Taking Stock 

Unilever hit by Asian slowdown

Mark Robinson

Unilever hit by Asian slowdown

The market received a jolt in the early part of the week when Unilever (ULVR) revealed that annual sales growth would come up short of expectations. Faltering demand in the consumer goods giant's south Asian and west African markets means that growth will fall below the lower end of the 3-5 per cent rate previously guided, which implies a sharp fall-away in the fourth quarter given a nominally positive Q3 update in October. It also makes you question the degree to which spending on personal goods products in emerging markets might be deemed discretionary.

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