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[$$] Price War Eats Into Unilever Profit

LONDON—A fierce price war between consumer goods giants hit Unilever PLC hard in the first half. The Anglo-Dutch maker of Dove soap and Magnum ice creams reported anemic sales growth and lower profit for the six months to June 30 as it discounted some products and struggled to raise prices on others in North America and Europe. Unilever, like other consumer goods companies, has long relied on selling new or improved versions of products at higher prices to boost growth.