Terry Smith

“dumped his entire stake in the consumer goods giant worth hundreds of millions of pounds in April”

“abandoned its promised operational focus in favour of activist-driven break-ups”

“transferring its food business to McCormick, whose management and returns we do not rate highly – and in a structure which means we don’t get to vote on it”

“severed its last remaining ties with Unilever”

“exit his fund’s positions in New York-listed elevator maker Otis and animal drugmaker Zoetis”