Tag Archives: Bernstein

A sign at the Unilever headquarters, in Rotterdam, Netherlands, on Aug. 21, 2018.Piroschka Van De Wouw/Reuters Unilever on Monday appointed Hein Schumacher to replace Alan Jope as chief executive from July in a move that was welcomed by investors including board member and activist shareholder Nelson Peltz. Schumacher, 51, rejoined …

“Things will get worse before they get better,” the bank said, adding that the current cash flow trajectory implies a cash crunch, with dividends and capex outpacing cash generation by around £200m. Bernstein said management will have to choose between restarting the transformation, cutting the dividend, or increasing borrowing. “The …