Unilever shares took off like a dot.com on steroids upon the release of its latest update, covering the first half of 2020. The second part of that – the second quarter of the year – covered a period during which many of the markets in which the company operates were in some form of coronavirus-related lockdown.
Despite this, it was able to turn in a similar level of sales to those it achieved the previous year.
The gain of around 8 per cent in shares – good for nearly £10bn worth of value created – was driven by the fact that the company confounded the City’s scepticism in doing so.
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