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...Unilever’s advisers began their outreach to private equity firms only after the company’s formal announcement, one of the people said....
...The Shenzhen-based company’s founder and chair Li Yi hopes between 10 and 30 per cent of this year’s revenues will come from EV equipment, up from “almost nothing” in 2023....
...The group invests in companies in Europe and North America. Some of its investments include a stake in Froneri, one of the world’s largest ice cream companies. Ardian and PAI declined to comment....
...Analysts at Barclays estimate the ice cream business to be worth up to €17bn, and Unilever is the industry leader with 20 per cent share of the global ice cream market....
...“I should have done some work on Apple,” he lamented on CNBC’s Squawk Box last year....
...Froneri is now the world’s second-largest ice cream maker after Unilever; it started with R&R Ice Cream, a North Yorkshire company that originally made ice cream for Morrisons....
...The company said its productivity programme would deliver savings of about €800mn over the coming three years, “more than offsetting operational dis-synergies” from the separation of ice cream....
...But breaking the ice on Europe’s listings market isn’t for the faint-hearted....
...a black box....
...Imagine that the new ice-cream company traded in line with the valuation at which Nestlé sold Häagen-Dazs in 2019, and lop the resulting €17bn (£14.5bn) off Unilever’s current £118bn of enterprise value....
...Laying out the reasons for exiting the ice cream business, Unilever pointed to the lack of overlap on supply chains with the rest of the company and said that it was also more seasonal....
...The combined group would have a market capitalisation of £3.9bn and a portfolio of £6.3bn, making it the country’s fourth-largest listed landlord, the companies said....
...Two of UKCM’s largest shareholders, insurer Phoenix and wealth manager Investec, who together own 56 per cent of the company, have given non-binding support for the deal, the company said....
...As a burlesque of timely concerns about the decay of democracy and diplomacy and the rise of populist authoritarianism, the show is neither particularly funny nor penetrating, the humour too broad, the allusions...
...The AI “red box” tool, a reference to the way it may help members of the government complete the work in their ministerial red boxes, is able to grab and condense information from official sources, such...
...In overturning his pay package, the court said Musk, who owns more than a fifth of the company, was too cosy with Tesla’s board and the value of the package was unfair to other shareholders....
...A recent ruling in a lawsuit brought by a medical company may provide some answers. Today on the show, host Ethan Wu asks FT reporter Joe Miller about the case, brought by Northwest Biotherapeutics....
...Ben & Jerry’s board has called for a permanent ceasefire in Gaza, in a move that risks reigniting tensions with parent company Unilever over the ice cream maker’s stance on Israeli policies....
...The box is not infallible: for all it knows, I could be driving slowly on the wrong side of the road, or through a red light....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...“Dune: Part Two will pump life into the box office, and not a minute too soon,” said Paul Dergarabedian, senior analyst at Comscore....
...“Box to Box is really the first to crack that code, which has caught the attention of the global sports industry.”...
...Britain has been demanding better access for UK professional services companies to the Indian market as well as big cuts in tariffs on exports, including whisky and cars....
...sure why French Canadians are judged less trustworthy than their Anglophone compatriots; polite answers only in the comment box)....
...“You can wear Jessica to the Met – and be in great company – but also on the school run. She really gets the multi-dimensional life that people lead, and that’s why they love her.”...
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