6/14/2018, 11:30 AM (Source: TeleTrader)
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Unilever doesn't believe it can stay in FTSE indexes

Unilever NV expressed the opinion on Thursday that the future consolidated group would increase the weighting in pan-European stock indexes, against a drastic shift at the London Stock Exchange. Finance head Graeme Pitkethly told investors keeping the company in FTSE indexes in Britain is "extremely unlikely" and that the company spoke to representatives of FTSE Russel.

This year's restructuring process, intended to end the Unilever Plc entity and abolish the dual headquarters structure, will finish with a maintained primary listing at the LSE, he added and stressed the need for "simplification." He called investors who have "sufficient flexibility" not to sell the consumer goods giant's shares.

Pitkethly affirmed the turnover guidance for 2018, though he also lowered expectations for sales growth from between 3% and 5%, citing a recent strike in Brazil's transportation sector.

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