Unilever and Colgate Warn of Slowdowns in Their Earnings
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Unilever, one of the world&#39;s leading consumer-products companies with products from Dove soap to Hellman&#39;s mayonnaise, surprised investors today by disclosing that its full
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Shares in Unilever fall after the Anglo-Dutch consumer goods giant issued a surprise profits warning.
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Stocks were set to open lower on  Monday as oil prices rose to their highest in nearly a month,  increasing concern about corporate profits, and consumer  products company Colgate-Palmolive Co. CL.N warned about  earnings.
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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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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/AMSTERDAM  - Food and consumer goods giant  Unilever cut its annual profit growth forecast by more than a  half on Monday, blaming wet weather which hit ice cream sales  and stiff competition in washing powders and soaps.
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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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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Colgate-Palmolive Co. CL.N on Monday  issued its first formal profit warning in almost a decade,  citing higher marketing spending and raw-material costs,  sending its shares down 11 percent to a four-year low.
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European shares opened weaker on  Tuesday, tracking a late dip on Wall Street as Colgate sparked  fresh earnings fears and on strong oil prices, but Tesco rose  after thumping first-half profit expectations.
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Procter & Gamble Co.  and its smaller rival Colgate-Palmolive Co.  posted slightly better-than-expected quarterly profits on Tuesday and signaled that their businesses look good for the rest of 2007, but the results failed to excite Wall Street, and their shares slipped in morning trading.
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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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NEW YORK - Higher oil prices and lowered outlooks from companies including Colgate-Palmolive Co., Unilever PLC and The New York Times Co. sent stocks sliding Monday...
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Stocks declined on Monday as oil  prices spiked higher and companies like consumer goods giant  Colgate-Palmolive warned on earnings, stirring investor worry  about corporate profits.
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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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TORONTO (CP) - Earnings warnings from Celestica and Coca-Cola along with a slowdown in US industrial production sent stock markets lower Wednesday.
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Colgate-Palmolive Co. CL.N on  Wednesday said profit fell in the third quarter because of  increased marketing spending and higher costs for raw  materials.