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.

The move ends months of speculation over how the company would move ahead with its plans to separate the business.

In a massive blow to the UK, the consumer goods giant told Reuters that the new company's primary listing and headquarters would be in the Netherlands.

Unilever, maker of Ben & Jerry's, plans to list its ice cream division in Amsterdam, sidelining London and New York. This decision comes amidst underwhelming earnings and market growth forecasts, leading to a 7% share drop.

The Ben & Jerry’s and Magnum maker announced plans last year for a demerger of the ice cream arm as part of a major turnaround plan.

In a huge setback for the Chancellor, Unilever said the Euronext exchange in the Netherlands has won the battle for its ice cream business.

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

Ben & Jerry's maker Unilever has chosen Amsterdam over London and New York as the primary listing for its ice cream business, it said on Thursday after announcing full-year earnings which underwhelmed investors.

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