Prices rises help Unilever unveil above-forecast sales growth but Tesco pricing row overshadows update



Price rises helped household products giant Unilever unveil better than expected trading today even as they have sparked a row with supermarket giant Tesco.
The maker of Ben & Jerry's ice cream and Dove soap posted a smaller-than-expected slowdown in underlying third quarter sales growth of 3.2 per cent, above consensus forecasts for 2.9 per cent, but still a fall from 4.7 per cent growth in the first half.
The Anglo-Dutch firm also said it was on track to meet its full year targets.
But the update was overshadowed by a price hike dispute with Tesco which has pulled dozens of the... read more

 
13 October 2016 in Business, Views: 54
Source: Daily Mail
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