Unilever surge makes it most valuable FTSE company at £121bn
by Zoe Wood from Economics | The Guardian on (#562CD)
Shares rise on strong quarterly sales but company warns global recession has begun
Unilever has become the most valuable company in the FTSE 100 after lockdown lifestyle changes increased demand for its cleaning supplies and ice-cream.
The consumer goods company's share price surged on Thursday on the back of better-than-expected quarterly sales as hygiene fears stoked demand for Domestos bleach and Cif surface spray. Consumers also sought solace from the coronavirus pandemic in a Cornetto or Magnum ice-cream.
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