|Bid||4,400.00 x 7700|
|Ask||4,470.00 x 40000|
|Day's Range||4,403.50 - 4,488.23|
|52 Week Range||3,678.50 - 4,557.50|
|PE Ratio (TTM)||17.48|
|Earnings Date||Oct 18, 2018|
|Forward Dividend & Yield||1.31 (2.95%)|
|1y Target Est||49.76|
Consumer goods multinational Unilever reports lower than expected second-quarter sales, setting a downbeat tone for the sector. Francis Maguire reports.
US president Donald Trump has asked the Securities and Exchange Commission to consider scrapping the demand that public companies report their earnings every three months, weighing in on a practice many blame for corporate short-termism. The unexpected intervention in a debate that has exercised executives and large investors came in a Twitter post in which Mr Trump said he had asked “some of the world’s top business leaders” what would improve business and the US job market. Indra Nooyi, PepsiCo’s outgoing chief executive, had suggested shifting from quarterly reporting to a “six-month system”, he said, predicting that such a move would “allow greater flexibility & save money”.
Ben & Jerry’s, the ice-cream maker known for its social advocacy as much as its chunk-filled flavors, has a new chief executive who is promising to ramp up the brand’s corporate activism. Matthew McCarthy, a food-business veteran of Unilever PLC, which bought Ben & Jerry’s in 2000, succeeds Jostein Solheim as CEO. Mr. Solheim, another longtime Unilever executive, led Ben & Jerry’s for eight years and is moving into a broader role overseeing all of the Anglo-Dutch company’s food and refreshment businesses in North America.
IBM (IBM) is aiming to strengthen its blockchain platform with the introduction of LedgerConnect, a joint effort between IBM and foreign exchange service company CLS. The new product is intended to be a one-stop solution for financial companies wanting to develop blockchain applications. Nine financial companies, including Barclays (BCS) and Citigroup (C), are willing to experiment with the new platform within their systems. Blockchain technology is useful for tracking inventories and sharing information on a secured platform, saving businesses time and boosting efficiency.
IBM’s (IBM) Global Business Services unit, which represents ~21% of its total business, comprises its consulting, global business services, and application management offerings. In the last five quarters, the segment has grown 0.6% compounded annually, driven by improvement in its consulting business.
PARIS (Reuters) - Supermarket retailers Carrefour (CARR.PA) and Tesco (TSCO.L) said on Monday that they expected their previously-announced purchasing alliance to become operational in October. The companies ...
If you are interested in cashing in on Unilever NV’s (AMS:UNA) upcoming dividend of €0.39 per share, you only have 2 days left to buy the shares before its ex-dividendRead More...
Danone (DANO.PA) is counting on baby food sales in China to help power annual earnings higher despite setbacks in Morocco and Brazil that slowed second quarter sales, the French food group said on Friday. "We are entering the second half with an operating model capable of offsetting these headwinds," Chief Financial Officer Cecile Cabanis said on Friday, referring to a boycott in Morocco and a trucking strike in Brazil. Danone "will progress towards its 2020 ambition through further sales growth and an improved recurring operating margin," the group said in a statement.
Using data about its customers' shopping habits, Target homed in on shoppers who likely had allergies and showed them ads for Dyson's cordless V6 vacuum on social media and Target's website. Data about real people and real behaviours “actually get a much stronger result because the fidelity of that data is so much richer," said Kristi Argyilan, Target's senior vice president of media and guest engagement. Retailers ranging from Target and Walmart Inc (WMT.N) to grocers such as Tesco Plc (TSCO.L) are working aggressively to attract big advertisers to their websites in a bid to drive sales, according to interviews with retailers, packaged goods makers, consumer data firms and marketing consultants.
The UK's top share index held its ground on Friday, outperforming a broadly negative European market, as global trade uncertainty and political troubles closer to home spurred demand for defensive stocks and earnings filtered through. The blue chip FTSE 100 (.FTSE) index was up 0.1 percent at 7,694.98 points by 0916 GMT. The FTSE, dominated by companies with large foreign currency earnings, has found support from weakness in the pound, which has been on the backfoot this week amid signs of discord in Prime Minister Theresa May's party over her Brexit strategy.
