Ben & Jerry's maker Unilever said on Thursday it would spin out its ice cream business and picked Amsterdam for its primary listing, with London and New York as secondary listings, in a potential blow to British finance minister Rachel Reeves.

Unilever (UL) will list its demerged ice cream business in Amsterdam, London and New York, the company said today as it posted underwhelming

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