Unilever has decided not to issue performance projections because of the
uncertainty in the economic climate.
The FTSE 100 company said it would not be releasing outlook targets for 2009
or reaffirming objectives for 2010.
The Anglo-Dutch giant, which produces brands including Hellmann’s Mayonnaise,
PG Tips and Persil Washing Up Liquid made the admission as it released its 2008
Chief executive Paul Polman said in a statement to the City yesterday: ‘Given
the current economic uncertainty I believe it would be inappropriate at this
stage to provide an outlook specifically for 2009 or to reaffirm the 2010
‘That said, I am confident in the underlying strength of the business and
over the longer term expect that we will deliver very competitive levels of
growth and margin improvement.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements