Apr 18, 2019

Big Four escape break-up; Unilever results; Pinterest comes to market

Unilever, the maker of Marmite spread and Dove soap, reported a solid first quarter of 3.1 per cent underlying growth, in line with the pace of growth last year. Analysts had been expecting volume growth to slow slightly to 0.7 per cent, led by a slowdown in India, but instead Asian markets led a growth pick-up. Investor returns should pick up in 2019 though, it says - from 4.5-8.4 per cent last year to 5-8.5 per cent this year. Ahead of the numbers, futures trade expected Frankfurt's Xetra Dax 30 to slip 0.4 per cent, with London's FTSE 100 expected to fall 0.2 per cent. The tech companies Pinterest and Zoom Video Communications have each set the price of shares in their initial public offerings above their earlier price ranges as they prepare to come to the public market later on Thursday.

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