LONDON—Unilever scrapped plans to move its headquarters to the Netherlands on Oct. 5, in the face of a shareholder revolt, keeping one of Britain’s most valuable companies in London ahead of Brexit.
The climbdown comes three weeks ahead of the planned vote on the proposal and is a victory for shareholders who opposed the move, which would have kicked the maker of Marmite, Dove soap and Ben & Jerry’s ice cream out of the benchmark FTSE 100 index.
