Companies

Beauty products push Unilever sales jump

A prolonged period of high inflation has stretched consumer budgets and pushed shoppers to cheaper supermarket brands

The foods and soap maker also increased volumes for the second consecutive quarter as it makes headway in winning back market share

Unilever sales jumped more than expected in the first quarter as Hein Schumacher, the chief executive, pushes ahead with his turnaround plan.

Sales rose 4.4 per cent in the first three months of the year, ahead of analyst expectations of 3.5 per cent.

Shares of Unilever rose as much 5 per cent in early trading in London. The stock is down more than 9 per cent in the past year.