Oct 19, 2017

FTSE 100 falls as Unilever sales slow

Shares in Unilever led the UK market lower after the consumer goods giant reported slowing sales growth. Unilever cited poorer weather in Europe and hurricanes in the US for the sales slowdown. Shares in Unilever were down 3.1% in early trade. In the FTSE 250, shares in IWG plunged 30% after the serviced office provider issued a profit warning. The company said third quarter sales had been weaker than expected, and group operating profit for 2017 was set to be "Materially below" market forecasts.

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