The Latest Breaking News from Unilever

Unilever is looking to unload its low-growth, low-profit ice cream business. It is the largest in the world, with a 20% market share - more than double its nearest competitor - and should generate around $17 billion for the company. What else does new CEO Hein Schumacher have to unveil…

To Unilever now, where the consumer giant this week unveiled plans for a whopping 7,500 job cuts. On the same day, the company said it was mulling spinning off its ice cream division, presumably to distract from the layoffs the same way shouting “look, ice cream!” distracts a toddler.

Shareholders may welcome the change in direction, but the chief executive’s predecessors used similar tactics

British consumer goods giant Unilever announced Tuesday that it will separate its ice cream unit, whose top-selling products include Ben & Jerry's and Magnum, as a standalone business.

Magnum to Marmite consumer goods group plans productivity programme to save €800m

Inflation’s retreat to its lowest level in two years today fuelled hopes of a first cut in interest rates by the summer.

With the cuts being ‘predominantly office based’, its London HQ in Victoria could take a big hit

Group could face another revolt by shareholders after 60% voted against remuneration report last year

The Nasdaq-listed stock has more than doubled in value since the start of the year