Ben and Jerry's brand ice cream sits in a supermarket freezer in Princeton Illinois U.S. on Wednesday
02 February, 2019, 18:26
Then-chief executive Paul Polman stepped down in the wake of the row and was replaced by Alan Jope.
Mr Polman stood down at the end of December after a decade at the group where he oversaw the failed plan to move Unilever's headquarters from London to Rotterdam and fended off a takeover bid from rival Kraft Heinz.
"With growth weak but H2 margins strong, we expect this to fuel the ongoing debate on Unilever's top line versus bottom line", Jefferies analysts said.
"In 2019 we expect market conditions to remain challenging", he said, adding that sales growth will likely be in the lower half of its multiyear target of between three and five percent. Noting problems in Argentina and Brazil, he called Latin America the most troubled part of the world.
"Looking forward, accelerating growth will be our number one priority".
Nonetheless, he expected to see continued improvement in the company's underlying operating margin and another year of strong free cash flow and said Unilever was "on track" to meet its 2020 goals.
Unilever's underlying operating margin increased 90 basis points to 18.4% thanks to product innovations and cost savings, while underlying earnings per share (EPS) still rose 5.2% to €2.36 albeit with a boost from buybacks.
Its full-year earnings were 3.48 euros per share.
In the fourth quarter, Unilever blamed Argentina, which makes up 2.5 percent of its overall business, for hyperinflation that led prices to spike more than 50 percent and therefore volume to fall more than 20 percent in the quarter.
Underlying sales grew by 2.9% in 2018 from the year earlier and, excluding the spreads business, by 3.1%. The stock is underperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.52 percent higher at 6,977.51 points.
The company blamed declines in France and competitive pressures in North America, particular in ice cream and mayonnaise. Meanwhile, the company reported turnover of €49.6 billion ($57.05bn) - down 5.1 per cent year-on-year due to an adverse currency impact of 6.7 per cent and the disposal of its spreads business to KKR in a deal completed in July last year.
Some 76 people have died after contracting the virus , accounting for more than a third of all Swine flu deaths this year. No death has been reported due to the infection in the national capital so far, according to the health ministry data.
For her part, Meghan gave us a taste of what her packed lunches might look like, when her baby is old enough to go to school. As well as visiting the Old Vic Meghan and Harry visited met volunteers and helped out in the One25 charity kitchen.
The withdrawal means that the United States can now deploy ground-based missile systems in Asia, in high proximity to China . It ended a unsafe build-up of warheads in Europe but there are fears a similar situation could re-emerge.
The Gibraltar Government said the worldwide legal status of Gibraltar was not a matter of argument, but rather of fact. In any event, the final text of the proposal for visa-free travel has yet to be formally approved and adopted.
Much will then depend on Rohan Bopanna and Divij Sharan, who will be playing their first Cup rubber together. Prajnesh, ranked at a career best of 102, slowly eased into the match by staying within sight of Berrettini.
Luwawu-Cabarrot, the 24th pick in 2016, averaged 16.5 minutes in 121 games over two seasons with the 76ers. Carmelo Anthony has been waived by the Chicago Bulls, making the 10-time All-Star forward a free agent.
A 61-year-old Texas inmate was executed Wednesday evening for killing a Houston police officer more than three decades ago. The deaths happened a day after other Manson followers killed pregnant actress Sharon Tate and four others in Los Angeles.
Authorities have not yet called off the search for bodies although no one has been found alive since Saturday. Camera IconFriends and relatives light candles during a march paying homage to the victims.
Fleets of drones are set to be deployed to disperse sugary liquid solution to help clear the air of microscopic particles. Measurements of harmful particulates are higher than some cities in China but well below the Indian capital New Delhi.
Anunoby to play on All-Star weekend
TNT will televise the All-Star Game for the 17 consecutive year, marking Turner Sports' 34 year of NBA All-Star coverage. The official Rising Stars head coaches will be an assistant coach from each 2019 NBA All-Star Game coaching staff.
Fragile France suffer from fear of winning
This is the second game of the Six Nations after the tournament got underway with Wales beating France 24-19 last night. Scrum-half Parra plays his first Six Nations match since 2015 and partners Camille Lopez at half-back.
A sinkhole turned out to be an underground tunnel to a bank
Investigators found an entrance hole in nearby woodland that contained a small electric generator and some electrical cords. A cadaver-sniffing dog and a remote controlled camera were used to verify that there was no one inside the tunnel.
Taliban say they are not looking to rule Afghanistan alone
The death toll of US service members in Afghanistan has surpassed 2,400 since the United States invaded the country in 2001. It said the USA military continued to prevent it from publishing Afghan forces' casualty data, at Kabul's request.
Vaping 2x better for quitting smoking than patches, gum
More e-cigarette users, however, reported increased throat and mouth irritation (65.3%,) than nicotine replacement users (51.2%). These devices now often have more nicotine and come in a more convenient form than the first-generation vaping devices.
PlayStation Plus games for February include Hitman, For Honor
Of course, that doesn't mean you can go back and download the whole catalogue of Vita games and PS3 games if you missed them. Though at first it seems kind of odd to make the entire season available for free, it does make some degree of sense.