Unilever profit tops forecast, but shares slide
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Consumer goods giant Unilever Plc/NV  topped forecasts with a 27 percent rise in 2006 earnings on  Thursday, but its shares fell as analysts said its recovery  appeared slow as it lagged its major competitors.
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Unilever, the maker of Lipton tea and Magnum ice cream bars, said third-quarter earnings will fall and cut its annual profit forecast after sales of the company&#39;s main brands unexpectedly declined for a second quarter.
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Procter &amp; Gamble beat Unilever in the battle of the big name grocery brands for the three months to September, results released yesterday showed.
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Consumer goods giant Unilever Plc/NV  reported a step-up in sales growth to 3.9 percent in its second  quarter on Thursday, but underlying margins slipped as the  company spent heavily on recovery and its shares declined.
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NEW YORK - An unsettling report on consumer incomes set off a spate of profit-taking on Wall Street Monday as investors worried that a tepid economy would erode companies' third-quarter earnings. Another drop in oil prices failed to shake the gloom from the market...
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Unilever, the maker of Lipton tea and Dove soap, said its sales decline accelerated in the third quarter as demand in Western Europe fell and competitors cut prices.
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Unilever, the consumer goods giant, slashed its profit growth forecasts yesterday in the face of poor sales, weakening consumer spending and tough competition.
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Unilever, the Anglo-Dutch consumer goods giant, launched a crash advertising drive yesterday after shocking the City with a profits warning that sent the shares tumbling 4.7pc to a four-year low.
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Troubled grocery chain J Sainsbury PLC, Britain's third-biggest supermarket retailer, said Monday it expected to announce a big drop in profits for the first half of this year.
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Sears, Roebuck and Co. on Thursday said quarterly profit fell sharply compared with a year earlier, when the department store operator had a gain from the sale of its credit card business, but the profit topped forecasts as the retailer slashed costs.
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European stocks declined, led by food and beverage companies including Cadbury Schweppes Plc and Groupe Danone SA after Unilever, the world&#39;s largest maker of food and soap, cut its full-year earnings forecast.
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A profit warning from consumer products  giant Unilever and concern that oil prices, now topping $46 a  barrel, will hurt company earnings kept European shares in  negative ground Monday.
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Kroger Co. , the largest U.S.  grocery chain, posted a weaker-than-expected rise in quarterly  profit on Tuesday due to labor unrest at a distribution center,  sending its shares down in early electronic trade.
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The Standard &amp; Poor&#39;s 500 Index dropped as Colgate-Palmolive Co. and Unilever cut profit forecasts, fueling concern consumer demand may be faltering.
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Unilever PLC, the Anglo-Dutch consumer products maker, said Wednesday its business suffered from weak demand and poor weather in the third quarter, with sales of Ben & Jerry's ice cream and Lipton Tea falling.
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Shares of Electrolux tumble after the world's largest maker of consumer electronics says that profit in the second half will be less than forecast.
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NEW YORK - Higher oil prices and lowered outlooks from companies including Colgate-Palmolive Co., Unilever PLC and the New York Times Co. sent stocks sliding Monday, although tech shares rallied on strong performance in the semiconductor sector...