Nestle sales outlook brightens after strong first half Nestle Nestle improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world’s biggest packaged food company again raised prices to cope with higher input costs. Nestle said it is narrowing its full-year organic sales growth guidance – which does not include the impact of currency movements and acquisitions – to a [...]
Nestle to close baby formula factory in Ireland due to falling Chinese birthrates retail Nestle will close down a baby formula factory in Ireland due to a falling birth rate in China, placing 560 jobs at risk.
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla? Stocks Much has been made of the 'Magnificent Seven' tech stocks - Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla - which have dominated the US market amid a boom in demand for AI and, until recently, more optimism over potential interest rate cuts.
Nestle: Kit Kat and Nescafe maker’s sales below par as inflation hits demand February 22, 2024 Nestle, the Kit Kat and Nescafe coffee maker, reported lower than expected sales for the full year, as high inflation continued to impact customer demand.
Nestle: KitKat maker facing activist investor calls to make food healthier April 20, 2023 KitKat and Shreddies maker Nestle is facing calls from a global coalition of investors to set targets to make its food healthier. The group of 26 investors, which is responsible for more than 3 trillion US dollars (£2.64 trillion) of assets, is urging the food giant to ramp up its health performance and play its [...]
Nestle: Cost inflation eats into KitKat maker’s profit as it tumbles 45 per cent to £8.4bn February 16, 2023 KitKat and Nescafe coffee maker Nestle has revealed its net profits tumbled by 45 per cent as cost inflation led the global food and drink giant to hike up the prices of its products. The Switzerland-headquartered company, which owns some of the world’s biggest food brands, said its net profits fell to 9.3 billion Swiss [...]
Nestle admits facing supply chain issues ahead of Christmas October 7, 2021 Struggling with supply chain issues, Nestle has said it is working hard to make its products hit the shelves this Christmas. The struggle was attributed to a labour crunch and also a chronic shortage of Heavy Goods Vehicle drivers. Bottlenecks in shipping world over also are a major factor, according to the firm, for the [...]
Business leaders including Thames Water and Nestle call for end of gas usage by 2035 September 24, 2021 Business giants, including Thames Water, Nestle, BT and the Co-op, have reportedly called for an end of gas usage by 2035, as a supply and pricing crisis grips the UK. It would allow the UK to champion a “historic first”, following on from its legislation to end relentless coal-fired power. In a letter addressing MPs, [...]
Get your glow at the City’s decadent Four Seasons spa experience March 6, 2024 Go all out with the epitome of luxury at a gold-covered spa, which you can handily find in the heart of the City. Nestled in London’s historic quarter, lies the Four Seasons Hotel at Ten Trinity Square.
Nestle buys health brands from US nutrition firm The Bountiful Company for $5.75bn April 30, 2021 Food and drink giant Nestle has bought a chunk of health brands from US nutrition and supplement firm The Bountiful Company for $5.75bn. The conglomerate announced this morning that it has entered into an agreement with KKR to buy brands including Natures Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride, as well as the company’s US [...]