Unilever scraps plan to move HQ from London after huge investor backlash. Unilever (ULVR) has withdrawn plans to move its headquarters from London to the Netherlands after a massive shareholder rebellion. The consumer goods company said the proposal had not “received support from a significant group of shareholders and therefore consider it appropriate to withdraw”.
Takeover talks sends Intu Properties (INTU) shares through the roof. Intu’s shares have rocketed by as much as a third after plans emerged for a possible takeover of the troubled shopping centre operator. John Whittaker, Intu’s deputy chairman, was revealed on Thursday evening to be looking at a bid for the company in a consortium with US private equity giant Brookfield and Saudi Arabia’s Olayan. Mr Whittaker, a billionaire property investor, already owns 27% of Intu through his company the Peel Group, which has had a hand in major Northern infrastructure projects including MediaCityUK and Liverpool John Lennon Airport.
