Tesco and Unilever shares fall amid price row

Tesco and Unilever shares fall amid price row
 

Shares in Tesco and Unilever fell as trading began, with the two companies embroiled in a row over pricing.
Tesco has stopped selling dozens of Unilever's goods online - including brands such as Marmite and PG Tips.
The row is said to have developed when Unilever - which says it faces higher costs because of the fall in sterling - attempted to increase wholesale prices.
Shares in both Tesco and Unilever were down 2%. On the wider market, the FTSE 100 fell 47.88 points to 6,976.13.
Shares in Sky rose 0.9% after the satellite broadcaster reported a 5% rise in like-for-like sales over its... read more

 
13 October 2016 in Business, Views: 33
Source: BBC
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