Unilever is cutting €1bn in costs after the food spin-off. The market will read this as a margin repair story, but the key is whether savings drop to EPS or get reinvested.

What happened: Unilever plans to cut €1bn in costs after spinning off its food division, as the FTSE 100 group seeks to convince investors it is primed for growth. Key numbers: €1bn in planned cost cuts. Why it matters: The move follows the sale of a slower-growth division, and the company is using it to make the case to investors that it is positioned for growth.

Unilever plans to cut €1bn in costs after spinning off its food division, as the FTSE 100 group seeks to convince investors it is primed for growth.

The move follows the sale of a slower-growth division, and the company is using it to make the case to investors that it is positioned for growth.