Shares on the London Stock Exchange are struggling to hold their positions this morning as Unilever's own stock took its biggest hit in six months and L&G reported sales are down.
The FTSE 100 is down around 26 points or 0.6% to 4549 within the first hour of trading after Unilever reporting serious changes would have to be made in its leading brands to pull better sales. Unilever, the foodmaker, has so far lost 36p or 6.4% to 525.5p after reporting its leading 400 brands only increased first-quarter sales by 1.3%. Legal & General has had a similar problem this morning, as the insurance firm reported new business fell 3.6% to £215m on last year because of a drop in life, investment and pension products. L&G’s share price is down around 2.25p or 2.3% to 94.75p...
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