Thursday, October 18, 2018
News

Unilever signals unlikely to stay in FTSE after Dutch move

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

LONDON | Thursday, Jun 14 2018 IST
Consumer goods group Unilever said it is "extremely unlikely" to stay in Britain's blue-chip FTSE 100 index after ending its dual-headed structure and moving its headquarters to the Netherlands.

Speaking at a conference on Thursday hosted by Deutsche Bank, Chief Financial Officer Graeme Pitkethly said that after deep engagement with FTSE Russell, the company's shares were unlikely to be listed in the UK index.

Pitkethly said Unilever understood its departure from the FTSE will have negative implications for some UK investors, but repeated that simplification of its structure was the best move for the company and shareholders as a whole.

He said he expects they will likely have increased weighting in the EuroStoxx index instead.

The move is on track to be completed this year, Pitkethly said.

REUTERS RSU 1356

-- (Reuters) -- C-1-1-DL0386-1402338.Xml

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
Twitter to show users when a bad tweet i...
Brexit: UK to consider longer transition...
Steve Penny: Ex-USA Gymnastics head held...
VP Naidu arrives in Brussels for 12th AS...
Ebara exhibits water solution technology...
Sri Lankan President assured of 'fullest...
More...
 
INDIA WORLD ASIA
Truck hits Delhi-bound Rajdhani Express,...
Meniscus and cartilage injuries can be m...
Will co-operate with investigation: Bish...
Andhra CM visits cyclone-hit areas in Sr...
Truck hits Delhi-bound Rajdhani Express,...
Bengal celebrates Mahanavami...
More...    
 
 Top Stories
Thierry Henry looks up to Pep Guard... 
Declare Marathwada region drought-h... 
RSS, BJP are totalitarians: Owaisi... 
Normal life crippled in Kashmir due... 
Cyclone Titli: Vizag Steel contribu... 
Lt Gen Paramjit visits Poonch, revi... 
Dawn-to-dusk hartal hits normal lif... 
Heritage foods donates Rs 66 lakh f...