Unilever’s top-to-bottom review of its business following the rejection of the £115bn bid from US Kraft Heinz earlier this week is likely to lead to the Anglo-Dutch company disposing of some of its underperforming food business, according to City analysts.
Food manufacturing workers and shoppers should not become “collateral damage” victims of the government’s “chaotic” handling of Brexit, claims the GMB and Unite unions, after Unilever and Tesco rowed over the price of Marmite and PG Tips.
Unilever’s results for the first half of 2016 have shown profitable growth in what it claimed were challenging markets particularly in Europe, where underlying sales were flat and volume growth offset continued price deflation.
Unilever’s relatively flat food business sales for the second quarter (Q2) of the year reported last month and increasing focus on high-end personal care products, will inevitably raise further speculation about its commitment to the sector and the likelihood...
Unilever’s poor food results in its first financial quarter (Q1) update for 2014 remained “disappointing”, affected by the late timing of Easter, but the company’s overall outlook was strong, City analysts have said.