Unilever Chief Executive Officer Paul Polman will next week report one of the worst quarters of sales growth in his five-year tenure amid a slowdown in emerging markets. Making matters worse is that an expected recovery in the U.S., his single largest market, has failed to materialize.
Imperial Tobacco Group Plc, Europe’s second-biggest tobacco company, reported growth in first-half earnings that matched analysts’ estimates after raising prices for cigarettes across its main U.K. market.
The U.K. government postponed plans to introduce plain packaging for cigarettes, saying it needs more time to assess the effect of a similar policy in Australia after a “highly polarized” reaction to the proposal.
Diageo Plc, the maker of Johnnie Walker Scotch, will buy a 53.4 percent stake in India’s United Spirits Ltd. for 111.7 billion rupees ($2.04 billion) to gain leadership in the world’s largest whiskey-consuming nation.