Unilever pops 6% on margin guidance raise, Ben & Jerry's spinoff on track to complete by end of 2025

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Unilever pops 6% on margin guidance raise, Ben & Jerry's spinoff on track to complete by end of 2025
Unilever PLCBusiness News
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The company, whose vast portfolio of brands spans Dove, Axe, Knorr and Vaseline, recorded sales growth across all segments in the first half of the year.

Unilever shares popped on Thursday morning, after the consumer goods giant raised its full-year margin guidance and said the spinoff of its ice cream business was on track to complete by the end of 2025.

Shares climbed nearly 8% during the morning, before gains cooled to around 6.5% by 12:15 p.m. in London. "We've seen a good volume growth ... a sequential improvement in that. But pricing was a bit subdued, and that was also the result of the commodity basket that saw a much lower inflation than obviously we've seen over the last couple of years," Unilever CEO Hein Schumacher told CNBC's Silvia Amaro on Thursday, regarding the results.

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