Unilever Issues Profit Warning
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Unilever PLC, the Anglo-Dutch consumer products giant, reduced its outlook for the year on Monday, citing poor weather, weak consumer confidence in Europe and tough competition in Asia.
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C&C issues a profit warning after the recent wet weather dampens sales of its flagship Magners brand.
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Colgate-Palmolive Co. and Unilever NV warned of profit shortfalls Monday, leading an overall decline for stocks in consumer goods makers, who face tougher competition and increased
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LONDON/AMSTERDAM  - Food and consumer goods giant  Unilever cut its annual profit growth forecast by more than a  half on Monday, blaming wet weather which hit ice cream sales  and stiff competition in washing powders and soaps.
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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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English football (soccer) team Manchester United has reported a nearly 30 percent fall in its annual profits and warned that future results would be affected by a drop in media revenues.
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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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Anglo-Dutch food giant Unilever has reported a 26 percent net profit rise in 2006 compared with 2005, attributable to divestments, but said sales stagnated in the fourth quarter.
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The food and consumer goods giant Unilever today delivered disappointing news to shareholders as it cut its annual profit growth forecast.
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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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Jeweller Tiffany posts a profit warning, amid fears that the cooling economy will hit high-end consumers.
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Unilever said it was unhappy with its results and promised &quot;urgent action&quot; to turn sales around yesterday after the consumer goods and food giant posted a 4 per cent fall in third-quarter sales.
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LONDON Unilever, the world&#39;s largest maker of food and soap products, cut its profit forecast on Monday, sending its shares to their lowest level in four years.
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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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Nearly 400 profit warnings were issued by UK listed firms in 2007, including retailers and leisure companies.
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European shares fell almost one percent  by midsession Monday, hurt by a profit warning from consumer  goods giant Unilever and surging energy costs, but oil  companies like BP rose with the price of crude.
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AMSTERDAM  Â Unilever, the maker of consumer products like Dove soap and Ben & Jerryâs ice cream, reported a sharp decline in its fourth-quarter profit on Thursday, compared with results a year ago when it sold a business.