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London, United Kingdom | AFP | British consumer group Unilever on Thursday warned that it expected prices to remain high into next year as decades-high inflation takes time to come down. “The global macroeconomic outlook remains mixed, and we expect the challenges of high inflation to persist in 2023,” Unilever’s outgoing chief executive Alan Jope said in a statement. The group whose brands include Magnum ice cream, Cif surface cleaner and Dove soap, revealed an […]
LONDON, United Kingdom (AFP) — British consumer goods group Unilever on Thursday logged a rising net profit in 2021 but warned that soaring inflation would ramp up costs again this year. Profit after tax rose 8.4 percent to six billion euros ($6.9 billion) last year, Unilever said in a statement. The group, which has faced fierce criticism over its recent failed $50-billion bid for the health care unit of drugmaker GlaxoSmithKline, ruled out any […]
LONDON, United Kingdom (AFP) — Consumer goods giant Unilever on Monday revealed ongoing interest in a consumer health care unit jointly owned with pharmaceutical groups GlaxoSmithKline and Pfizer after a bid of £50 billion ($68 billion) was refused. “GSK Consumer Healthcare would be a strong strategic fit,” Unilever said in a statement as it unveiled a strategy update in the wake of the weekend’s takeover news. Unilever said it was “committed to accelerating the company’s […]
PARIS, France (AFP) – Only 14 companies are making top-grade efforts on the climate, the organisation that scores environmental efforts by companies for investors said Tuesday. The NGO Carbon Disclosure Project (CDP) said only 14 out of nearly 12,000 firms that it scores received A marks in all the three areas of climate change, forests and water security in 2021. Among those were consumer goods firm Unilever, food group Danone, cosmetics maker L’Oreal and tobacco […]
BRASILÍA, Brazil (AFP) — An unprecedented coalition of 230 environmental groups and Brazilian agrobusiness companies have sent an open letter to President Jair Bolsonaro urging him to fight deforestation in the Amazon rainforest. The Brazil Climate, Forests and Agriculture Coalition brings together a disparate group of members ranging from the World Wildlife Fund to the world’s biggest meat processing company, JBS, which has itself been accused of contributing to deforestation. The coalition sent Brazil’s far-right […]
LONDON, United Kingdom (AFP) — Anglo-Dutch consumer giant Unilever on Wednesday unveiled a one-billion-euro plan to remove fossil fuels in the production of cleaning and laundry products which have experienced soaring demand from coronavirus-fearing consumers. The initiative, worth the equivalent of $1.2 billion, will replace all the carbon derived from fossil fuels used in the production of some of Unilever’s best-known products by 2030, it said in a statement. Unilever aims to transform the sustainability […]
THE HAGUE, Netherlands (AFP) — Food and consumer products giant Unilever said Thursday profits soared in the first half of 2017, raking in 3.3 billion euros after the Anglo-Dutch firm spurned a takeover bid by US rival Kraft Heinz. The 22.4 percent hike in the first six months compared to the same period last year showed “a substantial step-up in profitability despite the persisting volatile global trading environment,” chief executive Paul Polman said. “The transformation of […]
THE HAGUE, Netherlands (AFP) – Dutch food and cosmetics giant Unilever posted Thursday a rise in sales for the first half of 2016, boosted by mens’ grooming products, but warned of “no sign of an improving global economy”. Total sales clocked in 2.6 percent higher at 26.3 billion euros ($29 billion) and net profit stood at 2.7 billion euros, up by 2 percent from 2015. Unilever said the first half of the year was marked by “a period […]
