Emerging markets losing shine

London - Anglo-Dutch consumer goods company Unilever warned on Monday that a slowdown in its emerging markets had accelerated in the third quarter and it now expects underlying sales growth of 3 to 3.5% in the period.

Developed markets remained flat to down, it said, and overall Unilever said it was on track to meet its 2013 priorities.

It attributed the emerging markets slowdown to a significant currency weakening.

"We continue to grow ahead of our markets and expect underlying sales growth to improve in quarter four," chief executive Paul Polman said.