Tuesday, October 1, 2013
They think growth’s all over! It is now.
Unilever shares slid on Tuesday after the consumer goods giant surprised the market with its first profit warning in a decade. The company behind Persil, PG Tips and Dove warned on Monday that a slowdown in emerging markets, where it generates almost 60pc of sales, accelerated in the third quarter. Paul Polman, Unilever's chief executive, sought to allay fears that the recent downturn in emerging markets had become entrenched.