Ben & Jerry’s Proprietor Unilever Says Hovering Prices Will Eat Into Revenue

Unilever PLC reported increased quarterly gross sales progress however warned its revenue margin would fall sharply this yr because the proprietor of Dove cleaning soap and Ben & Jerry’s ice cream grapples with the impression of surging prices all over the world.

The bearish outlook comes because the consumer-goods big is already below strain from buyers to speed up progress. That strain has intensified in current weeks following a a lot criticized, and now aborted, $68 billion bid for GlaxoSmithKline PLC’s consumer-healthcare enterprise, and information that activist investor Trian Fund Administration LP had taken a stake within the firm.

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