New York State pension fund revealed Thursday that it’d be pulling out $111 million in equity investments from Unilever, the conglomerate parent of Ben & Jerry’s following the ice cream maker’s decision to boycott sales in certain regions of Israel. “Our review of the activities of the company, and its subsidiary Ben & Jerry’s, found…
New York Fund Divests $111 Million After Ben & Jerry’s Boycott in Israel
October 31, 2021
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Unilever Hikes Prices Fastest In Nearly a Decade Amid Inflationary Pressure: Report
Unilever announced on Thursday that it has hiked up prices to cope with rising supply chain costs, and warned that inflationary pressures would linger for at least a further year, as economies recover from the pandemic. The British multinational consumer goods company that makes Dove soap and Knorr soup said that in the third quarter…
Unilever Warns of More Price Hikes as Inflation Worsens
Unilever warned inflation was likely to accelerate next year and its prices would have to rise further as consumer goods companies battle to offset surging energy and other costs. The maker of Dove soap and Knorr soup beat third-quarter sales growth forecasts on Thursday and kept its full-year profit margin guidance, defying some analysts’ fears…
Unilever Margins in Spotlight as Inflation Surges
Unilever’s battle with rising costs will take center stage at its third-quarter results on Thursday, with investors focused on whether the consumer goods giant will cut its profit margin forecast for the second time this year. Crude oil prices hit three-year highs on Monday, vegetable oil prices are at multi-year highs, and packaging, transport, and…
New Jersey Set to Shed $182 Million Unilever Assets Over Ben & Jerry’s Boycott
A New Jersey state treasury official said on Wednesday it is set to divest $182 million in Unilever Plc. stock and bonds held by its pension funds over the restriction of sales by the consumer giant’s Ben & Jerry’s ice cream brand in Israeli-occupied territories. It is the latest action by a U.S. state challenging…
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