Photo: ReutersLondon: Unilever reported second-quarter sales growth that beat estimates as the maker of Ben & Jerry’s ice cream delivered sales gains in deodorants and hair-care products. Markets slowed in the quarter, Unilever said, with low growth in emerging regions and declines in both Europe and North America. Unilever shares have climbed since Britain’s vote to leave the European Union, benefiting from the potential boost to earnings from the falling pound. Growth remained steady with the first quarter, yet the gains came mostly from higher prices for its goods as sales volumes slowed. Underlying revenue rose 4.7%, London- and Rotterdam-based Unilever said Thursday, compared with the 4.5% median estimate of 22 analysts surveyed by Bloomberg.

Source: Mint July 21, 2016 10:14 UTC