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    ULVR   GB00B10RZP78

UNILEVER PLC

(ULVR)
  Report
Delayed London Stock Exchange  -  11:35 2022-12-05 am EST
4179.00 GBX   +0.02%
10:44aUK dividends calendar - next 7 days
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06:39aBernsterin Downgrades Unilever To Market-perform From Outperform With Lower PT
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06:12aUNILEVER PLC : Bernstein gives a Neutral rating
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London stocks rise as investors digest UK tax reversal

10/03/2022 | 05:04am EST

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.)

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FTSE 100 up 0.2%, FTSE 250 adds 0.7%

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Telecom Plus sees FY profits above estimates

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Essentra up on plan to spin off filter business

Oct 3 (Reuters) - UK's main stock indexes ended higher for a second straight session on Monday, boosted by commodity-linked shares and Telecom Plus, with investors digesting the British government's reversal of tax cuts in its new fiscal policy.

The blue-chip FTSE 100 and the FTSE 250 mid-cap indexes rose 0.2% and 0.7%, respectively, marking a positive start to the fourth quarter.

The British government reversed plans to cut the highest rate of income tax after their "mini-budget" sparked turmoil in financial markets last week and prompted rating agency S&P Global to cut its outlook for the nation on Friday to "negative", sending the mid-cap index into its steepest weekly decline since March.

Yields on British government bonds slipped, while the sterling jumped 1.5% to its pre mini-budget high and capping gains on the FTSE 100.

"While welcome, it alone won't ease market concerns as it only represents a small portion of the unfunded tax cuts that were needlessly announced before next month's budget and OBR forecasts. The government has a long way to go to restore trust and confidence," said Craig Erlam, senior market analyst, UK & EMEA, at OANDA.

Investors have warned that the government still needs to show that it can afford its plans and that UK assets are "not out of the woods yet".

"Anytime you have a government who's basically changing their mind, it's very hard to plan and you have to have a risk premium on UK assets because of the uncertainty," said Patrick Armstrong, chief investment officer at Plurimi Wealth.

The core issue is still that prices are high, consumer confidence is low, with the central bank not expected to turn dovish any time soon, he said.

Data showed British manufacturing output fell for a third month in September and orders declined for a fourth consecutive month, data showed.

BP Plc and Shell gained 2.2% and 2.4%, respectively, tracking a jump in crude prices as OPEC+ considered cutting output by more than 1 million barrels a day.

Miners, retailers and homebuilders added between 1.5% and 3% after declining sharply in recent weeks.

Essentra Plc advanced 15.3% after it announced the sale of its filters business and appointed Scott Fawcett, managing director of its components division, its new chief executive.

Telecom Plus PLC surged 24% after the multi-utility supplier gave an upbeat profit outlook. (Reporting by Johann M Cherian and Devik Jain in Bengaluru; Editing by Savio D'Souza and Bernadette Baum)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BP PLC 0.54% 483.5 Delayed Quote.45.51%
ESSENTRA PLC -1.80% 245.5 Delayed Quote.-27.54%
SHELL PLC 0.42% 2375.5 Delayed Quote.45.86%
TELECOM PLUS PLC 1.04% 2435 Delayed Quote.51.95%
UNILEVER PLC 0.02% 4179 Delayed Quote.5.89%
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Analyst Recommendations on UNILEVER PLC
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Financials
Sales 2022 59 729 M 62 767 M 62 767 M
Net income 2022 5 624 M 5 910 M 5 910 M
Net Debt 2022 22 481 M 23 625 M 23 625 M
P/E ratio 2022 22,6x
Yield 2022 3,52%
Capitalization 123 B 129 B 129 B
EV / Sales 2022 2,43x
EV / Sales 2023 2,35x
Nbr of Employees 148 012
Free-Float 95,2%
Chart UNILEVER PLC
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Technical analysis trends UNILEVER PLC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 48,49 €
Average target price 48,49 €
Spread / Average Target 0,01%
EPS Revisions
Managers and Directors
Alan Jope Chief Executive Officer & Executive Director
Graeme David Pitkethly Chief Financial Officer & Executive Director
Nils Smedegaard Andersen Chairman
Richard Slater Chief Research & Development Officer
Nitin Paranjpe Chief Operating, Transformation & People Officer
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