Unilever: Marmite maker's profits soar as regulator looks for evidence of grocery greed

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Unilever: Marmite maker's profits soar as regulator looks for evidence of grocery greed
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BREAKING: Marmite maker's profits soar as competition regulators look for evidence of greed

Unilever, which also includes brands such as Domestos and Hellmann's in its stable, reported a 20% rise in net profits to €3.9bn over the first half of its financial year.

Underlying price growth for the second quarter was 9.4%, while underlying sales volumes fell by 0.2%, the company said.cleared supermarketsBut the regulator said last week it had turned its attention to the supply chain instead, which would include companies such as Unilever. Food and other producers have been raising prices largely since the end of the COVID pandemic, with leaps in costs largely reflecting higher energy, transport and commodity prices linked to Russia's invasion of Ukraine.

The question the CMA will be asking is whether suppliers to supermarkets have raised their prices too much, leading to excessive margins at the expense of consumers amid the wider

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