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Unilever not moving headquarters to the Netherlands

Unilever last week announced the withdrawal of plans to move its headquarters to the Netherlands. The company said on Friday (5 October), that its board had withdrawn its proposal to move to the Netherlands after growing opposition by UK shareholders. The firm had decided to collapse its Anglo-Dutch structure following a business review sparked by last year’s failed $143bn takeover approach by Kraft-Heinz, with the aim being to make it “more efficient and agile in a fast-changing consumer market.”

However, last week Unilever said it recognised that the proposal had not received support from a significant group of shareholders and therefore it considers it appropriate to withdraw. “The board will now consider its next steps and will continue to engage with our shareholders,” chairman Marijn Dekkers said. He added that the company will proceed with the plan to cancel its Dutch preference shares. A chorus of approval followed the announcement with several stakeholders saying that they were pleased that Unilever “has listened to shareholders’ concerns and chosen to withdraw its proposal.”

The decision would have kicked Unilever out of the FTSE 100, forcing funds that track the benchmark index to sell their holdings without a premium, according to CNBC.



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Anchor CEO and Co-CIO Peter Armitage will host the webinar, provide an introduction to current global and local market conditions and give his thoughts on offshore equities. Together with Head of Fixed Income and Co-CIO Nolan Wapenaar, Pete will also discuss Anchor’s strategy and asset allocation for 2Q24, focusing on global equities and bonds. In addition, Fund Manager Liam Hechter will provide insights into local equities, highlighting some investment ideas; Global Equities Analyst James Bennet will discuss Ferrari and give an update on Tesla, and finally, Analyst Thomas Hendricks will participate in a Q&A with Peter, explaining the 10-year US Treasury to attendees.