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Unilever Warns of Slow Sales as It Faces Future Outside FTSE

Thomas Buckley, Paul Jarvis
Unilever Warns of Slow Sales as It Faces Future Outside FTSE

Unilever gave a muted outlook for sales and said it’s “extremely unlikely” to remain in the U.K.’s benchmark FTSE 100 stock index after the company consolidates its headquarters in the Netherlands. The consumer-goods giant said sales growth in the first half is likely to be below the full-year forecast range of 3 percent to 5 percent. The effect of strikes in Brazil will cut sales by 150 million euros ($177 million) in the second quarter, it said.