Unilever warning typifies sector under pressure
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WHEN a big fish flails in the water, a backwash is assured. That happened yesterday when food and consumer goods giant Unilever put out a profits warning.
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Leading British shares ended the session lower as profit warnings from consumer good groups Unilever and Colgate-Palmolive and the rise in the price oil spooked investors on both sides of the Atlantic, dealers said.
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Food and consumer goods giant Unilever has shocked investors by reining in expectations for full-year profit growth to under five percent due to stiff competitor pressure and poor weather.
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Union unrest may cut into the supermarket chain's growth plans.
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SALES at consumer goods giant Unilever slumped 4% in its latest quarter, heaping yet more bad news on long-suffering investors. Just weeks after a devastating profit warning braced the markets for grim tidings
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Supermarkets could face multi-million pound fines.
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Food and consumer goods giant Unilever reported a three percent rise in third-quarter net profits, but warned it was reviewing its targets until 2010.
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Supermarkets may be hit by strike action from a major food supplier embroiled in a pay dispute.
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The consumer products firm issues a profit warning for the second half.
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Suppliers will be given better protection in their dealings with big supermarkets, the Competition Commission says.
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J Sainsbury, the deeply troubled supermarket group, yesterday gave its third profits warning since March, and some analysts fear that a fourth could arrive as early as next Tuesday.
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Unilever PLC reported higher earnings for the third quarter Wednesday but said its business suffered from strong competition, weak demand and poor weather, with sales of Ben &amp; Jerry&#39;s ice cream and Lipton Tea falling.
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Unilever posted a 3 percent rise in  third-quarter earnings on Wednesday but warned that long-term  growth meant higher spending on marketing and cost-cutting, and  analysts said there was no guarantee of success for 2005.
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Two UK clothing retailers, Next and French Connection, warn that there are tough times to come on the high street.
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Consumer goods giant Unilever Plc/NV reported underlying sales below analyst expectations on Thursday and gave a lackluster outlook for 2007, sending its shares lower.
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Unilever PLC reported higher earnings for the third quarter Wednesday but said its business suffered from weak demand and poor weather, with sales of Ben & Jerry's ice cream and Lipton Tea falling.
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The European market rules will force deals to be made one country at a time.