UNILEVER PLC

Unilever said the planned separation of its ice cream business has been delayed due to the ongoing U.S. federal government shutdown.

Unilever on Thursday reported a 3.9% rise in third-quarter underlying sales, driven by a 1.5% increase in volume and 2.4% from price, and confirmed its full-year guidance.

Unilever shareholders on Tuesday approved a share consolidation tied to the spinoff of its ice cream business, but the company said the deal's timetable will be delayed by the ongoing U.S. federal government shutdown.

Unilever said Tuesday it has delayed the planned separation of its ice cream business because of the ongoing U.S. federal government shutdown.

Unilever on Thursday laid out the final steps for the separation of its ice cream business, which includes brands like Magnum and Cornetto, into a standalone company.