Hints and tips:
...Dollar-earning consumer staple companies such as Unilever and British American Tobacco also climbed....
...We’re expecting transaction volume to decelerate pretty significantly — it already has,” said Brad Hyler, head of Brookfield’s $52bn European real estate portfolio, in an interview with the FT’s George Hammond...
...Reading Unilever’s tea leaves On Thursday Unilever announced the €4.5bn sale of its tea division to the private equity firm CVC Capital Partners....
...Unilever veteran Isabelle Esser has joined the board of Tate & Lyle as a non-executive director....
...Over 70% of RB shareholders currently also hold Unilever shares, we estimate....
...We do not believe this a precursor to a demerger of Unilever’s food business from its HPC business (nor a precursor for a large equity-funded acquisition)....
...To non results sellside, and BAT’s upgraded at Morgan Stanley in a sector note, which also downgrades Unilever....
...SocGen also revisits its idea about a “merger with Unilever (post-unification) and the ultimate creation of an ‘HPC only’ business, which would see Unilever Food operations and [Mead Johnson Nutrition] combined...
...But it must do what it can — as Mr Hammond did in this week’s Spring Statement — to create a stable, predictable environment for business....
...Corporate earnings and updates for Wednesday include Sage Group, Hugo Boss, Anmarsat, Direct Line, Paddy Power Betfair, Ocado and Unilever....
...However, people familiar with the matter say prime minister Theresa May does not intend to significantly strengthen Britain’s light-touch takeover regime, following warnings from chancellor Philip Hammond...
...Boris Johnson, foreign secretary, said of Unilever’s choice of Rotterdam was “really an accounting decision”, while chancellor Philip Hammond said it would not affect the amount of tax paid by the company...
...Hammond’s unwise outsourcing: The chancellor’s Spring Statement was, as billed, not an active intervention in tax and spending....
...Today’s opinion Ingram Pinn’s illustration of the week: Going Dutch Unilever moves base from UK to Netherlands The Big Read: US economy learns to tune out Trump-induced chaos While the White House lurches...
...Uni-leave-er Anglo-Dutch consumer goods giant Unilever is considering moving its headquarters from the UK to Rotterdam....
...However, Mr Hammond said last weekend that “pretty much everyone around the cabinet table” supported some kind of transitional deal....
...Despite such calls for a stouter defence of British jobs, Philip Hammond, the chancellor, has argued strongly that if the UK is serious about forging a future outside the EU as a global trading champion,...
...Credit Suisse has appointed David Hammond and Spyros Svoronos as Americas co-heads of its global industrials investment banking and capital markets team, according to an internal memo sent by the investment...
...Paul Polman, chief executive of Unilever, said before the meeting that: “increasingly people have a broad realisation that the timeline is tight” and that the prospect of a long transition was “more realistic...
...Ministers were relieved that Kraft Heinz of the US walked away from its takeover bid for Unilever, the Anglo-Dutch company, as this would have tested the prime minister’s apparently protectionist stance...
...When Japan’s SoftBank launched its £24.3bn takeover of Arm last summer, Mrs May waved it through — with commitments on jobs and the UK headquarters — and Mr Hammond called it “a great vote of confidence”...
...Food prices hit the headlines last week, when Unilever products, including the spread Marmite, briefly disappeared from the website of retailer Tesco after a dispute over which company should bear the cost...
...BAT, Unilever and Diageo were top. Top bankers will quiz new chancellor Philip Hammond today on Brexit....
...It also reflected heightened political risks in a week when consumers were confronted by the looming threat of price rises by the spat between Unilever and Tesco over the pricing of Marmite and other foods...
...Justin Bowden, the GMB union’s national secretary for energy, said: “Theresa May’s decision to review the go-ahead on HPC is bewildering and bonkers....
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