Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said: “Unilever delivered a solid third-quarter performance, with 4 per cent sales growth in the period, landing the consumer goods company in the middle of its full-year target range.
“That marks a small step up from the growth rates seen in the first half, helped by an improved performance in emerging markets and the continued strength of its Power Brands.
“These are a collection of 30 high-profile brands, including the likes of Dove, Domestos and Hellmann’s, and together contribute to around 75 per cent of group sales.
“Unilever reported earlier in the week that its spin-off of its ice cream business, now known as The Magnum Ice Cream Company, has hit a speed bump in the form of the US government shutdown.
“All preparation work is on track from Unilever’s side, but with federal employees temporarily laid off, there’s simply no one available to approve the paperwork.
“Unilever’s still confident of getting Magnum floated on the stock market before the end of 2025 and intends to provide investors with a revised timetable as soon as possible after the US government shutdown ends.”
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