Nestle SA

Unilever sales just miss expectations; Ben & Jerry’s ice cream unit heads for triple listing
Pints of Ben & Jerry’s ice cream are seen on a shelf at Ideal Fresh Market of Church Ave on March 19, 2024 in the Flatbush neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty Images Consumer goods giant Unilever on Thursday posted slightly weaker-than-expected sales growth and pointed to a […]
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Coffee prices climb to near 50-year highs — and it may take years for the rally to run out of steam
A coffee cup with a printed message from Salvadoran President Nayib Bukele’s X account is pictured at Franco’s Pupusa restaurant in San Salvador on July 17, 2024. Marvin Recinos | Afp | Getty Images A record-breaking rally for coffee prices shows no sign of slowing down, analysts say, with some warning it could take years […]
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A Singaporean AI startup is trying to disrupt the 100-year-old market research industry
Artificial intelligence is aiming to disrupt a 100-year-old industry. Finding ways to attract consumers to buy packaged goods stretches back to the 1920s when American psychologist Daniel Starch created the world’s first market research study. Today, the global market research industry is worth an estimated $87.7 billion and is expected to grow by another $15 […]
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European markets close higher after ECB cuts rates for the third time this year
‘Probably more downside risk than upside risk’ to inflation forecast, Lagarde says There is “probably” more downside than upside risk to the ECB’s inflation forecast, the group’s President Christine Lagarde told CNBC’s Annette Weisbach during the post-decision press conference. Asked about recent warnings that the ECB now faces a return of its old challenge of […]
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Nestle CEO departure seen as ‘not such a bad thing’ for investors, analyst says
Swiss food giant Nestle’s headquarters in Vevey, Switzerland. Fabrice Coffrini | Afp | Getty Images LONDON — Investors may think that the replacement of Nestle CEO Mark Schneider with company veteran Laurent Freixe is “not such a bad thing,” analyst Jon Cox said Friday. Cox, who is head of consumer equities at Kepler Cheuvreux, told […]
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Swiss stock exchange says trading halted due to data problems
Four Chinese companies raised about $1.5 billion in July by issuing shares on the Six Swiss Exchange via a new China stock connect program. Bloomberg | Bloomberg | Getty Images Switzerland’s stock exchange SIX said trading had been halted on Wednesday morning across all products until further notice due to issues with disseminating data. SIX […]
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European stocks head for mixed open as selloff eases; U.S. inflation data due
Traders work on the floor of the New York Stock Exchange as a picture of Vice President Kamala Harris is displayed on a television screen, on July 22, 2024. Spencer Platt | Getty Images LONDON — European markets are heading for a mixed open Friday, as a global stock selloff eases and investors await U.S. […]
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