Ticker ULVR

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As of 17:41 20 Aug 2018
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53,051.80 million
As of 17:41 20 Aug 2018

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Unilever profits dip after 'challenging' market conditions

Unilever logo

British-Dutch consumer goods giant Unilever has reported a dip in sales for the first half of 2018, after a weak pricing and a Brazilian transport strike.

Pre-tax profits fell to €3.2bn, down from €3.3bn for the same period in 2017.

However underlying sales rose 1.9% in the second quarter of 2018, compared to the same period in the previous year.

Unilever said it had completed its exit from the spreads market, and was continuing to evolve its portfolio in both Europe and North America, to respond to consumer demand for organic, natural, vegan, health and wellness products.

The consumer goods giant said its full year expectations remain unchanged.

BBC Minute: On Instagram 'influencers'

Unilever has said it won't work with bloggers and vloggers who buy fake followers
One of the biggest advertisers in the world has said it won't work with bloggers and vloggers who buy fake followers. Unilever say it wants to see "greater transparency" in the 'influencer' marketing industry. But are genuine influencers under threat? BBC Minute spoke to YouTuber Lydia Elise Millen. 

(Photo: YouTuber and Blogger Lydia Elise Millen, Credit: Lydia Millen/Instagram)

Unilever hails 'strong innovation'

Unilever HQ
Getty Images

Anglo-Dutch consumer goods giant Unilever has reported first quarter sales that met expectations as it maintained it outlook. It said it had underlying sales growth of 3.4% "driven by strong innovation and market development."

These included an aerosol skin-cleansing mousse, "Dove body polish", and the launch of "Magnum Core and Praline variants, which provide our most indulgent ice cream experience yet".

However, all may not be well for the consumer goods giant.

The Financial Times reports that some of Unilever's UK-based investors are unhappy about the company's plan to abandon its Anglo-Dutch structure and base its headquarters in the Netherlands.

Colmans to close Norwich factory

Colman's Mustard

Colman's will close its Norwich factory by 2019, putting 113 jobs at risk.

Jon Strachan, vice president supply chain Unilever UK & Ireland, which owns the brand, said the closure "follows Britvic's decision last year that it will close its factory on our shared site".

Unilever said the manufacturing of the vast majority of products will move to a factory in Burton upon Trent.

However, Unilever said it will maintain links to Norwich where the mustard has been made since 1814.

"We intend to retain the production and packing of Colman's mustard powder, the historic mustard milling process and mint processing in a new state-of-the-art milling facility in the Norwich area, created through a new long-term partnership with a consortium of local growers, backed by significant investment from Unilever."

Around 40 roles will transfer to Burton and the new milling facility near Norwich will create some 25 jobs.

Unilever boss Paul Polman: HQ move not over Brexit
Unilever's chief executive tells the BBC why the firm chose Rotterdam over London.