Unilever completed the demerger of its ice cream business into The Magnum Ice Cream Company (TMICC) over the weekend.
Unilever still owns a 20% stake in TMICC, which it plans to sell down to 0% over the next five years.
The shares fell 3.8% in early trading.
Our view
HL view to follow.
Unilever key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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