Unilever investors breathe sigh of relief on strong performance
Eating at home during coronavirus lockdowns boosted demand for products such as Hellmann's mayonnaise
23 July 2020 - 17:37
Bengaluru — Second-quarter sales at Unilever fell much less than expected as a pick-up in eating at home during coronavirus lockdowns boosted demand for products such as Hellmann's mayonnaise and Breyers ice cream.
Shares in the consumer goods giant were up 8.4% afternoon trade, after rising as much as 9.3% earlier on Thursday, as the Anglo-Dutch group surprised analysts who had expected a much bigger hit to sales from the closure of restaurants, schools, cinemas and outside venues...
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