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The Latest Breaking News from Unilever

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

Evening Standard

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.

The Independent UK

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Marmite and Dove manufacturer Unilever to cut 1,500 jobs

It employs 6,000 people in the UK and Ireland

Wales Online

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

Daily Mirror

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

The Guardian - UK

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Break-up chatter at Unilever as Nelson Peltz’s Trian takes stake

The activist investor’s presence on Unilever’s share register increases pressure on embattled CEO Alan Jope

Evening Standard

City comment: Nelson Peltz joins the party at Unilever

Alan Jope is having a busy couple of weeks.

Evening Standard

Stock markets and bitcoin fall amid Ukraine worries and US interest rate rise fears – as it happened

Worries over Ukraine tensions and prospect of US interest rate rises hits stocks, wiping out FTSE 100’s early 2022 gains, before a late recovery on Wall Street

The Guardian - UK

Pressure for shake-up expected at Unilever as activist investor buys stake in firm

Nelson Peltz’s hedge fund takes position in company thrown into turmoil after £50bn offer for a division of GSK

The Guardian - UK

Time for Unilever boss to concede lack of appetite for a big tilt

Shake-up will have to be gradual, and deal-making on a smaller scale needn’t be off the table

The Guardian - UK

Top investor castigates Unilever after failed £50bn bid for GSK arm

Terry Smith says bosses must focus on improving core business or step down after ‘near-death experience’

The Guardian - UK

Unilever’s doomed £50bn GlaxoSmithKline bid was a ‘near-death experience’

Fund manager Terry Smith made a fresh attack on Unilever following the collapse of its bid for GlaxoSmithKline’s consumer-health unit, saying the Dove soap maker needs to focus more on fixing its own business.

Evening Standard

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Evening Standard

City comment: Unilever CEO Alan Jope is walking a tightrope after GSK tilt

Questions remain about strategy despite the GSK climbdown

The Guardian - UK

UK households hit by rising cost of living; Omicron lifts US jobless claims to three-month high – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live: Unilever shares rise as Glaxo interest cools, China cuts rates, Nasdaq in correction territory

The Nasdaq’s slide into “correction” territory after falling 10% since November today failed to unsettle the FTSE 100 index.

Bangkok Post

Unilever won't up £50bn offer for GSK-Pfizer unit

LONDON: Consumer goods giant Unilever on Wednesday said it would not increase a £50-billion offer for the consumer healthcare unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer.

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Birmingham Post

Marmite maker Unilever urged to focus on health by shareholder group after difficult week

The group sold PG Tips and Lipton to CVC Partners for £3.8bn towards the end of 2021

The Guardian - UK

Big questions for Unilever board after GSK pursuit ends

Delivering a minor heart attack to the share price, however temporarily, is not a good look

The Guardian - UK

Unilever will not increase £50bn offer for GSK consumer arm

Company says data shared by GSK suggests ‘fundamental value’ of business no higher than offer

The Independent UK

Unilever won't top $68B bid for GSK consumer healthcare unit

Unilever, the maker of Vaseline skin care products and Dove soap, says it won’t increase a 50 billion-pound ($68.2 billion) offer for GlaxoSmithKline’s consumer healthcare unit that was rejected last week

Evening Standard

Unilever vows not to increase GSK bid

Unilever has effectively ruled out a fourth takeover approach for GlaxoSmithKline’s consumer healthcare business after vowing not to increase its offer.

The Guardian - UK

Little ingenuity needed to spot the weakness of THG

The value of the e-commerce firm’s ‘end-to-end technology solutions’ doesn’t seem clear – no wonder investors went cold

The Guardian - UK

Unilever ‘could lose credit rating’ with purchase of GSK consumer arm

Deal could swell Unilever’s debt pile, says ratings agency Fitch

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