Company News, Financial News

Unilever Spooks Markets

Shares slide after Polman's comments.

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By: TOM BRANNA

Editor

Sometimes, bad news hurts everybody. Unilever's warning of slowing sales growth due to weakness in emerging markets weighed on rival consumer goods stocks including Procter & Gamble. The British-Dutch maker of Dove soap, Lipton tea and Ben & Jerry's ice cream expects sales growth of 3% to 3.5% in the third quarter. It cited a slowdown in emerging markets that “has accelerated as a result of significant currency weakening” and said developed markets remain “...

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