Unilever and Colgate Issue Profit Warnings for Rest of the Year
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Two big consumer products companies issued profit warnings, underscoring an increasingly tough competitive landscape for some of the world's best-known brands.
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Two big consumer products companies issued profit warnings, underscoring an increasingly tough competitive landscape for makers of some of the world's best-known brands.
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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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Colgate-Palmolive Co. (CL.N: Quote, Profile, Research) on Monday warned that second-half earnings will fall well short of Wall Street forecasts due to higher marketing spending.
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European stock markets were dragged down by a profit warning from Anglo-Dutch consumer goods group Unilever.
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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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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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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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Unilever shares fell sharply after the household products giant issued a warning over its profits for 2004. The Anglo-Dutch food-to-detergents group admitted that its leading brands&#39; performance in the third quarter would be below that of the second.
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AMSTERDAM  Â Unilever, the maker of consumer products like Dove soap and Ben & Jerryâs ice cream, reported a sharp decline in its fourth-quarter profit on Thursday, compared with results a year ago when it sold a business.
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Unilever has reported a three percent rise in third-quarter earnings but warned it is reviewing its targets up to 2010, after issuing a shock profits warning last month.
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Unilever PLC reported higher earnings for the third quarter Wednesday but said its business suffered from weak demand and poor weather, with sales of Ben & Jerry's ice cream and Lipton Tea falling.
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The maker of Colgate toothpaste and Irish Spring soap  warned that earnings for the second half of the year will fall  short of earlier forecasts due to high marketing costs.
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Shares in Unilever fall after the Anglo-Dutch consumer goods giant issued a surprise profits warning.
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Household and personal care products  makers Procter & Gamble Co  and Colgate-Palmolive Co   both reported higher quarterly profit on Thursday,  boosted by sales in emerging markets as the U.S. economy  slowed.
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Unilever, the consumer products giant, said today that profits had slipped during the third quarter - as had sales of its top 400 brands.
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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, although tech shares rallied on a strong performance in the semiconductor sector...