Unilever aims to keep investors entertained with financial updates
Cool: Eva Longoria eats a Magnum
Unilever bosses hope to remain in the good graces of investors this week with a closely watched financial update.
Shares of the consumer giant – whose brands include Magnum, Ben & Jerry’s and Hellmann’s mayonnaise – are trading at near five-year highs.
CEO Hein Schumacher plans to spin off the group’s ice cream business, saving around £700 million with 7,500 job cuts.
Sales are expected to rise 1.5 percent in the third quarter to just under £13 billion.
And the city will be alert to any indications of a London stock exchange listing for its ice cream division, which also owns the Wall’s brand.
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