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Unilever supported by cleanliness panic

Unilever supported by cleanliness panic

The scale and diversification of Unilever’s (ULVR) business model came to the fore during the first half. Indeed, trends towards at-home eating, drinking, and hand-washing helped to cushion the blow of lockdown restrictions – meaning that underlying sales edged down by just 0.3 per cent in the second quarter. Broker Jefferies had anticipated a 3.9 per cent decline, while consensus expectations were for an even worse 4.3 per cent contraction, which explains why shares in the consumer goods giant climbed by 7 per cent at the market open.

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