake-up would help it to "do fewer things better".
The job cuts, which Unilever said would mostly affect office staff, represent more than 5% of its 128,000 global workforce and are aimed at saving around €800m (£684m) over the next three years. |
#Kenyo, a demerger of Ice Cream is the most likely separation route, and in that case we expect the company to operate with a capital structure in line with comparable listed companies.
Separation activity will begin immediately, with full separation expected by the end of 2025. Further information will be provided in due course.
So yes, something like the GSK/HLN spin off in 2022.. |
Minibull today is already out of steam. Very hard to break the £40 ceiling.
When I bought ULVR back in 2020 I thought we would see £60 in 2025. No prediction was poorer than this. |
They will look to sell IC, we've seen this before with spreads, tea, etc.
A trade buyer/PE is what they want. |
I quickly deleted my post as I realised reading a news report that it wasn't clear yet what exactly would be happening but you were too quick off the mark, so thanks for your reply anyway. |
#Kenyo, only if it is listed separately, more likely to be a subsidiary company under the same umbrella though.. |
Alotto, because there are a lot of jobs and expensive and complicated infrastructure to be dealt with. Hein seems keen on pruning, I hope he keeps some of the branches and doesn't kill the roots. imo the problem is not really the business, it's the mediocre VP and SVP levels and the overly political culture. Always has been. |
Why the spin off is going to cost 1.2% of revenue? That's a hell lot of money. |
RNS out for Ice Cream spin off. Glad to accumulate at these prices.GL all. |
Funny how Unilever was a safe harbour during the pandemic though. Very hard to take a position. I'm in for the long run, although dividend yield is much better in many other places. |
fmcg not a safe space right now. I'm out for the time being. |
https://www.businesspost.ie/news/activist-investor-takes-stake-in-greencore-reports/ |
£132m portfolio isn't that big tbh |
 Columbia’s ‘Alpha’ stock picker tops up Unilever
Columbia Threadneedle manager Jeremy Smith has added to his position in Unilever (ULVR) which he believes has ‘significant levers’ to accelerate growth.
Smith topped up his stake in the Citywire Elite Companies AA-rated consumer giant through his CT UK Equity Alpha Income fund, where it is the fourth-largest holding at 5.3% of the £132m portfolio.
He said he was ‘encouraged217; by board changes, with a new chair, chief executive and chief financial officer ‘enhancing the quality of the management team’.
‘Unilever has had a poor decade due to a lack of focus and too many conflicting key performance indicators,’ said Smith.
‘However, we believe that the business has significant levers to accelerate organic growth and improve returns.’
He added that the group, which owns brands such as Dove and Flora, is ‘well positioned to adapt to ever-more stringent regulation around plastic waste, and the firm is working to make its products more appealing to environmentally engaged consumers without threatening its growth ambitions’.
Shares in Unilever added 0.5% to £39.05 on Wednesday. They are down 4% over the past year.
citywire.com |
The company sounds too high tech to work on this kind of things. Whatever floats their boat ⛵ |
"Over the past two years, we have worked closely with the team at Unilever, to develop successful binders and are pleased to see the promising results the binders are delivering in their laboratories"
A binding agent in foodstuffs. |
www.ajbell.co.uk/articles/latestnews/273347/aptamer-shares-jump-successful-unilever-contract-progression
#2985 more info here |
"Aptamer and Unilever are now drafting patent applications to protect these developments and downstream commercial applications."
What on earth is Unilever going to put into market, this does not look like a consumer good product?! |
I'm neutral on that Phil but all I would say is that a shift from Amsterdam to London and then to NY in a short time frame would be highly unusual. I don't think it will happen personally. I'm happy to hold. The latest swoon is more to do with sterling strength atm I believe. |
Abandon this rubbish UK market and just list in the USA. |
A miracle perhaps? |
What would it take to see Unilever trading around its historical high of about £50 per share? |
Won’t be surprised if it goes below 37 before update near the end of April. |
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