Unilever may be under pressure to sell food arm

Wed, 19 Jul 2006

Unilever, the UK-listed consumer retail group, may find itself pressurised to dispose of its food division according to reports. A Citigroup note advised clients that sustained under-performing results at the Anglo-Dutch company may lead shareholders to put pressure on it unless an improvement is evident soon. Unilever's market capitalisation is in the region of £35bn