Hey, free market fans! Unilever’s pre tax profit rose 21% for the first half of the year. Higher profit margins as well. Bravo! They actually sold less products (marmite, magnum ice cream etc etc) but simply put prices up (between 5 and 13% depending on the product) and profited from that ie no value added. Nice work for the shareholders! Good job we all know that inflation becoming embedded is purely down to public sector pay claims, nothing else at all.
And they are still operating in Russia because "it's a difficult situation".... https://www.bbc.com/news/business-66274358 But it's ok, as they are gonna let their employees be conscripted if required
Welcome to the powerful world of multinational companies. What you've posted is part of globalisation, right there... I assume your post was not intended to be antisemitic
So am I wrong but Rose had broke confidentiality by talking to the bbc....so obviously must go.... not disputing that. But who decided that Farage should not have his bank account at coutts because of his political views? And btw he was offered a replacement account at natwest. Really unsure where responsibility lies here. Does the board resign everytime someone in an subsidary business makes a mistake..sure they have their own structure abd management line. Farage is milking this... but suppose everyone in politics would
Peter Flavel, CEO of Coutts debanked Farage, Beth. Based on what is clearly an unfair and defamatory dossier that Farage now has in his possession. I imagine Flavel will be Farage's next target. The banks generally have shot themselves in the foot over this, because it has alerted every debanked individual and company that they can get the reasoning for enforced exit by way of a "subject access request". That could be highly embarrassing for the banks and their top management. As to the Nat West board resigning, they were at risk while they were defending Rose. Now she has gone, only the Chairman, Howard Davies, looks vulnerable because he was personally standing behind Rose.
Thank you for that info..very clear Obviously CEO coutts needs to go too now, and you are right about banks. Banks can obvious decline an account...but to means to that decision needs to be transparent and up to discussion. We are freezing Russian accounts ...and obviously not giving them new ones either...but Farages party was an accepted British party...love it or hated...it was not prescribed...so their decision should have been out there...and discussed.. and then a transparent decision made...and I am sure it would not be the same one they made
Just another example of the corporate world recovering their ‘lost monies’ from the Covid years and screw everyone else. The banking world has been doing it, the oil companies, the supermarkets, feeder businesses. It’s the post-pandemic pandemic.
It’s grim. I’m leaving a similar type of business soon which did well during Covid as I’d guess Unilever did if they were able to physically make the products. The demand for their **** wouldn’t have reduced. Soulless corporate kind of place which isn’t for me any more but good experience. But why wouldn’t they profit-maximise? It’s up to Tesco or whoever how they price. They’re free to tell the Unilevers to get ****ed if they raise their prices.
Unilever make a huge range of products. If Tesco tells to them to get lost, I imagine it would damage Tesco's business.
Indeed. Same as where I am. Tesco could choose to take the hit on their margins, not promote Unilever products, not give Unilever good space in store etc. but ultimately they’re the ones who determine how much you and I spend on a jar of Marmite.
Beth you're right that he was offered a personal bank account by Nat West, but so far they have not offered him a business bank account and as he runs a limited company it has to have a bank account to operate as a limited company is it's own entity...... Personally I don't blame him for "milking it" as it's highlighting the way banks have morphed from being a public service into moral guardians, but only if you agree with their stated morals..... any one who has a different view point is as the bank put it "exited".....
