Share Name Share Symbol Market Type Share ISIN Share Description
Unilever Plc LSE:ULVR London Ordinary Share GB00B10RZP78 ORD 3 1/9P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +54.00p +1.32% 4,133.50p 4,143.00p 4,145.00p 4,145.00p 4,082.50p 4,082.50p 2,549,144 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 47,738.2 7,245.8 192.0 21.8 50,474.47

Unilever Is 'Extremely Unlikely' To Be Included in FTSE -CFO

14/06/2018 10:05am

Dow Jones News


Unilever (LSE:ULVR)
Historical Stock Chart

1 Month : From May 2018 to Jun 2018

Click Here for more Unilever Charts.
By Saabira Chaudhuri 
 

LONDON--Unilever PLC on Thursday dashed investor hopes that it could maintain a primary listing in London following its move to consolidate its dual headquarters in Rotterdam.

Unilever, which currently operates as two separately listed companies--Unilever PLC and Unilever NV--said in March it would unify its dual British-Dutch legal structure.

"It's very clear to us that it's extremely unlikely that the new NV shares will be included in the FTSE UK series," said Unilever Chief Financial Officer Graeme Pitkethly at an investor conference in Paris on Thursday. "Consequently we think our weighting in the pan European indices will be increased."

Separately, Mr. Pitkethly said sales growth in the first half of the year would be below Unilever's full-year target of 3% to 5% due to strikes in Brazil. However, he maintained sales guidance for the year.

London shares of Unilever dropped 1.7% following his remarks.

Mr. Pitkethly said Unilever will maintain a premium listing in London. Despite the disappointment of not being able to list on Britain's blue-chip index the FTSE 100, of which Unilever is one of the largest components, he maintained that simplification is the "right thing for the company."

 

Write to Saabira Chaudhuri at Saabira.Chaudhuri@wsj.com

 

(END) Dow Jones Newswires

June 14, 2018 04:50 ET (08:50 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

1 Year Unilever Chart

1 Year Unilever Chart

1 Month Unilever Chart

1 Month Unilever Chart
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V:gb D:20180623 04:49:24