Foster&#39;s 2nd-Half Profit Slumps on Wine Charges; Shares Decline
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Foster&#39;s Group Ltd.&#39;s second-half profit slumped by three-quarters as it sold wineries and wrote off inventory at its Beringer Blass wine unit amid a glut in California.
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Colgate-Palmolive Co. warned Monday that second-half earnings will fall well short of Wall Street forecasts due to higher marketing spending.
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Concern that surging commodities costs  were hurting profit margins at companies such as Electrolux and  in sectors including cars and technology pushed European shares  to two-week lows by midday Thursday.
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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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Campbell Soup Co. CPB.N on Monday   posted lower quarterly profits, pressured by costs from the   sale of its U.K. and Irish businesses, pushing its shares down   more than 2 percent.
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Colgate-Palmolive Co. CL.N on Monday  warned that earnings for the second half of the year will fall  short of earlier forecasts due to higher marketing costs.
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The company said that one-time costs and a recall of Easy-Bake Ovens drove its second-quarter profit well below year-ago results.
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US packaged food manufacturer ConAgra Foods has reported a 10.3% fall in second-quarter earnings due to the divestment of its meat processing activities, but earnings from continuing operations rose.
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Australia&#39;s S&amp;P/ASX 200 Index fell from a record. Coles Myer Ltd. dropped for the second day on concern its second-half earnings announced yesterday don&#39;t justify its share price.
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Wine and spirits company Constellation Brands Inc.  said on Thursday that quarterly profit fell sharply, hurt by a plan to cut the amount of wine it ships to U.S. distributors and lower results from its British business.
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Stocks dropped yesterday as Colgate-Palmolive and Unilever cut profit forecasts, fueling concern that earnings growth is slowing at a time when borrowing costs are headed higher.
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Colgate-Palmolive Co.  on Monday warned that second-half earnings will fall well short of Wall Street forecasts due to higher marketing spending.
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Albertsons Inc. ABS.N, the  second-largest U.S. grocer, on Tuesday reported a substantial  drop in second-quarter profit due to costly promotions aimed at  reviving sales following a Southern California labor strike.
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Colgate-Palmolive Co. CL.N on Monday  warned that second-half earnings will fall well short of Wall  Street forecasts due to higher marketing spending.
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Cincinnati - The Kroger Co., owner of King Soopers and City Markets stores in Colorado and one of the nation&#39;s largest operators of supermarkets, reported today that its second-quarter earnings fell almost $50 million from a year ago, hurt by debt charges
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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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Shares of Cott Corp. BCB.TO COT.N  sank as much as 16 percent on Wednesday after the world's  largest maker of store-brand soft drinks reported lower  third-quarter earnings and cut its profit outlook.