Unilever steady after chilly few weeks

The proposed deal, which would have been one of the largest ever on the London market, sank Unilever stock by 11%, before recovering in the days after.  The company has seen a 30% drop in its share price since its highs in late 2019. "Investor pushback has predominantly focused on the strength of Unilever's balance sheet, with the firm already subject to a substantial debt pile," explained Nick Edwards, fund manager of the Guinness European Equity Income fund.  Indeed, the GSK deal would have added to the debt pile as it would have been financed with 80% debt and 20% equity. Chr...