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Unilever signals likely FTSE exit as Brazil strike hits sales

Reuters  |  LONDON 

By Martinne GellerLONDON (Reuters) - Unilever is "extremely unlikely" to stay in Britain's FTSE 100 blue chip share index after the consumer products company moves its headquarters to the Netherlands.Unilever also said on Thursday that a truckers strike in Brazil would hit sales more than expected, contributing to a 4 percent drop in the company's shares.The group said the strike in Brazil last month - which prevented all deliveries to factories or stores for 11 days - would reduce second-quarter sales by 150 million euros ($177.38 million).That translates to about 120 basis points of sales ...

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First Published: Thu, June 14 2018. 17:04 IST