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Unilever shares have fallen back this morning after the announcement last night that Kraft Heinz has walked away from its shock £115bn bid for the group
Inevitably the surprise ending of Kraft Heinz’s pursuit of Unilever gets plenty of column inches this morning.
Unilever’s strongly worded rejection of Kraft Heinz’s £115bn approach today did not sound like the words of a board about to roll over and accept a slightly higher offer.
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It turned out the roasting of the Tesco board at today’s AGM was more of a light grilling
Investors must be concerned about the lack of clarity over when Tesco expects its strategy to bring returns.
Never mind what this week’s figures reval, Tesco is still a fundamentally strong business.