Magnum’s Sugar Rush Ends as GLP-1 Fears Return

Magnum’s Sugar Rush Ends as GLP-1 Fears Return - Moby THE GIST Magnum’s first results as a standalone company were meant to showcase the sweet logic of Unilever’s spin-off. Instead, a 3% fourth quarter volume decline and a near halving of annual profit sent the shares sharply lower and put weight-loss drugs back at the centre of the investment debate. WHAT HAPPENED Magnum Ice Cream Company reported its first full-year results since its December demerger from Unilever, and the headline numbers disappointe ...