UL Stock Recent News

Unilever PLC (LSE:ULVR) faces another spat with subsidiary Ben & Jerry's after the ice cream brand's board called for a permanent ceasefire in Gaza.   Anuradha Mittal, chair of Ben & Jerry's independent board, told the Financial Times that “peace is a core value” to the business, a principle it has stood for in previous conflicts such as Iraq and Ukraine.

Unilever, the world's third-largest consumer goods company, is shifting its focus from quantity to quality, prioritising its top 30 brands. Despite a downward trend in EPS in recent years, Unilever's gross profit margin is improving, and the company is in a stable financial position with promising top and bottom line. With a new CEO and management team, Unilever is implementing strategic changes, including business restructuring and partnerships, aiming for 3-5% annual sales growth.

Unilever's shares have underperformed the market for the past few years but may be at a turning point towards recovery. The company's valuation and normalized P/E ratio suggest that Unilever hasn't been this cheap for more than a decade, also compared to its peers. Commodity inflation has cooled down and UL's 2-year revenue growth has been in line with most of its peers.

Unilever is set to sell Q-Tips and a number of its other personal care and beauty brands. The consumer packaged goods giant on Monday (Dec. 18) announced it had reached an agreement to sell its Elida Beauty unit to Yellow Wood Partners.

British consumer goods giant Unilever has finalized the sale of its non-core beauty and personal care unit, Elida Beauty, to US private equity firm Yellow Wood Partners. The deal, anticipated to conclude by mid-2024, encompasses iconic brands like Q-Tips, Brut, Caress, Timotei, and Tigi, contributing around $1.02 billion in revenues for 2022.

Unilever PLC (NYSE:UL ) Barclays Fireside Chat Conference December 14, 2023 10:00 AM ET Company Participants Hein Schumacher - CEO Conference Call Participants Warren Ackerman - Barclays Warren Ackerman Hello, everybody. I am Warren Ackermann, Head of Consumer Staples at Barclays.

News today that Unilever PLC (LSE:ULVR) is facing a greenwashing probe adds unwanted extra pressure on new chief executive Hein Schumacher, who reportedly has 18 months to turn things around for the underperforming owner of Hellman's, Ben & Jerry's and Persil.  Schumacher, who was appointed in July, in October unveiled his new strategy: faster growth, greater productivity and simplicity from stepping up investment behind the company's existing ‘power brands'.

Unilever Plc is being investigated by the UK's antitrust regulator over “green” claims made by the British arm of the company. Dasha Afanasieva reports on Bloomberg Television.

Britain's competition regulator on Tuesday said it's opened a probe into the environmentally-friendly claims put forward by household products giant Unilever, the latest example of corporate green claims getting scrutinized by regulators.

The UK's competition regulator is to examine ‘green' claims made by Unilever PLC (LSE:ULVR) to make sure shoppers aren't being misled.  The Competition and Markets Authority (CMA) is concerned that Unilever, the maker of Persil and Dove, may be overstating how green certain products are through the use of vague and broad claims, unclear statements around recyclability, and ‘natural' looking images and logos.