Higher prices drove bigger-than-expected sales growth at Magnum-to-Marmite maker Unilever in the first quarter, but boss Alan Jope rejected ‘greedflation’ labels, arguing that the conglomerate handled increases “responsibly”.
Sales were up by 10.5% to €14.8 billion, which was due entirely to higher prices as the volume of goods sold dipped by 0.2%. That sales growth was well ahead of City expectations of 7.5%
