Unilever is set to update investors on the listing of its ice cream business this week.
The consumer goods giant spun off the division behind Magnum (advertised by actress Eva Longoria), Ben & Jerry’s and Wall’s at the start of this month after snubbing London for an Amsterdam listing earlier this year.
The group – whose brands also include Dove, Comfort and Hellmann’s – will update investors on its plans for a fourth quarter listing on Thursday.
All change: Magnum (advertised by actress Eva Longoria, pictured), Ben & Jerry’s and Wall’s were spun off
Aarin Chiekrie, from broker Hargreaves Lansdown, said the ice cream demerger should ‘free up plenty of cash to pay down debts and invest in other, higher-returning areas of the business’.
It is looking to save £700m by cutting 7,500 jobs.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
This article was originally published by a www.dailymail.co.uk . Read the Original article here. .