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... unilever refused to comment on city speculation that its food businesses may be up for sale as it announced better-than-expected half-year results yesterday ... analysts at investment bank liberum capital said this week that they expected unilever to sell its food arm, excluding its ice creams and beverages, for an estimated €14bn (£12 ... 17m) unilever owns food brands such as knorr soup, flora spreads, marmite and magnum ice cream ... pablo zuanic and lisa hau from liberum wrote in a note: “we expect unilever at some point to implement a large accretive acquisition in the hpc (household and personal care) space and to partly fund it by selling it’s the food unit (excluding ice cream and beverages) which we estimate can be sold at about one times sales (or €14bn) ... ” wild added that he thought unilever would be looking to sell all its food brands in one deal, or else the process would take too long and get messy
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... food giant unilever saw net profits grow 10% to €2 ... profits are up 10% at unilever the company was forced to revise its forecasts earlier in the year after cost hikes in crude oil and vegetable oil and other raw materials, with global media relations director trevor gorin observing the price increases it was forced to pass onto the consumer had been well accepted ... the divisional figures presented no compelling argument backing speculation emanating from an investment house this week that unilever was set to sell of its savoury, dressings and spreads division for €14bn, with its h1 sales growth coming in at 5% to €6 ... " selling up? in their recent assessment of unilever, liberum capital’s pablo zuanic and lisa hau wrote: “we expect unilever at some point to implement a large accretive acquisition in the hpc (household and personal care) space and to partly fund it by selling it’s the food unit (excluding ice cream and beverages) which we estimate can be sold at about one times sales (or €14bn)
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... analysts at investment bank liberum capital said they expect unilever to sell its food arm, excluding the ice cream and beverage category, for an estimated figure of €14bn ... any such deal would be used to fund a large acquisition in its home and personal care businesses, according to a liberum capital report on why now is the right time to buy unilever stock ... authors pablo zuanic and lisa hau said: “we expect unilever at some point to implement a large accretive acquisition in the hpc (household and personal care) space and to partly fund it by selling it’s the food unit (excluding ice cream and beverages) which we estimate can be sold at about one times sales (or €14bn) ... com contacted unilever about the report but a spokesman said that they would not comment on speculation ... unilever is due to announce its half year results on thursday
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... so says wayne morley (pictured), ex-technical food developer at unilever where he worked for 22 years on new flavours and formats on brands such as hellman’s mayonnaise, before taking a post two years ago as head of food innovation at leatherhead food research ... ” in reference to his time at unilever morley emphasised the importance of being an effective internal communicator ... at a company like unilever there are hundreds of brands so it is important to be enthusiastic
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... ” unilever said it supports action that incentivises industry to pursue lower carbon solutions, and that pricing carbon and emissions trading schemes have a role to play in doing this
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... we are supportive of this as, despite a strong emerging markets (ems) business representing almost 40 per cent of sales, nestlé continues to lag its european food peers (danone and unilever) who both have over 50 per cent of sales in the ems
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... uk/netherlands: unilever reveals executive team appointments by: michelle russell | 24 june 2011 the changes announced by unileverare designed to support the firm's growth plansunilever has revealed changes to its category and go-to-market structure, with the appointment of a coo and four category heads ... the changes, unilever said today (24 june), are designed to support the firm's growth plans, particularly in its developing businesses in the emerging markets ... unilever said the structure allows for a more efficient rollout of "bigger and more scalable" innovations ... "unilever now has over half its turnover in the emerging markets, where, over the last ten years, growth has been close to double digits," said unilver's ceo, paul polman
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