Apr 20, 2017

Unilever leads FTSE 100 higher

Shares rose 1.5%. In February Unilever rejected a takeover approach from rival Kraft Heinz. Overall the benchmark FTSE 100 was flat in early trading. Ashtead Group was the biggest loser on the FTSE 100, with a 5% fall. Shares were hit after United Rentals, a rival equipment rental firm, warned that rental rates remain under pressure. Equipment rental firm Ashtead Group was the biggest FTSE 100 loser, down 5%. More than two-thirds of profits for FTSE 100 companies are earned overseas, making them vulnerable to a stronger pound.

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