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LONDON (Reuters) – Unilever’s (ULVR.L) (UNc.AS) incoming chief executive Alan Jope plans to stick to the 2020 targets set by his predecessor Paul Polman, Jope said on Tuesday, confirming a message of continuity set last week by the company chairman shirt studs vs cufflinks uk online. Jope, who will become CEO of the consumer goods giant in January, made the comment during an investor event in India, a spokeswoman said. Following last year’s unsolicited $143 billion takeover attempt by Kraft-Heinz (KHC.O), the maker of Dove soap and Hellmann’s mayonnaise said it would lift its operating margin to 20 percent by 2020, up from 16.4 percent in 2016. Some observers have worried that the margin target could lead to cost cuts in marketing that could hurt long-term sales growth..
TOKYO (Reuters) – External board members of Nissan Motor Co (7201.T) failed on Tuesday to nominate a successor to Carlos Ghosn as chairman of the carmaker in the wake of his arrest and dismissal for alleged financial misconduct, Kyodo News reported shirt studs vs cufflinks uk online. The Japanese news agency did not cite its sources in reporting that the three members of the nine-member board had put off a decision on Ghosn’s replacement. Nissan has tasked former trade and industry bureaucrat Masakazu Toyoda, retired Renault SA (RENA.PA) executive Jean-Baptiste Duzan and race car driver Keiko Ihara with the selection, which is to be submitted to the rest of the board at their next meeting on Dec. 17..
(Reuters) – Saudi oil minister said on Tuesday it was too soon to say if OPEC and its allies would cut production as the terms of a deal remain unresolved, Bloomberg reported. Khalid Al-Falih’s comments come as OPEC and its allies are working towards a deal this week to reduce oil output by at least 1.3 million barrels per day, four sources told Reuters, adding that Russia’s resistance to a major cut was so far the main stumbling block shirt studs vs cufflinks uk online. Al-Falih told Bloomberg that he saw an oversupplied market, but cautioned that all the members of the OPEC and allies group, needed to come together for a cut to go ahead..
VIENNA (Reuters) – United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Tuesday that an adjustment in global oil output is required and all producers must be on board. “What is that adjustment, and what is the level, from what level – that is what will be discussed,” Mazroui said shirt studs vs cufflinks uk online. “An adjustment means a decrease in production .. It’s important that everyone is on board.”. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna, followed by talks with non-OPEC oil producers on Friday..
FLINT, Mich. (Reuters) – General Motors Co (GM.N) is intensifying its attack on rival Ford Motor Co’s (F.N) lead in sales to U.S shirt studs vs cufflinks uk online. commercial fleets to prop up profit margins amid weakening consumer demand, according to executives at the No. 1 U.S. automaker. GM is counting on new medium-duty Silverados – outfitted as tow trucks, utility bucket trucks and delivery trucks – to lift demand for its light-duty trucks and cars. Automakers estimate for every medium-duty truck a corporate customer buys, they purchase up to six pickup trucks, SUVs, or passenger cars..