Unilever has denied snubbing London after the consumer goods giant picked Amsterdam as the main market for its €15bn (£12.5bn) Magnum business despite fierce lobbying by Rachel Reeves.

Unilever said on Thursday its ice cream business will be separated by way of demerger, through listing of the business in Amsterdam, London and New York. "This decision follows a full review by the Board of separation options,

The ice cream division Unilever is in the process of spinning off will stay in the Netherlands after the separation, the company announced at the presentation of its 2024 figures on Thursday. The new,

Unilever (UL) will list its demerged ice cream business in Amsterdam, London and New York, the company said today as it posted underwhelming

The move ends months of speculation over how the company would move ahead with its plans to separate the business.