Oct 19, 2017
Opening Quote: Unilever ‘Connected 4 Growth’; LSE’s Rolet says C U L8R
Unilever's latest strategy is not called "Connected for Growth", but "Connected 4 Growth". Underlying sales growth in the third quarter slowed to 2.6 per cent, having stood at 3 per cent at the half year stage. Having already hit the bottom end of its 3-5 per cent target for like-for-like sales growth in July, Unilever was able to reaffirm that range for the full year. At London Stock Exchange chief executive Xavier Rolet is saying C U L8R and thanks 4 the near-merger. In a separate trading update on Thursday, the LSE said total income for the third quarter to September 30 rose 17 per cent to £486m, up 19 per cent year-to-date, to £1.4bn. And, finally, support services and construction group Interserve has warned that 2 will become 1 - on its bottom line.
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