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EXPLAINED: 9 | Vintage Vibes

Remote working and whiffy workout wear fuel laundry revolution

Home workers aim to tackle smelly athleisure clothing, save money and be kinder to the environment

The Guardian - UK

Shareholders back £7m pay rise for London Stock Exchange boss

Vote to double David Schwimmer’s maximum pay levels comes as fear grow about exodus of firms from City

The Guardian - UK

Unilever Surpasses Sales Growth Forecasts In Latest Quarterly Report

Unilever's resilience and adaptability drive sales growth, supported by innovation and sustainability focus. Strong market position and strategic investmen...

Top News

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IAB Makes Three Appointments to Its Leadership Team

The group fills key positions with Cintia Gabilan as VP of Media Center, Arlene Mu, assistant general counsel, and Nadine Karp McHugh, executive in residence

TV Tech

ESG developments this week

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Unilever to scale back environmental and social pledges

Environmental groups say bosses should ‘hang their heads in shame’ as firm bows to pressure from shareholders to cut costs

The Guardian - UK

Unilever recalls Viennetta Vanillas from Tesco after allergy information printed in Spanish

Label error leads to company recalling products over allergy fears

Evening Standard

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Swan Song For General Electric As It Completes Demerger

The US conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, is opening a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their disparate core businesses.

International Business Times

'Operation Beethoven': Dutch 2.5bn-euro Charm Offensive To Keep ASML

The Dutch government on Thursday unveiled a plan worth 2.5 billion euros to retain global firms like chip giant ASML amid fears of a far-right clampdown on immigration.

International Business Times

GroupM To Double Ad Spending On Women’s Sports Programming

Clients including adidas, Ally, Coinbase, Discovery, Google, Mars, Nationwide, Unilever and Universal Pictures are looking to play

Broadcasting & Cable

Fears over ‘uninvestable’ London stock market as more firms tipped to leave City

The City’s status as a leading financial centre is under threat, amid a huge gap in the value of similar companies in London and New York

Evening Standard

Unilever CEO Asks: Who Wants Ice Cream?

Unilever is looking to unload its low-growth, low-profit ice cream business. It is the largest in the world, with a 20% market share - more than double its nearest competitor - and should generate around $17 billion for the company. What else does new CEO Hein Schumacher have to unveil…

Barchart

Difficult decisions at Unilever

To Unilever now, where the consumer giant this week unveiled plans for a whopping 7,500 job cuts. On the same day, the company said it was mulling spinning off its ice cream division, presumably to distract from the layoffs the same way shouting “look, ice cream!” distracts a toddler.

Evening Standard

No Ice Cream Price Gouging Thanks to Substitutes

Unilever’s split from its ice cream division shows market share and market power are very different concepts.

Reason

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Unilever To Spin Off Ben & Jerry's, Cut 7,500 Jobs

Unilever to spin off ice cream brands like Ben & Jerry's to focus on growth in other categories, streamlining operations by cutting jobs.

The Guardian - UK

Schumacher’s plan to offload Unilever’s ice-creams has a very familiar flavour

Shareholders may welcome the change in direction, but the chief executive’s predecessors used similar tactics

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International Business Times

Ben & Jerry's Owner Unilever To Spin Off Ice Cream Arm

British consumer goods giant Unilever announced Tuesday that it will separate its ice cream unit, whose top-selling products include Ben & Jerry's and Magnum, as a standalone business.

The Guardian - UK

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

Magnum to Marmite consumer goods group plans productivity programme to save €800m

Evening Standard

FTSE 100 Live: UK inflation in focus after index closes up 0.2%, Unilever leads risers after shake-up

Inflation’s retreat to its lowest level in two years today fuelled hopes of a first cut in interest rates by the summer.

Evening Standard

Marmite-to-Dove maker Unilever to cut 7500 jobs under £14m CEO's shake-up

With the cuts being ‘predominantly office based’, its London HQ in Victoria could take a big hit

The Guardian - UK

Unilever boss could be paid up to €17.4m if he hits maximum targets

Group could face another revolt by shareholders after 60% voted against remuneration report last year

Evening Standard

Arm overtakes HSBC, Unilever to become Britain's 4th most valuable company after shares rocket

The Nasdaq-listed stock has more than doubled in value since the start of the year

The Guardian - UK

Unilever boss Hein Schumacher gets tough – except in Russia

New-broom CEO has mandate to make big changes. He should revisit unfathomable decision to keep operating in country

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