Unilever to spin off ice cream division and slash jobs as restructuring drive accelerates
Shares in Unilever topped the FTSE 100 leader board on Tuesday, gaining 3.7% to £39.51 after the FMCG (fast-moving consumer goods) goliath announced plans to demerge its ice cream division under a drive to 'maximise' shareholder returns.
Less than a year into his tenure, chief executive Hein Schumacher is certainly making his mark on the Marmite-to-Magnum brands owner, which will also cut 7,...