- GERMAN consumer goods company Henkel lowered its full-year outlook for sales and earnings on Tuesday, blaming disappointing performance at its beauty unit and a hit to its adhesives business from falling industrial production.
- Sales of beauty care fell 2.4 per cent, sagging in western Europe and North America, and hit by stock issues in China, although the professional haircare business kept growing strongly.
- The laundry and home care division is still expected to grow 2-4 per cent in the full year after expanding 2 per cent in the second quarter, helped by a global relaunch of Persil detergent and a drive to sell more online-friendly products.