Unilever (ULVR)

Sector:

Personal Goods

Index:

FTSE 100

4,188.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 4,406.00
  • 52 Week Low: 3,694.00
  • Currency: UK Pounds
  • Shares Issued: 2,502.65m
  • Volume: 2,310,869
  • Market Cap: £104,811m
  • RiskGrade: 121

Regulator to probe Unilever over green claims

By Abigail Townsend

Date: Tuesday 12 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Consumer goods giant Unilever is being investigated by the regulator over claims of potential greenwashing, it was confirmed on Tuesday.
The Competition and Markets Authority said it was concerned that the maker of Lynx, Persil, Cif and Ben & Jerry's, among many others, was overstating how green certain brands were.

In particular, it said Unilever was using "vague and broad claims, unclear statements around recyclability and natural-looking images and logos".

It has therefore launched an investigation into specific green claims made by the blue chip, to ensure shoppers are not being misled.

Sarah Cardell, chief executive of the CMA, said: "More and more people are trying to do their bit to help protect the environment, but we're worried many are being misled by so-called green products that aren't what they seem.

"So far, the evidence we've seen has raised concerns about how Unilever presents certain products as environmentally friendly.

"We'll be drilling down into these claims to see if they measure up. If we find they're greenwashing, we'll take action to make sure shoppers are protected."

A Unilever spokesperson said: "We are surprised and disappointed with the CMA's announcement, and refute that our claims are in any way misleading.

"Unilever is committed to making responsible claims about the benefits of our packs, and to these being transparent and clear. We have robust processes in place to make sure any claims can be substantiated.

"We will continue to co-operate with the CMA and fully comply with further requests for information."

Possible outcomes range from taking no further action to legal action, the CMA noted.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Unilever Market Data

Currency UK Pounds
Share Price 4,188.00p
Change Today 8.00p
% Change 0.19 %
52 Week High 4,406.00
52 Week Low 3,694.00
Volume 2,310,869
Shares Issued 2,502.65m
Market Cap £104,811m
RiskGrade 121

Unilever Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.73% below the market average94.73% below the market average94.73% below the market average94.73% below the market average94.73% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
35.83% above the market average35.83% above the market average35.83% above the market average35.83% above the market average35.83% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
9.80% above the market average9.80% above the market average9.80% above the market average9.80% above the market average9.80% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
73.42% below the market average73.42% below the market average73.42% below the market average73.42% below the market average73.42% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 6
Sell 3
Strong Sell 2
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Unilever Dividends

  Latest Previous
  Q1 Q4
Ex-Div 16-May-24 22-Feb-24
Paid 07-Jun-24 22-Mar-24
Amount 36.74p 36.47p

Trades for 03-May-2024

Time Volume / Share Price
15:10 0 @ 4,183.00p
15:09 0 @ 4,181.00p
15:09 1 @ 4,181.00p
15:08 0 @ 4,180.00p
15:08 0 @ 4,180.00p

Unilever Key Personnel

CEO Hein Schumacher
CFO Fernando Fernandez

Top of Page