Unilever reported higher quarterly sales growth but warned its profit margin would fall sharply this year as the owner of Dove soap and Ben & Jerry’s ice cream grapples with the impact of surging costs around the world
Unilever PLC reported higher quarterly sales growth but warned its profit margin would fall sharply this year as the owner of Dove soap and Ben & Jerry’s ice cream grapples with the impact of surging costs around the world.
The bearish outlook comes as the consumer-goods giant is already under pressure from investors to accelerate growth. That pressure has intensified in recent weeks following a much criticized, and now aborted, $68 billion bid for GlaxoSmithKline PLC’s consumer-healthcare business, and news that activist investor Trian Fund Management LP had
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