Unilever will demerge its ice cream business and list it in Amsterdam, London and New York, ending months of speculation over how the company would move ahead with previously announced plans to separate the business.

It had been reported that Rachel Reeves had lobbied for the primary listing of Unilever's ice cream business to go to London.

Unilever Plc will list its ice cream unit primarily in Amsterdam, the consumer goods company said, with London and New York getting secondary listings when the maker of Ben & Jerry’s is spun off this year.