Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Consumer Cos Down As Inflation, Supply-Chain Issues Weigh -- Consumer Roundup

10/19/2021 | 04:57pm EST

Shares of retailers and other consumer companies fell after mixed earnings reports.

In a sign that inflation may be more persistent than central bankers are anticipating, consumer-products giant Procter & Gamble said it's raising prices on a host of household staples as costs for freight and raw materials rise faster than anticipated. P&G shares fell.

Similarly, shares of international tobacco distributor Philip Morris fell after warning its ability to meet demands for its popular IQOS heated-tobacco devices was affected by the global chip shortage.

Danone said sales rose in the third quarter, with strong growth across geographies, and reiterated guidance for the full year.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

10-19-21 1656ET

Latest news "Economy & Forex"
10:27aEU considers negative tests for incoming travellers, flight curbs still in place
RE
10:22aU.S. trade deficit shrinks as exports surge to record high
RE
10:21aBig Tech, chipmakers power Nasdaq as Omicron worries subside
RE
10:19aBig Tech, chipmakers power Nasdaq as Omicron worries subside
RE
10:19aFord partners with Salesforce to expand software business
RE
10:17aAnalysis-Czech budget rewrite to slash billions a steep test for new government
RE
10:14aStellantis will launch usage based insurance product in u.s.
RE
10:13aTop producer EQT backs U.S. natural gas exports, calls Warren's criticism "misguided'
RE
10:12aBoeing says PE firm 777 Partners orders 30 more 737 jets
RE
10:10aToronto index hits 1-week high as easing Omicron concerns lift energy stocks
RE
Latest news "Economy & Forex"