UK food prices to rise as pound drop stirs grocers dispute + MORE Oct 13th

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LONDON – Consumer goods giant Unilever says prices in Britain on cherished items like Marmite spread are likely to rise after the sharp drop in the value of the pound following Britain’s decision to leave the European Unison.
But the company’s finance chief, Graeme Pitkethly, said Thursday he’s hopeful for the quick resolution of a dispute with supermarket giant Tesco that has resulted in stock being pulled from the store’s website.
Pitkethly admitted as the company released results that “prices should start to increase to cover the cost of imported goods due to weaker sterling (pound).”
Unilever’s reportedly attempted to raise prices after the pound plunged by nearly a fifth against the dollar since the June Brexit vote.
The drop comes as British supermarkets compete fiercely over who has the lower prices.
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Scott Burrows

Scott Burrows
CFO, Pembina Pipeline

Why he matters: Bringing youthful thinking to an old industry

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How the Trudeau government tore up the rulebook on pipelines
After seven years as an investment banker in Calgary, Scott Burrows welcomed his first child and started contemplating his next move. Tired of moving from deal to deal to deal, he was seeking a company he could help build and grow. “I’m always wanting to learn new things and challenge myself,” Burrows explains.
His timing couldn’t have been better. Pembina Pipeline Corp., a company Burrows had worked closely with on a number of deals, was in the midst of succession planning. So in 2010, Burrows joined Pembina as manager of corporate development, later moving into roles in investor relations and capital markets. A chartered financial analyst, he brought financial expertise the company was lacking, allowing him to play a key role in major transactions, like the $3…

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