Breaking News

Emerging Weakness?

November 30, -0001

Unilever comments spook stocks.

Unilever will say that it has seen weakening in the market growth of many emerging countries in the third quarter and now expects underlying sales growth of 3 to 3.5% in the quarter. The emerging market slow-down has accelerated as a result of significant currency weakening. Developed markets remain flat to down.

“We continue to grow ahead of our markets and expect underlying sales growth to improve in quarter four," said Paul Polman, CEO, Unilever.  "For 2013 we are still on course to deliver against our priorities of profitable volume growth ahead of our markets, steady and sustainable core operating margin improvement and strong cash flow."

Polman's comments spooked investors, however. Procter & Gamble's share price fell more than 1% to $76.23, slicing through its 200-day moving average, Kimberly-Clark dropped 0.5% to $94.32 and Colgate Palmolive fell 3 cents to $59.90.

blog comments powered by Disqus
  • Innovation On Display

    Melissa Meisel, Associate Editor||February 3, 2016
    P&G Beauty Digital Studio showcases new products for 2016

  • It’s All About Teamwork

    It’s All About Teamwork

    Melissa Meisel , Associate Editor||January 4, 2016
    Collaboration was the theme of the Consumer Specialty Products Association 2015 annual meeting.

  • Burgeoning Beauty

    Burgeoning Beauty

    Melissa Meisel, Associate Editor||January 4, 2016
    A look at trailblazers for 2016 and beyond.