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Comfort food and cleaning products: no wonder Unileverâs doing so well
The companyâs wide portfolio has been perfectly suited to pandemic shopping. This weekâs results will be strong again
Unileverâs Ben & Jerryâs brand is branching out into vegan food. Photograph: Hannah McKay/Reuters
Unileverâs Ben & Jerryâs brand is branching out into vegan food. Photograph: Hannah McKay/Reuters
Sat 17 Jul 2021 19.00 EDT
A vast portfolio of food and household brands has allowed the consumer goods giant Unilever to navigate its way through the pandemic.
The maker of Domestos bleach, Dove soap and Cif cleaner benefited from a surge in demand for cleaning products in the initial stages of the health crisis. Its shares rose, and Unilever briefly became the most valuable company in the FTSE 100 index last year. And the company behind Marmite, Colmanâs mustard and Magnum ice-cream benefited from the forced shift to eating out less and cooking at home, which
Weekly outlook: Barratt, Burberry and Asos report; UK inflation; FCA publishes annual accounts portfolio-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portfolio-adviser.com Daily Mail and Mail on Sunday newspapers.
The company s stock fell 0.1 per cent, or 1.2p to 1420.4p yesterday.
UK dividends as a whole sank by 44 per cent to £62billion last year, leaving savings and pension pots without top-ups many have come to rely on.
Steve Clayton, fund manager of the Hargreaves Lansdown Select funds, said: To see Shell confident enough to begin returning a bigger share of its cashflow to shareholders feels like a watershed has been crossed on the road to dividend recovery. This news will come as a welcome relief to thousands of private investors and pension funds alike. Last year saw savage dividend cuts.
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