Unilever

Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. The Beauty and Personal Care segment offers skin cleansing, hair care, skin care, and deodorants categories. The Foods and Refreshment segment sells ice cream, savory, dressings, and tea. The Home Care segment includes fabric category and a wide range of cleaning products. The company was founded by Antonius Johannes Jurgens, Samuel van den Bergh, and William Hulme Lever on January 1, 1930 and is headquartered in London, the United Kingdom.

Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment offers hair care, skin care, and prestige beauty and health & wellbeing. The Personal Care segment consists of sales of skin cleansing, deodorant, and oral care products. The Home Care segment comprises of sales of fabric care and a wide range of cleaning products. The Nutrition segment refers to sales of scratch cooking aids, dressings, and tea products. The Ice Cream segment covers primarily ice cream products. The company was founded by Antonius Johannes Jurgens, Samuel van den Bergh, and William Hulme Lever on January 1, 1930 and is headquartered in London, the United Kingdom.

Unilever (NYSE: UL ) will undergo layoffs and cut about 7,500 jobs. It plans on spinning off its ice cream business in the process.

Unilever Layoffs 2024: What to Know About the UL Job Cuts, Ice Cream Spinoff

Unilever announced Tuesday that its cutting jobs worldwide and plans to spin off one of its business units and slims down operations to drive productivity.

Unilever to cut 7,500 jobs, spin off ice cream unit

Uniliever, the conglomerate that bought Ben & Jerry's in 2000, said Tuesday that it plans to move its ice-cream brands into a stand-alone division.

Ben & Jerry's Ice Cream Will Be Separated from Unilever. The Stock Is Rising.

Unilever shares rose 4% on Tuesday after the company announced plans to cut thousands of jobs worldwide and spin off its ice cream business that includes brands like Ben & Jerry's and Magnum, part of a three-year strategy to streamline the British company in the hope it will accelerate growth and boost returns for shareholders.

Unilever Shares Up 4% As It Plans To Cut 7,500 Jobs

Magnum to Marmite consumer goods group plans productivity programme to save £684m

Unilever to cut 7,500 jobs globally and splitt off ice-cream division

Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit, which includes Ben & Jerry's and Magnum, as part of a restructuring plan that will impact 7,500 jobs.

Unilever to split off its ice cream unit including Ben & Jerry's

Unilever PLC (LSE:ULVR) has announced a major operational overhaul through the separation of its multibillion-dollar ice cream portfolio and the termination of 7,500 firm-wide staff members. “Ice cream has a very different operating model, and as a result the board has decided that the separation of ice cream best serves the future growth of both ice cream and Unilever,” the British multinational FMCG group said in a statement.

Unilever to separate ice cream business, sack 7,500 staff in major overhaul

Unilever on Tuesday said it may spin off the ice cream-unit that produces Ben & Jerry's as the multinational consumer goods company said it expects to slash 7,500 jobs globally.

Unilever to cut 7,500 jobs and split off arm that makes Ben & Jerry's

Unilever said on Tuesday it would spin off its ice cream unit, home to popular brands such as Magnum and Ben & Jerry's, and cut 7,500 jobs in a new cost-savings programme.

Unilever to spin off ice cream business, cut 7,500 jobs for cost savings

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Shares in Unilever PLC (LSE:ULVR) fell 1.8% after Morgan Stanley (NYSE:MS) downgraded stock in the maker of Marmite and Dove soap, citing a slew of headwinds. Adjusting the price target from 4,100p to 3,775p, the American investment bank moved its recommendation to 'underweight' from 'equal-weight'.

Unilever downgraded by a leading US bank - here's why

Unilever significantly underperformed the market in the past 3 years, down -11% while the S&P500 is up almost 28%. The action plan presented by new CEO Hein Schumacher is expected to drive 3-5% annual revenue growth while modestly improving margins, which is fairly reflected in the $50 stock price. Despite solid Q4 2023 results with a return to positive volume growth and margin improvements, Unilever lacks catalysts for market-beating returns.

Unilever: Don't Expect Market Beating Returns

Unilever's trading update contained several pleasant surprises according to Deutsche Bank, which has tweaked its numbers and stuck with a ‘buy' recommendation. “Gross margin surprised to the upside as did volume growth and this before the new management have fully mobilised their action plan,“ said the bank.

Unilever impresses Deutsche bank with latest update

Shares of Unilever Plc (UL) advanced as the consumer products giant boosted its stock buyback program, and its CEO argued that the company has to do better.

Unilever Unveils New Stock Buyback Plan as Its CEO Calls for Better Performance

Unilever PLC (UL) Q4 2023 Earnings Call Transcript

Unilever shares increased on Thursday after the consumer goods giant vowed to buy back another €1.5 billion worth of its own shares from shareholders, despite posting what company CEO Hein Schumacher described as “disappointing” results for the fourth quarter of 2023.

Unilever slows price hikes after loss of market share in Europe and North America

Unilever (LON: ULVR) share price popped on Thursday after the blue-chip company unveiled strong financial results. The stock surged by more than 3% in London and the trend is expected to continue in New York when the market opens.

Unilever share price forecast: turnaround is underway

Unilever posted a better-than-expected operating profit for 2023, with underlying sales growth of 7%, and launched a buyback to start in the second quarter.

Unilever Operating Profit Rises, Plans Buyback

Unilever PLC (LSE:ULVR) reported underlying sales growth in the fourth quarter as it launched a new $1.5 billion share buyback. The FTSE 100-listed firm which makes Hellmann's mayonnaise and Dove soap said underlying sales in the fourth quarter rose 4.7% to €14.2 billion, although on a GAAP reported basis sales fell 3.0%.

Unilever makes new buyback as sales rise but profit falls

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Unilever, the maker of Dove soap and Ben & Jerry's ice cream, struggled to defend fourth-quarter grocery store market share across most of its categories in Europe and the United States, data shows, as it ceded some of its turf to private labels and cut products.

Unilever's US, European market share slips as private label booms

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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.

News for Unilever Stock (UL)