Full Year Results 

Unilever's net profit slumps

Unilever's net profit slumps

Unilever (ULVR) missed its sales targets for 2019 and has initiated a strategic review of its global tea business, which includes household brands Lipton and PG Tips. The group’s net profit slumped more than a third, pulled back by a decline in its foods and refreshment category that is worth 37 per cent of total group revenue. Management attributed the weaker growth to a slowdown in the final quarter.

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