Unilever shares fall on warning
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Unilever shares have fallen 5.7% after the Anglo-Dutch consumer goods giant issued a surprise profits warning. Unilever said sales of ice cream and its tea drinks were &quot;substantially lower&quot; in July and August due to very poor weather in northern Europe.
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Shares of AstraZeneca Plc and GlaxoSmithKline Plc, the UK&#39;s two biggest drugmakers, fell after a US health official said two of their best-selling treatments need closer safety reviews.
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Europe&#39;s main stock markets fell as banking shares slid on speculation that French bank Societe Generale may issue a profit warning because of losses linked to US subprime mortgages.
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Rising oil prices, apprehension over U.S. interest rates and pessimistic corporate outlooks from Unilever and Samsung Electronics pulled European stocks lower Monday.
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Food company's stock drops on weak 2008 guidance.
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London equities ticked lower on Monday, with retailers suffering after reports suggested that J Sainsbury missed internal sales targets during the peak Christmas trading season and Marks and Spencer also struggled during the key sales period.
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LONDON : Unilever, the Anglo-Dutch consumer products giant, is to close a frozen-food plant in Grimsby, northern England, next year with the loss of 600 jobs, a spokesman said.
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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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Shares in the telecommunications equipment maker fell today to their lowest level after the company slashed its forecast for full-year revenue growth.
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London equities fell in opening trade on Monday, after a profit warning fron car dealer Pendragron resurrected fears about weakeningconsumer spending
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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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Consumer goods giant Unilever Plc/NV  reported a step-up in sales growth to 3.9 percent in its second  quarter on Thursday, but underlying margins slipped as the  company spent heavily on recovery and its shares declined.
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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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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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Unilever, the maker of Lipton tea and Dove soap, said its sales decline accelerated in the third quarter as demand in Western Europe fell and competitors cut prices.
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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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Shares dropped as the company forecast a decline in 2008 earnings due to generic competition and weaker sales for its diabetes pill.