Maker of Ben & Jerry’s ice-cream and Dove soap ‘very conscious that the consumer is hurting’ via IrishTimesBiz
He said: “I know it’s an inconvenient truth, but we have not been profiteering in any way shape or form.”
The update from Unilever, whose products also include Persil laundry detergent;, Sure, Dove and Lynx deodorants and Colman’s mustard, showed shoppers – particularly in North America – were unexpectedly willing to tolerate the price rises in the first three months of the year. Unilever’s update, which followed similarly upbeat results from several rivals in Europe and the US in recent days, sent shares in the FTSE 100 company up 1.9 per cent in early trading.
He added that the company was expecting inflationary pressures to be most acute in ice-cream and in Unilever’s nutrition products, which include Hellmann’s mayonnaise. This was because these were especially exposed to the costs of agricultural ingredients, for which prices were still rising sharply.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ben Dunne eyes expansion as gyms return to profitBen Dunne eyes expansion as gyms return to profit via IrishTimesBiz
Read more »
Strong springtime performances sees Ben Healy rise to 26th in world rankingsNotwithstanding his strong form, Healy will race at Giro d’Italia next month, rather than Tour de France
Read more »
Ukraine war: Kyiv claims ‘powerful’ strikes on Russian units ahead of counter-offensiveTensions between major powers at ‘historic high’ and so are the risks of conflict ‘through misadventure or miscalculation,’ says UN chief
Read more »
Windsor Framework will ensure NI consumers get same goods as rest of UK, says EU chiefAgreement will make trade between UK and North smoother and ensure same food and medicines available in both regions, Šefčovič tells TDs
Read more »
'We need action from the Taoiseach', young farmers group says after march to Govt BuildingsMembers of the farming organisation Macra na Feirme are set to meet with Taoiseach Leo Varadkar at Government Buildings today.
Read more »