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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Unilever will this Thursday admit that its $2.6bn ( 1.4bn) acquisition of Slim-Fast in 2000 was a failure by writing off nearly half the value of the diet foods business.
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A profit warning from consumer products giant Unilever and concern that oil prices, now topping &#36;46 a barrel, will hurt company earnings kept European shares in negative ground Monday.
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LONDON (CBS.MW) - Anglo-Dutch foods giant Unilever on Monday lowered its outlook for earnings growth for the year, pledging to raise advertising and promotion spending to bolster flagging sales of some of its brands.
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French-US telecom equipment maker Alcatel-Lucent issued its second profit-warning of the year Thursday, sparking a sharp fall in the group&#39;s share price despite management assurances the merger of the two groups would prove fruitful.
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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.
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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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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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The two food giants said Wednesday that soaring commodity prices would hurt the companiesâ profits this year.
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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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C&C issues a profit warning after the recent wet weather dampens sales of its flagship Magners brand.
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NEW YORK - Two of the world&#39;s biggest consumer products giants issued profit warnings today, sending shares in both companies downward.
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Computer services company Unisys Corp.  on Tuesday warned it would post a fourth-quarter loss, instead  of an expected profit, reflecting a revenue shortfall and a  $120 million charge to write off assets.
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The women's fashion retailer warns of lower earnings and sales.
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Unilever NV, the maker of consumer products such as Dove soap, Ben & Jerry's ice cream and Lipton tea, on Thursday reported a sharp decline in its fourth-quarter profit compared with results a year ago fattened by a gain from selling a business. Its sales edged up.
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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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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