Unilever shake up as profit slips
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Anglo-Dutch consumer goods company Unilever will merge its two boards after reporting "unsatisfactory" earnings for 2004.
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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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Consumer goods giant Unilever Plc/NV  topped forecasts with a 27 percent rise in 2006 earnings on Thursday and said it expected to deliver underlying sales growth within its target range this year.
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LONDON Marks &amp; Spencer announced a management shake-up Tuesday that cost six senior executives their jobs, as the company said profit plunged and sales dipped in its home market for the first half of 2004.
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Higher cigarette prices and increased sales of cigarettes overseas helped edge profit higher, while earnings tumbled at the Kraft Foods unit it plans to spin off.
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Unilever PLC, the Anglo-Dutch consumer products maker, said Wednesday its business suffered from weak demand and poor weather in the third quarter, with sales of Ben & Jerry's ice cream and Lipton Tea falling.
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The British high street retailer Marks and Spencer announced a major management shake-up as it unveiled its first half results and said trading has become tougher since its last update.
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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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Consumer goods giant Unilever Plc/NV  topped forecasts with a 27 percent rise in 2006 earnings on  Thursday, but its shares fell as analysts said its recovery  appeared slow as it lagged its major competitors.
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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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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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Loss-making German department store giant Karstadtquelle plans a  shake-up to  haul itself back into profit, amid rumours of thousands of job cuts.
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Anglo-Dutch food giant Unilever has reported a 26 percent net profit rise in 2006 compared with 2005, attributable to divestments, but said sales stagnated in the fourth quarter.
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Shares in Unilever fall after the Anglo-Dutch consumer goods giant issued a surprise profits warning.
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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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Marks &amp; Spencer has announced a shake-out of top management after revealing that trading conditions have worsened, but it has not issued a profit warning as investors had feared.
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Troubled supermarket group J Sainsbury PLC said Wednesday that costs linked to changes in its supply chain contributed to an 88 percent fall in net profit in the first half of its fiscal year.