Unilever picks Amsterdam for primary ice cream listing

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.

- YADARISA SHABONG & RICHA NAIDU

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.