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Unilever sales rise on higher prices

Growth was led by emerging markets, while pricing added 3% and the dip in volumes took off 0.1%

Reuters  |  London 

Unilever reported a surprise pick up in quarterly sales growth on Thursday, boosting its argument that it can improve performance on its own after spurning a $143 billion takeover offer from Kraft Heinz in February. The maker of Knorr soups and Dove soap, which earlier this month announced a business revamp in response to the takeover interest, said improving economies and rising commodity costs helped it to lift prices in the first quarter. That offset a small dip in the volume of goods sold. Chief Financial Officer Graeme Pitkethly said there was always a delay between ...

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First Published: Thu, April 20 2017. 20:33 IST