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The Latest Breaking News from Unilever

Screeching U-turn as Unilever’s shareholders balk at £50bn GSK deal

Riot in ranks sends ‘strong message’ against tilt at GlaxoSmithKline’s consumer division

The Guardian - UK

Marmite, Magnum and Hellmann's prices to rise as costs soar

Consumer goods giant Unilever has warned the prices of some its most popular brands will increase

Liverpool Echo

Unilever warns of price hike as favourites like Magnums and Marmite get more expensive

Consumer goods giant Unilever has warned that it will be rising prices of some its most popular brands. Here’s what you need to know as the price of some of your favourite products look set to rise

Daily Mirror

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Ben & Jerry’s Ukraine tweet gets frosty reception from Unilever boss

Ice-cream maker is best to avoid subjects where it lacks ‘expertise or credibility’, says parent company CEO

The Guardian - UK

Unilever CEO Alan Jope serves up ‘red meat’ with buyback and pledge not to do big deals

Under-pressure Unilever CEO Alan Jope today tried to placate restless investors with “red meat” offerings as he tries to move on from a botched bid for GlaxoSmithKline’s consumer healthcare business.

Evening Standard

Price of Marmite, Magnums and more set to rise due to ‘dramatic’ increase in costs, warns Unilever

Prices are already rising, up 2.9% over 2021 as a whole and 4.9% in the fourth quarter

Evening Standard

Unilever expects more price rises for shoppers on back of higher costs

Marmite and Dove maker forecasts cost inflation of £3bn for coming year and rules out more big deals

The Guardian - UK

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Unilever rules out big acquisitions after failed £50bn GSK consumer bid

The consumer giant also signalled that customers will continue to face higher prices amid efforts to control spiralling costs.

The Independent UK

Wall Street drops as interest rate rises loom after US inflation hits 7.5% – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

FTSE 100 Live: US inflation hits 40-year high, Informa sells pharma division to Warburg Pincus

Unilever’s under-fire boss Alan Jope today called off his dealmaking efforts after the failure of a £50 billion pursuit of GlaxoSmithKline's consumer healthcare brands.

Evening Standard

RS announces takeover of ULife in B880m deal

SET-listed RS announced yesterday the acquisition of the entire business of Unilever Life (ULife), a direct sales business unit of the global consumer product conglomerate Unilever, with an investment of roughly 880 million baht.

Bangkok Post

MBO at engineering company which works with Shell, P&G and Unilever

The company was founded in 1983 and employs 25 people

Birmingham Post

‘Woke’ capitalism is the new villain of the right. It’s also the only way forward

Ignoring stakeholders has led Britain to where it is today. After Covid, it’s time to reset

The Guardian - UK

Unilever vs. Kimberly-Clark: Which Stock is a Better Buy?

Despite rising inflation, the inelastic demand for their products and their impressive dividend payout histories should help Unilever PLC (UL) and Kimberly-Clark Corporation (KMB) withstand market volatility and deliver steady returns. But which of these stocks is a better buy now? Read more to learn our view.

StockNews.com

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The Conversation

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…

Evening Standard

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?

The Guardian - UK

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

Birmingham Post

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

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Evening Standard

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

The Independent UK

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.

Wales Online

Marmite and Dove manufacturer Unilever to cut 1,500 jobs

It employs 6,000 people in the UK and Ireland

Daily Mirror

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

The Guardian - UK

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

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