LONDON—A fierce price war between consumer goods giants hit Unilever PLC hard in the first half. The Anglo-Dutch maker of Dove soap and Magnum ice creams reported anemic sales growth and lower profit for the six months to June 30 as it discounted some products and struggled to raise prices on others in North America and Europe. Unilever, like other consumer goods companies, has long relied on selling new or improved versions of products at higher prices to boost growth.
By Danilo Masoni MILAN (Reuters) - Earnings updates were the main focus on Thursday as Britain's top share index inched higher, but it stayed within recent tight ranges as caution over the outcome of Brexit ...
Unilever expects sales growth to accelerate in the second half of the year, as it pushes through price rises to offset higher commodity costs and works to collapse its dual-headed structure. An increasing number of UK-based shareholders are voicing concern about the plan to make Rotterdam its headquarters, which will likely seen Unilever drop out of Britain's blue chip FTSE 100 index. "We don't think the changes, as they currently stand are in the best interests of the company's UK investor base and we will be urging the group to reconsider its plans," Hargreaves Lansdown portfolio manager Steve Clayton said on Thursday.
Unilever expects sales growth to accelerate in the second half of the year, as it pushes through price rises to offset higher commodity costs and works to collapse its dual-headed structure. The Anglo-Dutch maker of Dove soap and Ben & Jerry's ice cream also updated investors on Thursday on its consolidation into a single entity, saying it was "very confident" of getting the shareholder support required to complete the transition at the end of the year. An increasing number of UK-based shareholders are voicing concern about the plan to make Rotterdam its headquarters, which will likely seen Unilever drop out of Britain's blue chip FTSE 100 index.
Check out the companies making headlines before the bell: Travelers TRV – The insurance company posted quarterly profit of $1.81 per share , well below the consensus estimate of $2.42 a share. Revenue was above forecasts, but the results were heavily impact by significant catastrophe losses, much of it weather-related.
Unilever, which saw off a $143 billion approach from Kraft Heinz Co. 18 months ago, is doing just the opposite. On Thursday, the company reported second quarter organic sales growth below analysts' expectations. A strike by truck drivers in Brazil cut first half organic sales growth by 0.6 percentage points.
By Helen Reid LONDON (Reuters) - A rally in European stocks fizzled out on Thursday as poor results drove down advertising agency Publicis and a slide in metals prices dragged on the market. As the earnings ...
Unilever (ULVR.L) (UNc.AS) expects sales growth to accelerate in the second half of the year, as it pushes through price rises to offset higher commodity costs and works to collapse its dual-headed structure. An increasing number of UK-based shareholders are voicing concern about the plan to make Rotterdam its headquarters, which will likely seen Unilever drop out of Britain's blue chip FTSE 100 index (.FTSE). "We don't think the changes, as they currently stand are in the best interests of the company's UK investor base and we will be urging the group to reconsider its plans," Hargreaves Lansdown portfolio manager Steve Clayton said on Thursday.
Unilever said it will make up some lost ground in the second half after a strike in Brazil held back sales growth in the early part of the year. The more upbeat outlook comes after the maker of Ben & Jerry’s ice cream and Dove soap on Thursday reported sales growth below analysts’ expectations after truckers walked off the job earlier this year in the Latin American country to protest rising fuel prices. As Chief Executive Officer Paul Polman prepares to leave after nearly a decade, he’s completing work on a plan to consolidate the company’s headquarters in the Netherlands, despite dissent from some investors.
Consumer goods maker Unilever reported lower-than-expected second quarter sales on Thursday, hurt by a Brazilian transport strike and weak pricing.
Palm oil sourced from illegally cleared rainforest areas in Indonesia has flowed through traders to major consumer goods brands despite widespread commitments to cease purchases of non-sustainable oil, a new report says. Palm oil companies Royal Golden Eagle (RGE), Wilmar (WLIL.SI), Musim Mas Group and Golden Agri Resources (GAGR.SI) sold oil from 21 "tainted" mills to more than a dozen global brands including Nestle (NESN.S) and Unilever (ULVR.L) (UNVR.L), according to the report by Eyes on the Forest (EoF), a coalition of environmental NGOs including WWF-Indonesia.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines BT loses broadcast rights in UK for Italian Serie A football ...