Consumer brands giant Unilever flags rising costs as threat to its Covid-19 recovery

Raw material prices will probably rise more in 2021, firm's chief financial officer said

Rising costs threaten to slow Unilever's financial recovery.

Consumer goods giant Unilever has reinstated its revenue growth targets and is confident of emerging from the pandemic crisis in stronger shape, but has warned that rising costs could spoil its rebound.

Unilever — which owns a range of everyday brands from Magnum ice cream and Hellmann’s mayonnaise to Dove soap and Domestos detergent — successfully rode out Covid as consumers kept buying staples like shampoo and food seasonings during lockdowns.