Persimmon upbeat but sales slide
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Housebuilder Persimmon reports a 14% drop in forward sales but says interest rate cuts should revive the market.
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Britain's largest housebuilder Persimmon  reports record profits and says the housing market remains strong.
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The maker of Colgate toothpaste and Irish Spring soap  warned that earnings for the second half of the year will fall  short of earlier forecasts due to high marketing costs.
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Retail sales posted a modest gain in August, helped by the biggest jump in auto sales in more than a year. But there are concerns that spending could falter as the steep slump in housing and financial market turbulence weigh on consumer confidence.
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Sainsbury's says sales over the October to December period were down 1.2% on last year, and warns of "challenging" times ahead.
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Stock dropped but total sales are up and growth is positive at Casey's.
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Marks &amp; Spencer, reporting its fourth straight quarter of falling sales, says food sales slipped slightly in the last two weeks of September but clothing was steady.
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MGP Ingredients issues an earnings warning as low-carb sales plateau.
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Pernod Ricard, the liquor maker, said its annual profit rose less than forecast as a result of higher spending on advertising. Profit for the year ended June 30, excluding interest, taxes and amortization, was 1.26 billion euros ($1.6 billion), missing some analystsÂ estimates. Net income rose 32 percent, to 639 million euros. The results are the first full-year numbers since Pernod bought Allied Domecq for $13 billion last year. Pernod, which is based in Paris, said it increased its marketing spending during the year to 1.04 billion euros from 593 million a year earlier.
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De Beers, the world's top diamond  producer, posted a dip in 2007 diamond sales on Friday, but  forecast a rebound this year amid a tight market that was  expected to keep prices buoyant.
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Business Objects&#160;reported a 19 percent rise in revenue for the third quarter, driven by services, but earnings were dragged down by a shortfall in license revenue, recent acquisitions and legal costs.
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Steep discounts, combined with warm and wet weather, led to a less-than-stellar November sales for many chains, despite heavy shopper turnout for the kick-off of the holiday season, retailers said on Thursday.
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Anheuser-Busch Cos. Inc. reported a slight rise in third-quarter earnings Wednesday, despite a general slowdown in its beer business.
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Sales slump subsides at Furniture Brands.
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The companyâs consumer segment, which accounts for more than half of the companyâs sales, posted a 16 percent drop in earnings as the cost of ingredients jumped.
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ATLANTA - Soft-drink giant Coca-Cola Co. warned today that third-quarter and second-half results will fall short of expectations because of soft sales.
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Profits got a boost despite sluggish sales from the challenging environment.