Ben & Jerry's maker Unilever has chosen Amsterdam over London and New York as the primary listing for its ice cream business, it said on Thursday after announcing full-year earnings which underwhelmed investors.

Unilever Plc will list its ice cream unit primarily in Amsterdam, the consumer goods company said, with London and New York getting secondary listings when the maker of Ben & Jerry’s is spun off this year.

Ben & Jerry's maker Unilever will spin out its ice cream business and has chosen Amsterdam for its primary listing, it said on Thursday, in a blow to British finance minister Rachel Reeves' efforts to attract IPOs to London.