News Snapshot:
The multinational reported underlying sales growth of 2.5% and turnover of €13.5 billion for the third quarter, reflecting a 4.1% rise in prices and a 1.5% fall in volumes. The growth was ahead of expectations and boosted by strong sales in the US, China and India, although curtailed by lockdowns in key south east Asian markets. The FTSE 100 firm told investors cost inflation is at “strongly elevated levels”, which CEO Alan Jope said he expects to continue into next year alongside supply chain disruption. Staffing shortages are seeing logistics costs rise particularly in the UK and US markets, he...
