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China’s Xi warns of spillovers if major economies ‘slam on the brakes’ – business live | Business

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Unilever wants the attractive cash flow and growth of GSK’s joint venture with Pfizer (4-6% is the aim for the GSK unit, though many think this is a tad ambitious).

Unilever CEO Alan Jope is under pressure to grow the business after a lacklustre few years – a megadeal highlights the difficulty is fixing the core business and/or a lack of ideas. Terry Smith – boss of Fundsmith, a top shareholder – says the company has ‘clearly lost the plot’ (in his annual letter to shareholders).

GSK’s CEO Emma Walmsley is under pressure, too, not least from activist investors, to bolster the firm’s drugs pipeline; a particularly acute concern having missed out on a covid vaccine.

Debt may prohibit Unilever from going much higher; the company leveraged itself up after the Kraft-Heinz bid to ward off leveraged buyers…ironic that this could stop it from doing a deal. Other suitors, including private equity, may move in for the kill.

Does…

Click here for full article…www.theguardian.com