Unilever's Annual Results Seen as a Mixed Bag

Unilever's Annual Results Seen as a Mixed Bag

1118 GMT - Shares in Unilever edge up 0.6% after the consumer-goods group reported higher annual sales, but said its underlying operating margin fell as costs rose. The results were a mixed bag, with some areas of concern as well as bright spots, financial-services firm eToro says. "There has been decent growth in turnover, but the operating profit and margin figures flatter a business showing signs of struggling in the current environment," eToro analyst Adam Vettese writes. "Inflation may be tipped to fall significantly this year, but household budgets will remain under pressure in many countries and so volumes may not recover until Unilever relaxes its pricing." ([e-mail])

 
Companies News: 

Unilever 2022 Net Profit Rose; 4Q Turnover Increased on Higher Prices

Unilever PLC reported Thursday an increase in net profit for 2022, beating market expectations for the year, while fourth quarter turnover rose.

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Compass Group Backs FY 2023 Guidance After 1Q Revenue Grew 24%

Compass Group PLC said Thursday that it had growth across all its regions in the first quarter of fiscal 2023 as it continued to benefit from outsourcing trends and backed its full-year guidance.

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British American Tobacco 2022 Revenue, Pretax Profit Rose on New Category Growth, Pricing

British American Tobacco PLC said Thursday that revenue and pretax profit rose for 2022, driven by new category growth and pricing.

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Bellway Sees 1H Housing Revenue Rising Despite Reservation Rate Slip

Bellway PLC said Thursday that it expects its first-half fiscal 2023 housing revenue rose at least 1.1%, driven by an increase in house prices, though its overall reservation rate fell.

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Watches of Switzerland 3Q Revenue Boosted by Luxury Segment; Backs FY 2023 Guidance

Watches of Switzerland Group PLC said Thursday that group revenue in the third quarter of fiscal 2023 rose 17%, driven by luxury watches where demand continues to exceed supply, and backed its full-year guidance.

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AstraZeneca Swung to 4Q Profit, But Covid Shot Decline Hits Revenue

AstraZeneca PLC on Thursday posted a swing to fourth-quarter profit, though it posted lower revenue due to declining sales of its Covid-19 vaccine Vaxzevria.

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Journeo 2022 Revenue Seen Up 35%, Profit in Line as Order Intake Rose

Journeo PLC said Thursday that revenue for 2022 increased 35% and that profit is anticipated in line with market expectations as order intake rose.

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S&U Sees FY 23 Results Meeting Views; Raises Second Interim Dividend

S&U PLC said Thursday that it expects fiscal 2023 results to meet expectations and exceed its budget as it proposed a second interim dividend.

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Credit Suisse Flags Substantial 2023 Loss After Missing Expectations in 4Q -- Update

Credit Suisse Group AG notched up its fifth-straight quarterly loss in the last three months of 2022, missing expectations after clients pulled billions in deposits from its wealth-management business, and flagged a further full-year loss in 2023.

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Argo Blockchain CEO, Interim Chairman Peter Wall Steps Down

Argo Blockchain PLC said Thursday that Chief Executive Officer and Interim Chairman Peter Wall is stepping down to pursue other opportunities.

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Redrow Slightly Lowers 2023 Revenue Guidance After 1H Revenue, Profit Slipped

Redrow PLC said Thursday that pretax profit and revenue slipped in the first half of fiscal 2023, and slightly lowered its fiscal 2023 revenue guidance.

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British American Tobacco 2022 Revenue, Pretax Profit Rose on New Category Growth, Pricing -- Update

British American Tobacco PLC said Thursday that revenue and pretax profit rose for 2022, driven by new category growth and pricing.

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Diversified Energy Raises $163 Mln to Partly Fund Acquisition

Diversified Energy Co. said Thursday that it has raised $163.0 million via the share placing first announced late Wednesday, which is being used to fund in part the acquisition of certain upstream assets and related infrastructure Tanos Energy Holdings II LLC.

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Zytronic Shares Fall Amid Persistent Supply-Chain Issues, Board Reshuffle

Zytronic PLC shares fell Thursday after the company said supply-chain issues were persisting, and that acting executive Chairman Mark Cambridge will return to his chief executive officer role.

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Shield Therapeutics 2022 Revenue Jumped After Deal With Viatris

Shield Therapeutics PLC said Thursday that revenue for 2022 jumped on year, driven by increases in net product revenue and upfront payments from Viatris Inc.

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Various Eateries Names Sharon Badelek as Incoming CFO

Various Eateries PLC said Thursday that it will appoint Sharon Badelek as chief financial officer, effective from April 1 and taking over from interim CFO James Darwent.

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Helium One Appoints Lorna Blaisse as New CEO

Helium One Group Ltd. said Thursday that it has appointed Lorna Blaisse as its new chief executive with immediate effect after David Minchin decided to step down.

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Malvern International Sees Higher 2022 Revenue on Student Numbers Recovery

Malvern International PLC on Thursday said it expects to post a significant rise in 2022 revenue and a narrower pretax loss, boosted by a strong second half as its student numbers returned to prepandemic levels.

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Beowulf Mining Shares Fall on Discount Retail Offer for GBP2.1 Mln

Beowulf Mining PLC shares fell Thursday after it said that it has launched a discounted retail offer raising around 2.1 million pounds ($2.5 million), to be used across its projects and workstreams and add value to its asset portfolio.

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(END) Dow Jones Newswires

02-09-23 0711ET