News That Matters

Tag: shift

Unilever grandees weigh Dutch headquarters shift

Unilever grandees weigh Dutch headquarters shift

Business
The consumer goods giant behind Dove and Marmite‎ has opened talks with the trust established by one of the group's founders as part of a shareholder charm offensive aimed at abolishing its UK headquarters. Sky News has learnt that ‎Unilever and the Leverhulme Trust - set up in 1925 after the death of William Hesketh Lever, or Lord Leverhulme - are discussing the unification of the company's legal structure into a single entity based in the Netherlands.The talks are significant because the board of the Leverhulme Trust, which is the second-biggest investor in Unilever's London-listed shares, is populated by former grandees from the FTSE-100 group.Its views on the move will carry huge weight both inside and outside the company.The Trust's chairman is Niall FitzGera...
We might see a shift to low-cost largecaps after TRI: Radhika Gupta, CEO, Edelwiess MF

We might see a shift to low-cost largecaps after TRI: Radhika Gupta, CEO, Edelwiess MF

Finance
The mutual fund industry is shifting to TRI benchmarks in February. The mutual fund industry is waiting to see how investors would react to the new benchmarks.ET.com Mutual Funds spoke to Radhika Gupta, CEO, Edelwiss Mutual Fund, which is using TRI as a benchmark since September 2017. Edited interview.Edelwiess Mutual Fund introduced TRI as benchmark in its schemes last year. How many schemes have been benchmarked against TRI till now? What has been your experience managing such schemes?Yes, in September-October, 2017, we benchmarked all out domestic equity schemes against TRI. Many online portals are still showing the earlier benchmarks against our schemes, I don't know why. But if you look at our factsheets, the TRI indices are clearly mentioned as the benchmarks. Switching to TRI was ...
Jerusalem: New warnings over US shift on city status

Jerusalem: New warnings over US shift on city status

World
French President Emmanuel Macron has told Donald Trump he is "concerned" the US leader could unilaterally recognise Jerusalem as Israel's capital.Any decision on the contested city's status must be "within the framework of negotiations between Israelis and Palestinians", Mr Macron said.Earlier, similar warnings came from a number of Arab and Muslim nations.Reports say the US president will recognise Jerusalem as Israel's capital this week.Both Israelis and Palestinians claim the city as their capital.The White House said Mr Trump missed Monday's deadline to sign a waiver delaying the relocation of the US embassy from Tel Aviv to Jerusalem.But White House spokesman Hogan Gidley stressed that "the president has been clear on this issue from the get-go: It's not a matter of if, it's a matter ...