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Meet the ESG Investment Influencers: The inside story with Waverton's Paris Jordan

Meet the ESG Investment Influencers: The inside story with Waverton's Paris Jordan
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Questor: Unilever was once the stock you should never sell. But the world has changed


When we wrote about Unilever in March 2017 we summarised its appeal in one paragraph: it offered, we said, “a low-ticket, repeat-purchase business model with economic resilience and pricing power, generating high, compounding returns on invested capital and converting its earnings consistently to cash, a strong balance sheet and long-term dividend growth, which has averaged more than 10pc over the past 50 years; despite the current low inflation environment the company continues to grow its dividend at 6pc per annum”.
This is a description of the kind of business you should never sell. The question is: does it still meet that description? ....

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