Posted AT 6:50 AM EST on 31/07/08
Unilever's flat volumes send shares tumbling
LONDON — Food and consumer goods group Unilever Plc/NV posted a 6.8 per cent rise in second-quarter underlying sales on Thursday but the gain came from price rises, with volumes largely flat.
Anglo-Dutch Unilever, the world's third largest consumer goods group and maker of Sunsilk shampoo, Dove soap and Knorr soups, also warned of softening economies in North America and Western Europe as commodity cost increases gathered pace.
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