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Unilever picks Amsterdam for primary ice cream listing
Financial Express Delhi
|February 14, 2025
BEN & JERRY'S maker Unilever has chosen Amsterdam over London and New York as the primary listing for its ice cream business, it said on Thursday after announcing full-year earnings which underwhelmed investors.
Unilever, whose other brands include Hellman's mayonnaise and Dove soap, also said that it expected a slower start to 2025 due to subdued market growth in the near term. The warning led to a near 7% drop in its shares, wiping around 8.5 billion pounds off its market value.
Tineke Frikkee, a portfolio manager at Waverton Investment Management, a Unilever investor, said Thursday's decline in shares was down to a lack of positive momentum for the first half of 2025 and a risk quarterly forecasts will not be met.
This story is from the February 14, 2025 edition of Financial Express Delhi.
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