Nestlé reveals £150m plans to transform major UK site Business Nestlé has revealed plans to invest more than £150m to transform one of its major sites in the UK. The giant is to upgrade its Nestlé Purina Petcare factory in Wisbech, Cambridgeshire, home to pet food brands including Felix, Gourmet and Winalot. The project is expected to be completed in early 2025 and will include [...]
Nespresso: King Charles and David Beckham help coffee giant brew success Food The UK arm of Nespresso signed up David Beckham and used King Charles’ coronation to help boost its sales and profit during its latest financial year. The division, which is owned by Nestle, has reported a growth in its pre-tax profit for the 11th year in a row while its turnover has continued its run [...]
Explainer-in-brief: Caramacs are back! But why are so many chocolate bars going extinct? explainer “The calls for the return of Caramac were heard loud and clear,” Nestle brand manager Lisa Butterworth said with pride yesterday, as she announced a limited return of the beloved chocolate bar, which was discontinued last year after a more than 60-year stint on newsagents’ shelves. But for many, the Caramac comeback will prove just [...]
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla? April 9, 2024 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.
Cocoa prices set another new high leaving bitter taste for chocoholics March 26, 2024 The cost of Easter eggs could increase again as bad harvests continue to dent global cocoa supplies, sending prices to a new all-time high.
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.
Truffle ahead as cocoa price surge spells costly Valentine’s Day for chocolate-loving Brits February 13, 2024 The price of cocoa on London's Exchange is up 127 per cent on this time last year