Consumer giant Unilever has said it plans to give its ice cream business a primary stock market listing in Amsterdam when it is spun off later this year, in another blow to London’s financial markets.
It said on Thursday that the division, which makes around 14% of Unilever’s turnover, will have a primary listing in Amsterdam, alongside additional listings in London and New York.
Nevertheless, the decision to have a primary listing in the Netherlands is a fresh blow to the London stock exchange, where Unilever has its main listing.
It came as the group, which also owns brands including Hellmann’s, Dove and Persil, saw shares slip in early trading after it pointed to “soft” growth over the start of this year.
Mr Schumacher said: “Today’s results reflect a year of significant activity as we focused on transforming Unilever into a consistently higher performing business.
