UL Stock Recent News

Unilever PLC (NYSE:UL ) Q2 2024 Earnings Conference Call July 25, 2024 3:00 AM ET Company Participants Hein Schumacher - CEO & Director Fernando Fernandez - CFO & Director Gemma S. - Global Head of Media Relations Conference Call Participants Celine Pannuti - JPMorgan Chase & Co. Jean-Olivier Nicolai - Goldman Sachs Group James Edward Jones - RBC Thomas Sykes - Deutsche Bank Jeffrey Stent - BNP Paribas Exane Guillaume Delmas - UBS Bruno Monteyne - Sanford C.

The British company, whose vast portfolio of brands spans Dove, Axe, Knorr and Vaseline, recorded sales growth across all segments in the first half of the year.

Unilever PLC (LSE:ULVR) shares rallied close to 6% this morning as investors shrugged off missed quarterly guidance and turned their attention to the prospect of greater profitability later in the year. Soaring to record highs at the open, the consumer goods giant said its underlying operating margin had increased by 250 bps to 19.6%.

Unilever has just released a new Persil product called Wonder Wash. Tania Bryer tours the group's R&D facilities to find out how technology helped develop the new product.

Richard Slater, Chief R&D Officer at Unilever tells Tania Bryer that his department's mission is to innovate boldly and that the group focuses on 30 ‘power' brands. --- Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci

Unilever PLC (LSE:ULVR) is forecast to report 4.7% year-on-year underlying sales growth in the second quarter, according to UBS analysts. Total sales volumes are tipped to expand by 3%, with an observable increase in gross margins also predicted.

The Unilever (NYSE: UL) share price has done well this year. It has risen for nine straight months, pushing it to its highest point on record.

Unilever (UL) said it is discussing layoffs with employees following news that the diversified consumer products company would be slashing a third of its office staff in Europe.

Dual-listed FMCG giant Unilever PLC (LSE:ULVR) plans to cut a third off its office-based workforce in Europe, according to a Financial Times report. Up to 3,200 team members will lose their jobs under the reported restructuring, which forms part of what Unilever has dubbed a “productivity programme”.

Unilever plans to cut a third of all office roles in Europe by the end of 2025 as a part of a push by the CEO to revive growth at the struggling consumer goods giant.