** Shares in Nivea-maker Beiersdorf BEIG.DE seen falling 3.3% in early Frankfurt trade after the group cut its guidance more than expected late on Tuesday
** The cut "came not out of the blue but was a bit deeper than feared," a local trader says
** The group also announced its half-year results on Wednesday, with sales in both the consumer and tesa segments coming in slightly below analysts' expectations
** Beiersdorf in seen at the bottom of Germany's blue chip index .GDAXI
(Reporting by Bernadette Hogg)
((bernadette.hogg@thomsonreuters.com))