date:Jul 27, 2012
He was commenting on the publication of second quarter/first half results for the global food, personal and home care products manufacturer. He drew the comparison to indicate that Unilever, like Nestle, was defying the tough economic climate to post results that were outperforming the market.
Wood acknowledged that from a negative standpoint, underlying margins for the period were down by 20 basis points. However, he added: ... we believe that this is more a function of looking for a negative,