Unilever may sell off €3bn PG Tips and Lipton teas

Unilever will conduct a review of its global tea business, including the PG Tips and Lipton brands, in an apparent strategy rethink by chief executive Alan Jope in the face of slowing group sales growth.

Mr Jope has previously said the company was invested in turning around the tea business over the longer term, but the change of plan could soothe concerns of investors who have lamented a lack of urgency in transforming Unilever’s struggling food and refreshment business.