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"title": "UNILEVER PLC : JP Morgan keeps a Sell rating",
"description": "JP Morgan analyst Celine Pannuti reiterate his Sell rating on the stock. The target price is unchanged at GBX 3900. | May 30, 2023",
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"snippet": "JP Morgan analyst Celine Pannuti reiterate his Sell rating on the stock. The target price is unchanged at GBX 3900.",
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"snippet": "Unilever CFO Pitkethly to leave company by May 2024\n\nBy Richa Naidu and Eva Mathews\n\n(Reuters) – Unilever Plc said on Tuesday Chief Financial Officer Graeme P...",
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"highlight": "One of the biggest consumer companies in the world with more than 400 brands ranging from detergent to ice cream, <em>Unilever</em> in January appointed Hein Schumacher to replace CEO Alan Jope from July.\n\nThat move was welcomed by investors including board member and activist shareholder Nelson Peltz.",
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"highlight": "“The timing of Pitkethly’s retirement announcement is maybe not a surprise, as this will give the incoming CEO the opportunity to reshape his leadership team,” said Tineke Frikkee, a fund manager at <em>Unilever</em> shareholder Waverton Investment Management.",
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"highlight": "The company also said Conny Braams, its chief digital and commercial officer, had decided to leave <em>Unilever</em> in August\n\n(Reporting by Eva Mathews in Bengaluru and Richa Naidu in London; editing by Shailesh Kuber and Jason Neely)",
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"description": "Among single stocks, Nestle slipped 0.8% after the Swiss food group said it had hired Anna Manz, the finance chief at the London Stock Exchange Group, as its new chief financial officer. Unilever Plc dipped 0.6% after the consumer goods giant said Chief Financial Officer Graeme Pitkethly would leave by the end of May 2024.",
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"title": "UK's FTSE 100 kicks off week on cautious note; WPP shines on AI deal",
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"highlight": "<em>Unilever</em> <em>Plc</em> dropped 1.2% after it said Chief Financial Officer Graeme Pitkethly would retire from the consumer goods giant by the end of May 2024.\n\nBunzl Plc was off 0.7% after the business supplies distributor said it would acquire a safety business in Brazil and Spain. (Reporting by Johann M Cherian in Bengaluru; editing by Eileen Soreng)",
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"description": "UK's FTSE 100 edged lower on Tuesday\nafter a long weekend, with investors avoiding big bets on fresh\nworries over the U.S. debt deal, while advertising firm WPP\nlogged its best day in over three weeks... | May 30, 2023",
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"highlight": "-based chipmaker <em>Nvidia</em> <em>Corp</em> to build generative AI-enabled content for digital advertising.\n\n\"This engine would enable WPP creative teams to efficiently produce commercial content at scale,\" Silvia Cuneo, director at Deutsche Bank wrote in a note.",
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"highlight": "<em>Unilever</em> <em>Plc</em> dropped 1.2% after it said Chief Financial Officer Graeme Pitkethly would retire from the consumer goods giant by the end of May 2024.\n\nBunzl Plc was off 0.7% after the business supplies distributor said it would acquire a safety business in Brazil and Spain. (Reporting by Johann M Cherian in Bengaluru; editing by Eileen Soreng)",
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"title": "Unilever and Nestle to appoint new finance chiefs as industry battles inflation",
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"highlight": "The last years of Pitkethly’s 21-year stint at <em>Unilever</em> have been more chaotic. To rebuff a takeover by Kraft Heinz in 2017, the company committed to a margin improvement, aggressively cutting costs and harming its brands.",
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"highlight": "Then it failed to unify its corporate structure in 2018, and last year <em>Unilever</em> made a doomed and much-criticized attempt to buy the consumer-health arm of UK drugmaker GSK Plc.\n\nDespite investor frustration, much of Unilever’s top brass has remained the same, so a broader overhaul is expected after Schumacher starts as CEO.",
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"title": "Unilever CFO Pitkethly to leave company by May 2024 as inflation worsens",
"description": "The announcement of his departure comes as Unilever, like the rest of the consumer goods industry, is grappling with significant cost inflation and pressure on its margins",
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"snippet": "By Richa Naidu and Eva Mathews\n\nMay 30 (Reuters) - Unilever Plc said on Tuesday Chief Financial Officer Graeme Pitkethly would leave the consumer goods giant by...",
"url": "https://www.business-standard.com/companies/news/unilever-cfo-pitkethly-to-leave-company-by-may-2024-as-inflation-worsens-123053000386_1.html",
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"highlight": "By Richa Naidu and Eva Mathews\n\nMay 30 (Reuters) - <em>Unilever</em> <em>Plc</em> said on Tuesday Chief Financial Officer Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades.",
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"highlight": "<em>Unilever</em>, which did not say why Pitkethly planned to \"retire from the company\", said it would proceed with a formal internal and external search for his successor.",
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"highlight": "The announcement of his departure comes as <em>Unilever</em>, like the rest of the consumer goods industry, is grappling with significant cost inflation and pressure on its margins due to high prices for energy and other commodities.",
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"highlight": "One of the biggest consumer companies in the world with more than 400 brands ranging from detergent to ice cream, <em>Unilever</em> in January appointed Hein Schumacher to replace CEO Alan Jope from July.\n\n\n\n\"Eight years as CFO of a multinational is a decent time and retiring in May 2024 should enable a useful handover to a new CFO.\"",
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"highlight": "\"The timing of Pitkethly's retirement announcement is maybe not a surprise, as this will give the incoming CEO the opportunity to reshape his leadership team,\" said Tineke Frikkee, a fund manager at <em>Unilever</em> shareholder Waverton Investment Management.",
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"highlight": "The company also said Conny Braams, its chief digital and commercial officer, had decided to leave <em>Unilever</em> in August.\n\n\n\n(Reporting by Eva Mathews in Bengaluru and Richa Naidu in London; editing by Shailesh Kuber and Jason Neely)",
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"title": "Emulsifiers Market Size Projected to Grow at a 6.10% CAGR by 2032 – Report by Market Research Future (MRFR)",
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Other details
Country
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