Cool: Eva Longoria eating a MagnumUnilever 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.

Source: Daily Mail October 20, 2024 20:57 UTC