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The Latest Breaking News from Nestle

Nestle Share Slump Adds Pressure On New Boss

Nestle's slumping share price is rattling shareholders and pension funds that have invested in the food giant, piling pressure on its new boss ahead of Thursday's annual results.

International Business Times

Aliens, sloths and silliness: Super Bowl ads offer laughs, celebs and surprises to win over viewers

Eugene Levy’s trademark eyebrows fly off for Little Caesars

The Independent UK

Inside the secret history of Design for Good, an alliance between companies with $4 trillion in market cap to devise solutions to the world’s biggest problems

Design for Good co-founder Ben Sheppard explains why big names like Microsoft, Nestle and DBS got involved.

Fortune

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read the most diverse news in one place.

Coffee drinkers braced for cost increase as bean prices reach record high

The price for arabica beans – the world’s most popular bean variety- reached a 47-year high this week.

The Independent UK

Quality Street discontinues chocolate labelled 'favourite of all time' by fans

QUALITY Street has revealed it's fan favourite Collisions chocolate bar has been discontinued...

The National (Scotland)

Nestle ramps up cost-cutting by another £2.2bn in overhaul

Recently-appointed boss Laurent Freixe is aiming to make savings to channel spending into advertising and marketing as part of a turnaround plan.

Evening Standard

F1 signs KitKat as championship’s official chocolate bar

Formula 1 has announced a multi-year partnership with Nestle, with its KitKat brand named “the Official Chocolate Bar” of the championship.

Autosport

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CMA finds millions of parents may be paying up to £500 a year "over the odds" for infant formula

The infant formula market is highly concentrated with Danone, Kendal, and Nestle accounting for over 90% of supply.

Evening Standard

Nestle Overhauls Executive Team As Sales Slump

Nestle's new CEO lowered sales growth expectations for 2024 and announced a leadership reshuffle on Thursday in what one analyst described as a "painful reset" for the global food giant.

International Business Times

Nestlé cuts profit outlook for 2024 amid sales slump

Nestlé has lowered its profit outlook for 2024 as sales growth falters, with new CEO implementing a leadership reshuffle

Evening Standard

Nestle Shares Fall After CEO's Surprise Departure

Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss food group.

International Business Times

Nestle CEO Schneider To Step Down After Eight Years At Helm

Nestle chief executive Mark Schneider is leaving the Swiss food group after eight years in charge and will be replaced by Latin America boss Laurent Freixe, the company said Thursday.

International Business Times

Fan-favourite chocolate bar back on sale after discontinuation disappointment

Nestle said it wanted to create a ‘special opportunity’ for fans to enjoy the ‘unique bar’ once more

The Independent UK

Caramac is back! Much-loved Nestle chocolate bar returns to shelves for limited period

Nestle announced it was cutting Caramac last year, leading chocolate fanatics to wonder if it was ‘some sort of sick joke’

Evening Standard

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The Guardian - AU

Australia’s major food companies failing nature, report finds

Targets to halt environmental damage ‘severely lacking’, Australian Conservation Foundation says, urging food industry to ‘step up to the plate’

Barchart

3 Top Dividend Stocks to Consider as Cocoa Prices Pull Back

Cocoa prices are pulling back after a spike, presenting an opportunity to invest in chocolate stocks. With the market projected to grow 5.8% annually, the sector promises long-term growth.

International Business Times

Who Profits From The Soaring Price Of Cocoa?

Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure.

The Times of India

Indian variant of Nestle's Cerelac crosses recommended sugar limit: Health issues it can cause in kids

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Bored Panda

These 30 Products Are Made By Such Horrible People, Others Decided To Stop Buying Them

We buy what we want to be. The post These 30 Products Are Made By Such Horrible People, Others Decided To Stop Buying Them first appeared on Bored Panda.

The Independent UK

Celebrity chef rails against frozen meals for Ozempic and Wegovy users: ‘Messed up as it gets’

The irony of processed food companies coming out with frozen meals for Ozempic and Wegovy users isn’t lost on Chef Andrew Zimmern

The Independent UK

World’s biggest food company launches fast food meals for Wegovy and Ozempic users

Investors have been worried that food companies will lose sales due to the hunger-suppressing drugs

The Hindu

Nestle denies 'double standard' on baby food in some countries

Nestle denies double standard in baby food sugar levels, facing shareholder concerns and regulatory warnings.

International Business Times

Nestle Sales Slump On Weak North America Demand For Frozen Food

Swiss food giant Nestle reported slimmer sales than expected in the first quarter on Thursday, weighed down by weak demand for frozen pizza and snacks in North America.

International Business Times UK

Nestlé Destroys 2 Million Perrier Bottles After Fecael Bacteria Discovered In One Of Its Wells

The revelation of bacteria of faecal origin in Perrier bottled water has sparked a wave of preventive measures and public apprehension.

Evening Standard

Google’s Gemini AI to help write and narrate ads for marketing behemoth WPP

The narration system will use Gemini 1.5 Pro to create customisable video narration scripts, which are then sent to London startup Eleven Labs to generate a voice to narrate videos

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