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Unilever PLC (UL)

UL on New York Consolidated

55.13USD
26 May 2017
Change (% chg)

$-0.25 (-0.45%)
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$55.38
Open
$54.91
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Volume
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$38.58

Latest Key Developments (Source: Significant Developments)

Unilever chairman says did not hesitate to reject Kraft offer
Thursday, 27 Apr 2017 05:50am EDT 

April 27 (Reuters) - Unilever :Chairman says board did not hesitate to reject Kraft Heinz bid.Chairman says combination would not have been a good fit, glad Kraft walked away quickly.CEO says spreads business has declined for last 20 years.CEO says despite best efforts have not been able to arrest declines though company has improved cashflow by 80 million euros.  Full Article

Unilever to buy U.S.-based condiment maker Sir Kensington's
Thursday, 20 Apr 2017 10:00am EDT 

April 20 (Reuters) - Unilever Plc ::Unilever to acquire Sir Kensington's.Signed an agreement to acquire Sir Kensington's, a New York-based condiment maker.Co-founders Mark Ramadan and Scott Norton will continue in their roles at Sir Kensington's.Terms of deal were not disclosed.Deal is expected to close in next few weeks.  Full Article

Interview-Unilever CFO comments on strategy
Thursday, 6 Apr 2017 02:29am EDT 

Unilever Plc : Interview-Unilever cfo says have spoken to top 50 shareholders ahead of our review . Interview-Unilever cfo says we are looking to produce more value in the short term . Interview-Unilever cfo says shareholders do not want our long term model to change . Interview-Unilever cfo says shareholders did not want spin off of food business . Interview-Unilever cfo says planned step up in margin will come from the food business . Interview-Unilever cfo says we get significant synergies from keeping the food business within the group . Interview-Unilever cfo says will return excess cash periodically in order to return to 2x leverage level . Interview-Unilever cfo says over time we will get to 2x leverage depending on m&a activity . Interview-Unilever cfo says expect to see heightened m&a activity . Interview-Unilever cfo says no change in our strategy for very large m&a deals . Interview-Unilever cfo says starting a process to sell the spreads business, seeing lots of interest .Interview-Unilever cfo says brexit will not have an impact on which listing we choose.  Full Article

Unilever to sell spreads business, launch buy-back
Thursday, 6 Apr 2017 02:08am EDT 

Unilever Plc : Combining foods and refreshment into one organisation, unlocking future growth and faster margin progression . Reconfirming our commitment to a proven long-term model of compounding growth and sustainable value creation . Establishing a net debt / ebitda target of 2x and launching a share buy-back of eur 5 billion this year . Accelerating connected 4 growth and targeting a 20% underlying operating margin, before restructuring, by 2020 . Raising dividend by 12%, reflecting increased confidence in outlook for profit growth and cash generation . Support our business with a higher level of leverage, while retaining benefits of a strong credit rating . This will enable us to enhance value for shareholders through increased capital returns, while maintaining operational and strategic flexibility . For 2017, we remain on track to deliver underlying sales growth ahead of our markets, in 3-5% range, and we expect an underlying operating margin improvement of at least 80bps . Target an overall underlying operating margin, which excludes restructuring, of 20% by 2020 . Future of spreads business now lies outside group . Will look to increase our strategic flexibility for further portfolio optimisation through a review of dual-headed legal structure, with a view to simplifying it.  Full Article

S.Africa's Competition Tribunal says co respondent in Unilever case reaches settlement
Friday, 3 Mar 2017 08:40am EST 

South Africa's Competition Tribunal: Sime Darby Hudson Knight, has reached a settlement with competition commission. Settlement will still have to be confirmed by Competition Tribunal Further company coverage: [ULVR.L] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Unilever sees 2017 core operating margin at upper end of guidance
Wednesday, 22 Feb 2017 08:44am EST 

Unilever Plc :Management of Unilever now expects core operating margin improvement for 2017 to be at upper end of its 40-80 basis points guidance.  Full Article

Unilever issues 1.2 bln euro bonds on European markets
Wednesday, 8 Feb 2017 12:00pm EST 

Unilever Plc : Unilever issues 1.2 billion euro bonds on European markets . Has priced 1.2 billion euro in bonds on european markets today . Bonds comprise 600 mln euro of 0.375 per cent fixed rate notes due February 2023 . Bonds also comprise 600 mln euro of 1.0 per cent fixed rate notes due February 2027 .Unilever intends to use proceeds for general corporate purposes..  Full Article

Unilever CFO says confident Tesco dispute to end soon
Thursday, 13 Oct 2016 03:59am EDT 

Unilever Plc CFO on an analyst conference call: Unilever CFO says overall prices in the UK should start to increase to offset weak sterling . Unilever CFO says price growth in Latin America to moderate and volume to turn positive next year . Unilever CFO says if foreign exchange rates for year stay as they are now, company would see 5 percent hit on topline, 3-4 percent hit on bottom line . Unilever CFO says not expecting market improvement in fourth quarter . Unilever CFO repeats savings goals . Unilever CFO says decline of spreads business in North America has slowed due to improved execution . Says there are "many options" about the future of spreads business but won't speculate on them . Says confident disagreement w/ Tesco will end quickly . Says price increases in UK have landed with other retailers .Says UK price increases are substantially less than company would need to fully recoup impact of higher costs.  Full Article

Unilever to acquire Blueair
Tuesday, 16 Aug 2016 02:08am EDT 

Unilever NV : To acquire Blueair . Blueair had a turnover of US$106 million in 2015 .Terms of the deal were not disclosed.  Full Article

Unilever prices $1.25 bln bond on U.S. market
Tuesday, 26 Jul 2016 02:00am EDT 

Unilever Plc : Prices $1.25bn bond on u.s. Market .Priced a dual-tranche $1.25 billion bond on u.s. market. $550 million 1.375 per cent fixed rate notes are due 28 july 2021, with a further $700 million 2.0 per cent fixed rate notes due 28 july 2026..  Full Article

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