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Unilever bounces back

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Unilever bounces back

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Unilever’s shares shot up 5.4 percent as it announced a four percent rise in second-quarter sales after two quarters of decline.

The world’s third-biggest food and consumer goods group has cut prices, brought in fresh products and increased marketing under new chief executive Paul Polman. The figures contrasted with an 11 percent fall in quarterly sales from its US arch rival Procter & Gamble.