Consumer goods company Unilever warned on Monday that a slowdown in its emerging markets accelerated in the third quarter and it now expects underlying sales growth of just 3 to 3.5 percent in the period.
Chocoholics face higher prices for their sweet treats as candy makers deal with higher prices for cocoa butter.
Consumers are sticking to frugal habits developed in the recession even as developed economies recover, suggesting some changes could be permanent.
European shares closed higher on Thursday following better-than-expected trade numbers from China, signaling tentative signs of an economic recovery.
Underlying sales at Nestle grew 4.1 percent in the first half, missing forecasts and lagging growth of rivals Danone and Unilever, as price erosion continued in Europe.
European shares closed lower on Thursday with investor confidence curbed by a mixed bag of earnings from major companies and concerns about slowing growth in China.
Paul Polman, CEO of Unilever, says the uneven recovery in the U.S. isn't helping the company.
The U.S. is showing signs of recovery but the uncertain outlook could affect Unilever's business in the country, the group's chief executive told CNBC on Thursday.
Brands from Belvedere to Magnum ice cream have ubiquitous presences during the Cannes Film Festival, hoping to boost their exposure.
Slower economic growth is dulling the outlook for equities, but consumer sector stays appealing in the long term.
European shares pared gains on Tuesday to close lower, after a raft of euro zone economic data softened earlier rises from positive earnings reports.
Anglo-Dutch consumer goods giant Unilever Plc will pay $5.4 billion to raise its stake in its Indian unit, in a bet on fast-growing spending power in Asia's third-largest economy.
Risk appetite returned to European markets on Thursday, as investor confidence got a further boost from the news that the U.K. avoided a triple-dip recession in the first quarter.
The "astonishing" growth of the middle class in emerging markets is benefiting General Mills and creating jobs in the U.S., CEO Ken Powell told CNBC's "Street Signs" on Thursday.
As Nov. 6 draws near, some food franchises are wrapping the U.S. election into their marketing. Have you tried Stephen Colbert's ice cream?
LONDON, Oct 4- Consumer goods group Unilever Plc/ NV is looking at a possible sale of its Skippy peanut butter business based in the United States and Canada which could, if sold, fetch around $400 million.
Take a look at some of Thursday morning's early movers:
With Facebook's stock down 40 percent, the company is going on the offensive.
Activist investor William Ackman said Tuesday the board of troubled Procter & Gamble would likely give its chief executive “a little bit more time” to fix its problems, but he took a slap at its lack of a “culture of efficiency.”
CNBC presents a list of 10 foreign-owned brands, businesses and landmarks that are perceived by the public to be as American as it gets.