Food giant to raise spending to bolster sales
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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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The food company's profits are hit by cost pressures -- are higher prices the solution?
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The company said it was able to raise prices and improve productivity, which helped offset soaring costs for commodities like grains and cooking oils.
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Business & money: Fast food giant supersizes its dividend after reporting sales sizzling across the world.
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The company raises earnings guidance, boosting the stock.
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Drinks giant Diageo said it had raised 2.26 billion dollars (1.84 billion euros) from the sale of 49.9 million shares in US food company General Mills Inc.
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Consumers are set to face a jump in meat prices as farmers pass on the cost of surging feed prices, a report warns.
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Trevor Coates, chief executive of Foodland Associated Ltd., speaks on a teleconference from Sydney about the company&#39;s fiscal full-year earnings.
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Leading supermarket chain lays out road map for the future.
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The company sees a huge increase in sales, but can it last?
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The natural foods chain is predicting double-digit sales growth until 2010.
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The company is expected to increase spending in India by $500 million, as it focuses on making the country a regional hub for small-car manufacturing.
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Rising food costs helped push prices up for a second straight month, more than offsetting a moderation in energy price increases as inflation showed signs of gaining steam.
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Share sale to fund 'world's biggest fab' expansion plan
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People looking for that next chocolate fix might find it a little bit more expensive Thursday after Hershey Food Corp. said it will raise wholesale prices to offset higher raw material and other production costs.
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It plans to drive growth with fresher menu options and a new decor at Red Lobster.
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Foodland Associated has been making inroads in New Zealand and this may help strengthen its position in Australia, where it faces fierce competition from bigger rivals, such as Coles.