Unilever, the world’s second-biggest consumer-goods maker, reported quarterly sales that missed estimates and said growth is slowing in emerging markets while conditions remain difficult in the U.S. and Europe.
Reckitt Benckiser Group Plc made a surprise $1.4 billion counterbid for Schiff Nutrition International Inc., topping an agreed offer from Bayer AG for the maker of vitamins, supplements and nutrition bars.
Hari Sumarno runs a small shop selling tobacco and household sundries at the Palmerah market in Jakarta, the bustling capital of Indonesia, which has one of the world’s fastest-growing economies. Palmerah is a hive of more than 100 mom-and-pop stores, and shoppers haggle over everything from duck eggs to flip-flops as flies buzz overhead.
L’Oreal SA, the world’s largest cosmetics maker, said first-quarter sales increased 8 percent, beating analysts’ estimates, as shoppers spent more on luxury perfume and distributors stopped cutting inventories.
Reckitt Benckiser Group Plc rose to a record in London trading after the maker of Nurofen posted revenue that beat estimates, defying a slowdown that has hurt competitors, boosted by increased sales of health-related products and a turnaround in developed markets.
After meals in the kitchen of their three-bedroom row house in Hitchin, about 35 miles north of London, the Quinn family washes the dishes by hand. They don’t own a dishwasher, and Louise Quinn doesn’t think they need one.