Magnum ice cream scoops £6.8bn rating

UNILEVER’S spun-off Magnum Ice Cream Company achieved a €7.8bn (£6.8bn) valuation on its stock market debut, significantly below early analyst expectations, with the initial public offering overshadowed by an ongoing dispute with the founders of Ben &Jerry's.

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Shares in the ice cream group, which also owns the Cornetto and Wall's brands, opened 60 cents below the broker-predicted price on Amsterdam's Euronext exchange,