View more on these topics

More investors join Unilever protest

Columbia Threadneedle has become the latest major shareholder to oppose consumer goods giant Unilever’s planned move to the Netherlands.

The manager said it was prepared to vote against the firm’s proposals to become a single entity incorporated in the Netherlands, ending its joint Anglo-Dutch structure.

Unilver is holding an extraordinary general meeting over the plans later this month. Though it is still more than three weeks away, the likes of Schroders , Legal & General, M&G, Aviva Investors, Lindsell Train and Brewin Dolphin have all already said they plan to oppose the change.

Concerns have been raised over the potential for Unilever to drop out of the FTSE 100, forcing some investors to sell, as well as over how dividends will be taxed in the future.

Columbia Threadneedle’s head of responsible investment Ian Richards says: “We believe the Unilever restructuring is detrimental to UK Plc shareholders and we will be voting against the proposed resolution at the Unilever EGM on 26 October 2018.”

Based on different data sources, Columbia has a reported stake of between 1.2 and 1.4 per cent in Unilever.

Combined, major managers that are opposing the move could have a stake worth more than 10 per cent of the firm.



Which financial services names have made the Rich List?

Peter Hargreaves has jumped to 42nd position on the Sunday Times Rich List, a climb of nine places from last year, after seeing his wealth grow £849m to £3.2bn. Hargreaves is no longer on the Hargreaves Lansdown board but has kept a 32.2 per cent stake in the company – the value of which has […]

Inside Fundsmith’s new investment trust

Last month, star manager Terry Smith announced he was throwing £25m of his own money behind a new investment trust, Smithson. Ahead of its launch, Money Marketing editor Justin Cash sat down with Simon Barnard and Will Morgan, the fund’s managers, to talk strategy, as well as their thoughts on some of the hottest topics […]


Almary Green confirms merger with Norwich IFA Smith & Pinching

Almary Green, the advice firm led by Carl Lamb, has confirmed a merger with Smith and Pinching Financial Services, Money Marketing can reveal. In September Money Marketing reported Almary Green staff visited the Smith and Pinching offices, and there were discussions around a merged firm being floated on AIM. At that time the Norwich-based firms confirmed […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm