Cadbury Warns Of Weaker Results
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Cadbury Schweppes has warned that its full year results will be at the lower end of its expectations. The world&#39;s biggest confectioner said that wet weather had held back sales of soft drinks in France and Spain.
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Performance Food Group Co. said Monday that earnings for the third and fourth quarters will fall below its previous estimates, in part due to the effects of the hurricanes that hit the Southeast.
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The consumer products conglomerate warns of lowers sales and profits.
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TORONTO (CP) - Shares of soft-drink company Cott Corp. fell more than five per cent Monday after the company warned that its 2004 financial results may fall short of its previous forecast.
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Soft-drink giant Coca-Cola Co. warned Wednesday that third-quarter and second-half results will fall short of expectations because of soft sales.
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Cadbury Schweppes Plc , the world's largest confectionery group, plans to cut 7,500 jobs and close around ten plants as it seeks to catch up with the profitability of U.S. rivals after the sale of its drinks arm.
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Leading shares ended weaker, with the FTSE 100 index drifting back below the 4,700 level as the impact of Wall Street's early rally was tempered by a rise in Brent crude to 50 dollars a barrel for the first time, and by weakness in supermarket giant Sainsbury following yet another profit warning, dealers said.
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The Coca-Cola Company is lowering its long-term earning and sales targets. In a statement today (11 November), the company added that continued weak performance in certain key markets was expected in 2005 as operational issues are addressed.
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Unilever shares have fallen 5.7% after the Anglo-Dutch consumer goods giant issued a surprise profits warning. Unilever said sales of ice cream and its tea drinks were &quot;substantially lower&quot; in July and August due to very poor weather in northern Europe.
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British confectionery giant Cadbury faces prosecution under British and European laws following a salmonella food scare last June, The Guardian has reported.
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Coca-Cola Co. KO.N, amid signs that  is it losing market share to arch rival Pepsi, on Wednesday  warned that profit would lag Wall Street expectations for the  rest of the year because of weakness in key markets and said  there was no quick fix for its problems.
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City analysts were slashing their forecasts for profits at J Sainsbury yesterday after the struggling supermarket group admitted its first-half profits would be two thirds lower than last year&#39;s.
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Confectionery and soft drinks giant Cadbury Schweppes has said it would incur costs totalling about 30 million pounds after being hit by a recent salmonella food scare.
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The women's fashion retailer warns of lower earnings and sales.
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Celestica Inc. warned today that its current quarter has been much weaker than expected as the result of reduced orders from major customers.
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Stocks fell on Monday as warnings of  lower earnings from consumer goods giants Colgate-Palmolive and  Unilever weighed on markets.
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King-sized Mars and Snickers chocolate  bars will be cut down to size in Britain next year as a leading  food manufacturer responds to growing pressure about portion  distortion and rising levels of obesity.