Unilever Could Face Persistent Cost Inflation, Says Jefferies
June 24 2022 - 5:58AM
Dow Jones News
Unilever Could Face Persistent Cost Inflation
0919 GMT - Unilever's margins are expected to improve in the
second quarter but are still seen remaining under pressure given
that inflation seems set to stay in 2023, analysts at Jefferies
say. However, they estimate that a volume/mix--the price effect
from the variation between price and number of units sold--margin
for the 2Q to be -1.4%, ahead of the market consensus of -2.0%,
driven by stronger pricing. The analysts also expect a volume
tailwind as the consumer-goods giant benefits from a normalized ice
cream season in Europe. Jefferies has a buy recommendation on the
stock and a price target of 4,130 pence.
(michael.susin@wsj.com)
Companies News:
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for around 2.3 billion pounds ($2.82 billion).
---
Ferguson Launches GBP375 Mln Share Buyback
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billion repurchase program.
---
Lamprell Says Blofeld Takeover Offer Is at a Significant
Discount
Lamprell PLC said Friday that it considers the takeover cash
offer from Blofeld Investment Management to be at a significant
discount to the prevailing share price and so far no agreement has
been reached.
---
RPS Group Says Five-Month Performance Was Better Than
Expected
RPS Group PLC said Friday that its performance in the first five
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---
Greencoat Renewables Agrees to Buy 134MW Swedish Wind Farm --
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---
Trackwise Designs Sees 2022 Sales Below Market Views on Lower
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---
Foresight Sustainable Forestry Raises GBP45 Mln Via Equity
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---
Essentra to Sell Packaging Businesses for GBP312 Mln
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in cash.
---
Southern Energy Completes Expanded Share Placing, Raises $31.0
Mln
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---
Ultra Electronics Takeover by Advent's Cobham Moves Closer to UK
Government Approval
Ultra Electronics Holdings PLC said Friday that it has noted the
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Advent International Corp.'s Cobham Group Holdings Ltd. to allow
its takeover of Ultra.
---
LSL Property Services to Extend Share Buyback for Three
Months
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million pound ($12.3 million) share-buyback program for an
additional three months, from the end of June to the end of
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---
Lamprell Shares Fall on Liquidity Constraints Warning
Shares in Lamprell PLC fell Friday after the company said that
it is looking for a solution to meet its immediate funding
obligations of $75 million in June and July as it continues to be
affected by low-margin projects and insufficient revenue
levels.
---
Gulf Keystone Petroleum Cuts Top End of Production Guidance
Gulf Keystone Petroleum Ltd. on Friday narrowed its 2022
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Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
June 24, 2022 05:43 ET (09:43 GMT)
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