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September 8, 2006
By: TOM BRANNA
Editor
Unilever Plc/NV reported a rise in sales growth to 3.9% in its second quarter, but underlying margins slipped as the company spent heavily on recovery and its shares declined. Unilever is in the midst of a sales-led recovery to get back on a sustained growth path after its shock profit warning in 2004. But heavy spending behind its brands pushed underlying margins down one percentage point in the quarter while new 2010 long-term growth targets were considered unimpressive by analysts given the ...
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