Sainsbury&#39;s profits to fall again
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Ailing British supermarket group Sainsburyâs showed a further deterioration in its performance today after its third profits warning this year.
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Anheuser-Busch Cos. Inc.  said on Tuesday it expects its international beer operations to post lower profit this year, hurt by a U.K. shift in sales from bars and restaurants to less profitable sales through retailers.
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Cott Corp., the world&#39;s biggest maker of store-branded soft drinks, said 2004 profit may fall below forecasts because of higher energy and aluminum costs to make cans.
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Sainsbury's shares fall as much as 8% on concern it may unveil weak Christmas trading figures later this week.
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Dean Foods Co., the nation&#39;s largest  processor and distributor of milk and dairy products, cut its  profit forecast on Tuesday due to soaring costs for raw milk,  sending its shares down as much as 5.5 percent.
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Confectionery group Cadbury Schweppes today said it was expecting full-year profits towards the lower end of hopes after a difficult summer for its European drinks business.
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Profits fall 25% at plumbing giant Wolseley as it warns that the outlook could get worse for its US business.
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Unilever shares fell sharply after the household products giant issued a warning over its profits for 2004. The Anglo-Dutch food-to-detergents group admitted that its leading brands&#39; performance in the third quarter would be below that of the second.
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Struggling UK supermarket chain Sainsbury's issues its third profit warning of the year, saying half-year profits are set to fall to as little as Â£125m.
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J Sainsbury Plc, Britain&#39;s third- largest supermarket chain, said first-half profit fell by as much as 66 percent as the company lost business to Tesco Plc and Wal- Mart Stores Inc.
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European stock markets were dragged down by a profit warning from Anglo-Dutch consumer goods group Unilever.
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Discount retailer has no fire left as comps, and profits fall again.
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Sainsburyâs showed further evidence it was suffering at the hands of price-cutting rivals today as it warned that first half profits would slump by nearly two-thirds.
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London equities ticked lower on Monday, with retailers suffering after reports suggested that J Sainsbury missed internal sales targets during the peak Christmas trading season and Marks and Spencer also struggled during the key sales period.
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J Sainsbury Plc Chief Executive Justin King will cut one quarter of the company&#39;s headquarters workforce and halve the dividend as he seeks to revive profit and regain customers lost to Tesco Plc and Wal-Mart Stores Inc.
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Troubled supermarket group J Sainsbury PLC said Wednesday that costs linked to changes in its supply chain contributed to an 88 percent fall in net profit in the first half of its fiscal year.
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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.