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Unilever News



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 Monday September 24 2001
Unilever cautious on short-term utlook
Unilever said on Monday that the attacks on the US would indirectly affect the performance of at least two of its businesses, contributing to a more cautious short-term trading outlook. However, it still expects to achieve this year's target of "low double-digit" growth in earnings per share before exceptionals and goodwill amortisation, even though earnings are expected to be flat this quarter.

Thursday September 6 2001
IgloMora to sell Van Lieshout meat snacks
IgloMora, a Unilever subsidiary, plans to sell part of its snack activities, Van Lieshout Vleessnacks (Meat Snacks). This involves the Van Lieshout brand and a factory in Helmond. The factory, which produces solely meat snacks, employs 120 people. Sales to third parties amount to €20 million. As a result of the proposed sale some 20 jobs at the head office of the IgloMora Groep will be lost, but this will not give rise to any compulsory dismissals.

Unilever announces settlement with Procter & Gamble over competitive intelligene
Unilever on Thursday announced that it had reached a settlement with Procter & Gamble [NYSE: PG] regarding Procter & Gamble's competitive intelligence operation directed at Unilever's hair care business in the United States. Charles B. Strauss, president and CEO of Unilever United States said: "We have a settlement that ensures that our confidential information is protected.

Wednesday September 5 2001
Unilever issues EUR 1 bn floating rate note
Unilever N.V. launched a Floating Rate Note of €1 billion on Wednesday. This 2 year note carries a coupon of 3 month Euribor + 0.0625% and the issue price is 99.927, giving a re-offer yield of 3 month Euribor + 0.10%. The issue will be documented under Unilever's debt issuance programme. Lead managers for the issue are HSBC and UBS Warburg.

Monday September 3 2001
Unilever shocked by size of P&G's spy bounty
Unilever expressed shock over the amount of company information stolen by US rival Procter and Gamble. The corporate espionage surfaced on Friday when P & G confirmed a Fortune magazine report that it had spied on Unilever to get information on hair care products, but insisted it did nothing illegal.

Friday August 31 2001
Unilever seeks review of P&G's product line
Unilever is seeking an independent review of Procter & Gamble's product launch plans for fear they may have been influenced by information obtained by rogue spies. Talks between the rival consumer products companies broke up for the weekend on Friday night, following P&G's admission that an operation to spy on Unilever's hair care arm violated its internal guidelines.

Thursday August 23 2001
Switzerland's Nestle gaining on Danone and Unilever
Nestle SA, long considered to be one of the sleeping giants of the food industry, stepped up its rate of underlying growth in the first six months of the year and increased net profit by 12.7%. With global brands ranging from Nescafe instant coffee to Friskies cat food, Nestle is the world's biggest consumer food company.

Friday August 3 2001
Unilever reports strong Q2
Unilever on Friday reported strong second-quarter sales and profits fuelled by acquisitions and restructuring. Unilever said it had noticed an economic slowdown, but said its range of products and wide geographical spread gave it confidence that it could cope with the difficult conditions. Total turnover was 15% higher at EUR 13.7 bn, while sales of Unilever's leading brands rose 5.1%, better than expected.

Friday January 12 2001
Unilever Nederland appointment: Van der Waaij
Unilever Nederland, the Dutch division of Anglo-Dutch consumer products group Unilever, has appointed Mr Kees van der Waaij as the new chairman of the board. Mr Van der Waaij will replace Mr Frans Tummers, who will retire early. Mr Van der Waaij has been with Unilever for nearly 25 years. At the moment, he is on the board of directors of ice-cream and frozen products group Iglo-Ola, where he is responsible for personnel and finances.

Wednesday November 29 2000
Unilever launches another Eurobond issue
Unilever took a further step towards refinancing the commercial paper issued to fund the Bestfoods acquisition on Wednesday by launching an innovative two tranche (Euro and Sterling) bond issue. The issue comprises a € 500m 2 year `Eonia' indexed note and a GBP 100 mln 1 year and 1 day `Sonia' indexed note.

Hebels Financial Website believes the information herein was obtained from reliable sources but does not guarantee its accuracy. Neither the information nor any opinion expressed constitutes a solicitation of the purchase or sale of securities, derivatives or commodities. © 2002 Hebels Financial Website