Cool: Eva Longoria eating a Magnum
Unilever bosses hope to stay in investors’ good graces this week with a closely watched financial update.
Shares in the consumer giant – whose brands include Magnum, Ben & Jerry’s and Hellmann’s mayonnaise – have traded at near five-year highs.
Chief executive Hein Schumacher intends to spin off the group’s ice-cream business and save around £700m with 7,500 job cuts.
Sales are expected to have risen 1.5 per cent to just under £13billion in its third quarter.
And the City will be keeping an ear out for any hints of a London listing for its ice cream unit, which also owns the Wall’s brand.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Saxo
Saxo
Get £200 back in trading fees
Trading 212
Trading 212
Free dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
