Unilever scraps Dutch relocation plan

Unilever has scrapped its plan to move its headquarters to the Netherlands, after growing investor concern about the plan.

Aviva Investors had said the move could force UK shareholders to sell their shares and offered “no upside”.

Unilever, which makes Marmite and Dove soap, had been relocating to simplify its corporate structure.

But it said it recognised “the proposal has not received support from a significant group of shareholders”.