Unilever Cuts Annual Profit Forecast as Sales Falter
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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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Sony Corp. on Thursday cut its operating  profit estimate for this business year by 31 percent, citing  sharply falling prices of televisions, video cameras and other  key consumer electronics products, and weak demand for chips.
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Unilever PLC, the Anglo-Dutch consumer goods giant, reported that its pretax profit fell two percent in the third quarter after sales of ice cream, soft drinks and household goods were hit by poor European weather, weak consumer demand and pressure from rivals.
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Consumer goods giant Unilever, fresh from a shock profits warning last month, says bad weather hit sales over the summer months.
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SALES at consumer goods giant Unilever slumped 4% in its latest quarter, heaping yet more bad news on long-suffering investors. Just weeks after a devastating profit warning braced the markets for grim tidings
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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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The UnitedHealth Group cut its 2007 revenue forecast yesterday after determining that membership in its full-service Medicare plans for older patients would probably decline âmodestlyâ this year.
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Coca-Cola yesterday sharply reduced its long-term profit and sales targets, reflecting the entrenched slump that the world&#39;s largest soft drinks firm has found itself in.
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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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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, the Anglo-Dutch consumer goods giant, launched a crash advertising drive yesterday after shocking the City with a profits warning that sent the shares tumbling 4.7pc to a four-year low.
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Unilever, the world&#39;s largest maker of food and soap, cut its full-year earnings forecast after sales of ice cream and cold drinks slumped in Europe and demand for beauty and laundry products slowed.
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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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Manchester United reported lower annual profits of 27.9 million pounds from 39.3 milllion last time and warned future results would be affected by a drop in media revenues.
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Electronics giant Sony cuts its operating profit and sales targets for this business year, blaming falling product prices.
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The retailer lowers its outlook after same-store sales fall.
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UnitedHealth Group Inc.  cut its 2007 revenue forecast on Monday after determining membership in its full-service Medicare plans for seniors will likely decline "modestly" this year.