Unilever Closes at £38.92, Down Slightly on the Day
Market Summary
* Unilever PLC's stock closed at £38.92 on Monday, March 6th. * The stock is down 0.42% from the previous close of £39.15. * Unilever PLC has a market capitalization of £103.276 billion.
Key Developments
* Unilever PLC announced on Monday that it has agreed to sell its spreads business to KKR & Co. for €6.83 billion. * The sale is expected to close in the second half of 2023. * Unilever PLC said that the sale will allow it to focus on its core businesses of beauty and personal care, home care, and food and refreshment.
Analyst Commentary
* Analysts have mixed views on the sale of Unilever PLC's spreads business. * Some analysts believe that the sale will allow Unilever PLC to focus on its core businesses and improve its profitability. * Other analysts believe that the sale will reduce Unilever PLC's revenue and earnings.
Outlook
* Unilever PLC's stock is expected to trade sideways in the near term. * The stock is facing headwinds from the rising cost of raw materials and the impact of the COVID-19 pandemic. * However, Unilever PLC is a well-established company with a strong track record of financial performance.
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