1319 GMT - Unilever's ice cream business set a positive tone ahead of its spinoff later this year, turning in a good performance for the first quarter, AJ Bell's Russ Mould says in a market comment. The U.K. consumer-goods company reported underlying sales growth of 4% for its ice cream business in the first quarter, ahead of the 3% recorded by the group overall. "There has been plenty of product innovation to excite shoppers and a lot of work has been done to improve operations before the division is set free from its parent," Mould says. Unilever said the separation of the ice cream unit--which will be called The Magnum Ice Cream Co.--remains on track for the fourth quarter. Shares fall 0.3%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 09:20 ET (13:20 GMT)
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