Capital allocation
5articles
November 2026
5 articles on this page
Corporate finance9 min readDoes Unilever's €1bn climate fund lower its cost of capital?
For a CFO or owner asked whether climate spending pays. Unilever announced a €1bn fund over ten years, but its release says nothing about cost of capital. This post separates what was announced from the 'cheaper capital' hypothesis and shows what evidence would settle it.
Strategy & leadership10 min readØrsted's green shift: its own story against an outside report
For managers and owners who receive case studies and capability decks written by the company itself. This post sets Ørsted's white paper beside an IEEFA report (2021) to see which figures are checked, which disagree, and gives a table for reading such stories.
- Corporate finance10 min read
Dividends or buybacks: what Lintner, Apple and Tesco show
For a CFO or owner deciding whether to pay profit out or keep it. Lintner found companies adjust dividends only part of the way; Apple sent most of its cash back through buybacks; Tesco held its dividend above its own policy, then paid a special one. A side-by-side look.
- Corporate finance10 min read
Internal capital markets: does a group allocate its own cash well?
For a CFO or owner dividing the investment budget across several businesses. Head office has control rights a bank lacks, so it can pick winners, but one model suggests weak divisions can lobby their way to extra capital. Both sides, plus a table for questioning your own budget.
- Corporate finance10 min read
Unilever and ice cream: the BCG matrix as a capital tool, not a verdict
For a finance director or owner of a multi-line group deciding where the next dong of capital goes. The BCG matrix ranks units by market growth and relative share to allocate cash, but it cannot explain why Unilever separated its ice cream.