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    Interesting development, either way the FTSE 100 is @£$£@£$


    Unilever relocation plan rejected by major shareholder


    One of the top shareholders in Unilever has said it will vote against the firm's plan to move its headquarters to the Netherlands, amid growing investor concern about the plan.
    Aviva Investors told the BBC the move could force UK shareholders to sell their stock and offered "no upside".
    Unilever, which makes Marmite and Dove soap, is relocating to simplify its corporate structure.
    It needs 75% of shareholder votes to get the plan through.
    Marmite maker Unilever goes Dutch for HQ
    Why is Unilever scrapping its London HQ?
    Unilever currently has headquarters in both London and Rotterdam, but it announced in March that it planned to have just one HQ located in the Dutch city.
    The company is one of the biggest firms in the UK's FTSE 100 share index with a market value of about £124bn.

    However, under UK rules it would no longer be eligible for inclusion in the FTSE 100 in London after the proposed change.

    Shareholders fear this would cause a rush for the exits to sell the stock, leading to losses.


    David Cumming, chief investment officer for equities at Aviva Investors, told the BBC's Today programme: "Aside from the fact it is disappointing to see a world class company like Unilever leave the UK, it also means longstanding UK shareholders may be forced to sell their stock.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

    Comment


      Originally posted by scooterscot View Post
      Interesting development, either way the FTSE 100 is @£$£@£$


      Unilever relocation plan rejected by major shareholder
      Thought this was the most important part of the article:

      "It needs 75% of shareholder votes to get the plan through."

      Comment


        Holding more shares does not mean you get more votes Additionally the company wishes to act, that is something shareholders do not ignore.

        Name a FTSE 100 company which doesn't need to trade seamlessly with the EU? Let's face it, the FTSE 100 is toast.
        Last edited by scooterscot; 17 September 2018, 11:06.
        "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

        Comment


          Originally posted by scooterscot View Post
          ...Let's face it, the FTSE 100 is toast.
          Perhaps you ought to let The City know.

          Comment


            They're taking it under advisement....

            "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

            Comment


              So down 0.6%.

              BTC is down 0.42% down this morning, Ethereum down 1.7%, Ripple down 2.37%.

              And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster.

              Comment


                actually down 2%

                using 'price' to predict the value of stuff... yeah good luck with that.
                Last edited by scooterscot; 5 October 2018, 08:49.
                "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                Comment


                  Originally posted by scooterscot View Post
                  using 'price' to predict the value of stuff.
                  Like Crypto?.. Oh hang on...
                  'CUK forum personality of 2011 - Winner - Yes really!!!!

                  Comment


                    100% on fundamentals. I don't gamble.
                    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                    Comment


                      Someone, quick... tell the city boys before it's too late!!


                      "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                      Comment

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