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Rising costs hit Cussons' profits
Wednesday, 25 January 2012
A FURTHER 45,000 jobs will be lost in the construction industry this year as economic uncertainty continues, signalling a "lost decade" for the sector, a new report predicted today.
SUPERMARKET special offers drove a 12% profits fall at Imperial Leather maker PZ Cussons after it struggled to pass on £20m of cost hikes to consumers. Strong UK trading helped push revenues up 10.5% to £414m in the six months to November 30. But the group's profits fell to £39.2m as it battled against rising costs.
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