Unilever failed to impress investors this week with a disappointing third quarter trading update. Its shares tumbled despite food companies having proved relatively safe stock market havens since the US terror attacks on September 11.
Unilever predicted a third quarter overall sales increase of 4%. However, price rises instigated to maintain contributions from developing markets have been at the expense of volume.
Analysts predicted Unilever may fail to hit its full-year "low double-digit" earnings per share growth or reach it only at the expense of competitiveness.
Unilever plans to meet its long-term goals through concentrating on key global brands.
{{NEWS }}
No comments yet