Author (Person) | Crooks, Ed |
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Series Title | Financial Times |
Series Details | 21.8.00, p17 |
Publication Date | 21/08/2000 |
Content Type | News |
Unilever, the Anglo-Dutch food and household products group, is 'encouraging' its UK suppliers to invoice in euros. The company insists it is not forcing anyone to do so, but already 20% of its purchasing in the UK is priced in euros. The news is another example of 'euro creep', the slow adoption of the euro as a parallel currency in Britain, following Toyota's announcement in August 2000 that some of its British suppliers would be asked to bid for contracts in euros. |
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Subject Categories | Economic and Financial Affairs |