Latest business headlines with Lizzie Murphy
Consumer giant Unilever has revealed rising sales driven by higher prices, as it announced a leadership shake-up amid plans to boost the business.
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00:00 Hello, I'm Lizzie Murphy and I'm a business reporter on the Yorkshire Post.
00:04 Today, Unilever, which makes brands like Dove, Purcell and Hellman's, has revealed rising
00:09 sales driven by higher prices.
00:12 The company said underlying sales grew by 5.2% across the group in the latest quarter
00:17 compared with last year.
00:19 It also set out a new action plan for the business to boost performance, which it said
00:24 will focus on its most profitable 30 brands.
00:29 The company said it was shaking up the leadership of individual divisions across the group.
00:34 Chief Executive Heinz Schumacher said that Unilever's performance in recent years had
00:40 not matched its potential.
00:42 He added that the action plan aims to close this gap by stepping up innovation and investment
00:47 behind its power brands.