Robert is Assistant Editor of Reuters Breakingviews, based in London. He has a special focus on investment, writing about it on a global basis. Robert worked for The Times, in London, in a variety of writing and editing capacities from 1998 to 2010. For nearly 10 years he edited the newspaper’s daily Tempus investment column. He was also deputy business editor, acting business editor, a leader writer, the chief obituaries writer and a news editor in the home affairs department. Prior to joining The Times, Robert worked on The Independent and the London Evening Standard. His most recent book is called The Unwritten Laws of Finance and Investment (Profile, 2010). As a part-time lecturer, Robert led the financial journalism specialism at The City University in London in 10 academic years between 1995 and 2007. Follow Robert on Twitter @RobertCole7
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Sales at the maker of Dove soap and Lipton tea fell 2.7 pct last year, hit by currency moves. Revenue is likely to be flat in 2015. Unilever’s business can handle a low-growth world: cost cuts boost earnings and lower oil helps. But its shares trade on awkwardly rich multiples.
Britain’s fourth-biggest grocer will replace its chief executive. The timing is odd, since Dalton Philips’ recent moves are bearing some fruit. Christmas sales held up fairly well. Still, a new CEO will have more freedom to rethink the company’s strategy and finances.
Britain’s top grocer will cut 1.35 bln stg of capex and head-office costs, ditch its dividend and close some stores. Price cuts will help it take on discounters. Yet there is still no chairman, no property revaluation, and no firm promise to retreat from Asia or Eastern Europe.
- Sainsbury defies the gloom in UK retail
- Centre-left may have UK election edge
- Tesco will have to fight for its independence
- Royal Mail points to lesser role for bookrunners
- UK retail property values look ever more exposed
- Tesco troubles are deep and long-lasting
- Heineken resilience to UK beer reform is a puzzle