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“We are stocking higher levels of ingredients and finished products,” Hubert Weber was quoted as saying, with the paper adding that the Mondelez contingency plans are in place because the UK is not self-sufficient in terms of food ingredients. In an emailed statement, a Mondelez spokeswoman said: “Like all businesses, we’re monitoring the political decision-making process and preparing for a number of potential outcomes. “We stand by Hubert Weber’s comments and have nothing further to add at this time.”.
Many commodities used by British manufacturers, such as sugar, wheat and cocoa, are either often produced domestically or imported from outside the European Union, Cadbury process cocoa in a plant in Chirk in Wales and mixes it with milk and sugar to create the base chocolate product – chocolate crumb – in Marlbrook, Herefordshire, The milk is sourced locally, Other sectors, new england patriots cufflinks including pharmaceuticals and manufacturing, have also begun or are planning to begin stockpiling, “With uncertainty prevailing around the UK’s post-Brexit trading position, stockpiling could help some businesses to mitigate possible supply shortages,” said Mark Waterman at Vendigital, a consultancy that helps companies to prepare for Brexit, “However, stocking high levels of raw materials could put pressure on cash flow.”..
LONDON (Reuters) - Consumer goods giant Unilever (ULVR.L) (UNc.AS) laid out details on Tuesday for the planned December listing of its new Dutch entity, which has sparked criticism from some UK shareholders and become swept up in the debate over Brexit. The maker of Dove soap, Lipton teas and Ben & Jerry’s ice cream has said ending its dual Anglo-Dutch structure is a purely business move to improve corporate governance and make it more agile, particularly with regard to big mergers and acquisitions.
But the decision in March to make Rotterdam its main headquarters caused controversy in Britain, where opponents of Brexit warned it was a sign of business losing faith in the country, Brexit supporters, meanwhile, pointed to Unilever’s ongoing commitment to its UK staff and operations, The decision, which is pending shareholder approval, also faces pushback from some UK investors, It will likely see Unilever drop out of Britain's blue chip FTSE 100 index .FTSE, which could cause forced selling by UK funds mandated new england patriots cufflinks to track the index..
A promise by the Dutch government to scrap its 15 percent withholding tax on dividends was seen as helping to sway Unilever to the Netherlands. Yet the promise faces opposition by domestic critics and has become a hot political issue. Unilever unveiled a back-up plan on Tuesday which it can use in case the tax is not abolished or until it is repealed. It said it may use a dividend “substitution payment mechanism,” which involves distributing capital in a way that does not trigger the tax.
The move requires approval by 75 percent of UK shareholders and 50 percent of Dutch shareholders, The votes will take place on Oct, 25 in the Netherlands and Oct, 26 in London, Unilever has said it is “very confident” of securing the required votes, If new england patriots cufflinks approved, one share in the capital of New Unilever NV would be issued for each share in the existing Dutch (NV) and UK (PLC) entities, resulting in shareholders receiving shares in the capital of New Unilever NV that represent an equivalent economic interest..
The expected last day of trading in NV and PLC shares would be Friday, Dec. 21, Unilever said. The simplification process would then complete over the weekend, with dealings in New Unilever NV shares starting on Monday, Dec. 24. “Overall, we consider the proposed changes as value-enhancing for Unilever,” UBS analysts said in a research note. Unilever launched a review of its dual structure in 2017 after fighting off a $143 billion takeover proposal from Kraft Heinz (KHC.O), triggering a battle between Britain and the Netherlands.
WASHINGTON (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Tuesday that discussions with the United States about forging a new North American Free Trade Agreement were still constructive, so the two sides agreed to meet again for further negotiations, Freeland said she spoke with U.S, Trade Representative Robert Lighthizer over new england patriots cufflinks the weekend after their talks ended on Friday, and their teams have had “a lot of contact” since then, “We agreed that it would be useful to continue talking today, so we’re back for more negotiations,” Freeland told reporters as she entered USTR offices in Washington, “The conversations over the weekend continued to be constructive and productive.”..