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    ULVR   GB00B10RZP78

UNILEVER PLC

(ULVR)
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Delayed Quote. Delayed London Stock Exchange - 05/20 11:35:25 am
3516.5 GBX   +1.88%
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Smith launches fresh attack on Unilever bosses

01/21/2022 | 01:21am EDT

STAR stockpicker Terry Smith has launched a fresh attack on Unilever's management as he labelled the failed bid for GLAXOSMITHKLINE's consumer arm a "near death experience".

Smith, a major Unilever shareholder, said the firm needed to refocus on improving the performance of the existing business rather than looking for blockbuster acquisitions.

In a letter to his investors, the Fundsmith founder said: "It seems to us that Unilever management's response to its poor performance has been to utter meaningless platitudes to which it has now attempted to add major M&A activity. What could possibly go wrong?"

Smith, whose Fundsmith firm owns an £814m position in Unilever, attacked the firm last week for "losing the plot" with its focus on purpose and sustainability.

In his letter to investors yesterday he again attacked Unilever's management for its "penchant for corporate gobbledegook". The attack follows a week of intense criticism and falling share price for the FTSE 100 firm after reports emerged of its three failed takeover bids for GSK's consumer portfolio of brands last year.

The firm backed down from raising its $50bn bid for the business on Wednesday after investor backlash.

Bosses faced a separate wave of criticism yesterday from a group of asset managers for a health "blind spot" in its products.

The group of investors, representing $215m (£158m) in assets filed a resolution calling on the Marmite-maker to set more ambitious health targets.

Unilever's difficult week has seen its share price slide as much as 10 per cent.

(c) 2022 City A.M., source Newspaper

Stocks mentioned in the article
ChangeLast1st jan.
GLAXOSMITHKLINE PLC 1.87% 1764 Delayed Quote.9.80%
UNILEVER PLC 1.88% 3516.5 Delayed Quote.-10.87%
All news about UNILEVER PLC
05/20Inflation crimps Indian firms as rural millions cut spending
RE
05/19European ADRs Move Higher in Thursday Trading
MT
05/19London's FTSE 100 tumbles on global slowdown worries
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05/19European shares lower as retailers, food and beverage stocks lead falls
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05/19UNILEVER PLC : Ex-dividend day for interim dividend
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05/18UNITED WE STAND : Unilever Supports Systemic Change for LGBTQI+ Communities
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05/18Indian Indices Close in Red Midweek; Power Grid Corporation of India Drops 5%
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05/17MARKETSCREENER'S WORLD PRESS REVIEW : May 17, 2022
05/17SocGen Downgrades Unilever To Sell From Buy, Cuts PT
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Analyst Recommendations on UNILEVER PLC
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Financials
Sales 2022 57 621 M 60 788 M 60 788 M
Net income 2022 5 639 M 5 949 M 5 949 M
Net Debt 2022 23 916 M 25 231 M 25 231 M
P/E ratio 2022 19,8x
Yield 2022 4,09%
Capitalization 106 B 112 B 112 B
EV / Sales 2022 2,25x
EV / Sales 2023 2,17x
Nbr of Employees 148 012
Free-Float 95,5%
Chart UNILEVER PLC
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Unilever PLC Technical Analysis Chart | ULVR | GB00B10RZP78 | MarketScreener
Technical analysis trends UNILEVER PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Last Close Price 41,55 €
Average target price 47,16 €
Spread / Average Target 13,5%
EPS Revisions
Managers and Directors
Alan Jope Chief Executive Officer & Executive Director
Graeme David Pitkethly Chief Financial Officer & Executive Director
Nils Smedegaard Andersen Chairman
Richard Slater Chief Research & Development Officer
Nitin Paranjpe Chief Operating, Transformation & People Officer
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