Unilever names Dutch dairy boss Schumacher as CEO
BoE seen hiking rate by 50 bps
888 Holdings tumbles as CEO steps down
FTSE 100 down 0.2, FTSE 250 off 0.9

Jan 30 Reuters UK stocks slipped on Monday as investors refrained from making risky bets ahead of key central bank decisions this week, while gains in Unilever limited losses on the FTSE 100 after the consumer goods giant announced a new chief executive officer.

The bluechip FTSE 100 slipped 0.2, while the midcap FTSE 250 dropped 0.9, with global markets also in a riskaverse mood ahead of rate decisions from the U.S. Federal Reserve, the European Central Bank and the Bank of England during the week.

Unilever rose 0.7 after the company appointed Hein Schumacher, currently the chief of Dutch dairy business FrieslandCampina, to replace CEO Alan Jope from July 1.

Unilever has been managing to navigate through the turbulence pretty adeptly, and the appointment of a new CEO has been greeted positively by the market, in expectation he will help steady the ship further, said Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown.

He39;s the current CEO of the Dutch dairy and food giant, FrieslandCampina, so he39;ll be seen as both a safe pair of hands and a fresh injection of ideas for the company.

After a positive start to the year on optimism over China relaxing its tight COVID19 rules and hopes that the Fed will shift to smaller rate hikes, stocks have traded sideways in the recent days as…