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Europe Inc warns business is tough on home turf | Hellenic Shipping News Worldwide

Europe Inc warns business is tough on home turf | Hellenic Shipping News Worldwide
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Carlos tavaresGraeme pitkethlyArno antlitzGilles grapinetBen jerryAsia pacific africaEuropean central bankFinancial officer graeme pitkethlyMiddle eastChief financial officer arno antlitz

Price rises slow, but Unilever and others struggle to win shoppers back

Packaged goods makers including Unilever and Nestle disappointed investors with weak third-quarter sales volumes, but that could change in the coming months as price increases moderate. The slide in sales volumes of big brands only grew worse after the Ukraine war sparked a cost of living crisis. Top U.S. and European investors have this year flagged their concerns about high prices to consumer goods companies.

United kingdomFrance generalCity ofMark potterGraeme pitkethlyJuergen esserTineke frikkeeDominique vidalonMatt scuffhamRicha naiduRichard saldanhaFinancial officer graeme pitkethlyInvestment managementPackaged goods

unilever: Price rises slow, but Unilever and others struggle to win shoppers back

Packaged goods manufacturers, such as Unilever and Nestle, left investors disappointed due to underwhelming third-quarter sales figures. However, this situation might improve in the forthcoming months as the rate of price increases becomes more moderate. These companies raised their prices in response to the COVID-19 pandemic to offset rising expenses, which led some consumers to seek more budget-friendly options.

Tineke frikkeeRichard saldanhaJuergen esserGraeme pitkethlyFinancial officer graeme pitkethlyInvestment managementRaw materialsHigh pricesWaverton investment management

Price increases slow, but Unilever and others struggle to win shoppers back

Companies have hiked prices since the COVID-19 pandemic to make up for higher costs, prompting some shoppers to look for better deals

Reckitt enfamilGraeme pitkethlyJuergen esserRichard saldanhaWarren ackermanTineke frikkeeLog increate freeFinancial officer graeme pitkethlyInvestment managementEssential dairyP amp g

Europe Inc warns business is tough on home turf

Some of Europe's top companies, including Volkswagen and Unilever warned on Thursday that business in the region is increasingly tough, underscoring concerns that the full impact of high inflation and borrowing is now being felt by consumers. Unilever delivered third quarter sales which met market expectations after the maker of Dove soap and Ben & Jerry's ice cream raised prices albeit at a slower rate. But volumes fell by as much as 10.7% in Europe, its weakest region where business remained challenging.

City ofUnited kingdomSachsen anhaltFrance generalKirsten donovanSilvia aloisiJosephine masonGilles grapinetArno antlitzRicha naiduBen jerryAsia pacific africaGraeme pitkethlyCarlos tavaresEuropean central bankFinancial officer graeme pitkethly