Volte-face
Unilever drops plan to leave UK for single Dutch HQ
Company's abandonment of plan to leave UK seen as major embarrassment for chief executive Paul Polman
Unilever abandoned a plan to leave the UK for a single headquarters in the Netherlands after shareholders rebelled, in a major embarrassment for chief executive Paul Polman.
The about-face follows mounting opposition from fund managers at Columbia Threadneedle, Legal & General Investment Management, Schroders and other firms, which faced having to sell Unilever shares once the company dropped out of benchmark UK stock indexes.
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