Hints and tips:
...Unilever, Siemens and Maersk are among those using AI to negotiate contracts, find new suppliers, or help identify those connected to issues including the alleged repression of Uyghur Muslims in China’s...
...News round-up Iliad proposes merger of Italian operations with Vodafone Italia (FT) Software AG sells data platform to IBM for €2.1bn (FT) Intermarché and Auchan open talks on buying Casino stores (FT...
...The Belgian-Swiss Barry Callebaut is unlikely to be on the list even though its chocolate is found in treats such as Unilever’s Magnum ice creams....
...News round-up Unilever urged to seek outsider chief after Alan Jope tenure (FT) Qatar funds RWE’s $6.8bn green energy deal in US (FT + Lex) Prosus scraps $4.7bn deal for Indian payments group BillDesk...
...This edition features these stories from ft.com Credit Suisse investment bank warns of trading slowdown Unilever to cut 1,500 jobs in management shake-up DWS chief under scrutiny over €160,000 ‘Porsche...
...Job moves Alan Jope is to retire as chief executive of Unilever at the end of 2023 following investor discontent over lacklustre performance during his time leading one of the world’s largest consumer goods...
...This edition features these stories from ft.com António Horta-Osório resigns as Credit Suisse chair over Covid breaches Unilever defends £50bn bid for GSK consumer health unit Billionaire Leon Black targets...
...The price rises echoed those of competitors such as Unilever and Procter & Gamble, along with food groups such as Nestlé, which have also begun passing on steep rises in commodity costs to consumers....
...The investment pile-in comes as corporate giants such as Unilever, General Electric, IBM, Siemens and Johnson & Johnson break themselves apart to streamline their operations....
...At the investment trust, several of the largest holdings have suffered including the London Stock Exchange, Unilever, Heineken, AG Barr and Nintendo, which each fell in value by 20 per cent or more “from...
...Like GE, Procter & Gamble, another reliable blue-chip leader-mill, fluffed its succession plan in 2009 and had to recall AG Lafley as chief executive....
...This week master stock picker Terry Smith unloaded on green pioneer Unilever, saying its management was “obsessed with publicly displaying sustainability credentials at the expense of focusing on the fundamentals...
...(New York Times) News round-up Leon Black says former Apollo protégé conspiring to ‘destroy’ him (FT) Unilever to cut 1,500 jobs in management shake-up (FT + Lex) Credit Suisse investment bank warns...
...The fog is clearing for Unilever....
...Berkshire reported a multibillion-dollar writedown in 2019 on its stake in Kraft Heinz, which came roughly two years after the big consumer company failed to get a takeover of Unilever over the line....
...(FT) News round-up VW offers $2.9bn for control of US truckmaker Navistar (FT) Unilever to review global tea business amid slow growth (FT) Japan issues arrest warrants for Carlos Ghosn’s alleged US...
...The firm was recently reported to be advising Unilever’s board on the search for a replacement for Paul Polman as chief executive, and last year helped select candidates to head Infosys of India....
...business could net Thyssenkrupp as much as $20bn, the people said. 3G has been looking to strike a blockbuster investment after Kraft Heinz, which it controls along with Mr Buffett, failed to acquire Unilever...
...They are cheap, too: at 6.4 times, less than half that of international listed peers Open Text and Software AG....
...Jope wants to give Unilever a makeover Alan Jope has been busy....
...The former Unilever executive is ceding management control to former Walgreens executive Ken Murphy. More here + Lex....
...Unilever shares fell as much as 4 per cent on Wednesday....
...Unilever sold less ice cream while Irn Bru maker AG Barr saw its soft drinks sales drop sharply....
...He will be succeeded by Alan Jope, the Scottish executive who has been running Unilever’s beauty and personal care business....
International Edition