Chocs away: Nestle brand signs record sponsor deal with Formula 1 Sport Business The multi-year agreement will begin in 2025 and see KitKat designated as the official chocolate bar of Formula 1.
Is your business about to feel the Ozempic squeeze? Opinion Reshaping stomachs with weightloss drugs like Ozempic likely means reshaping some markets (and probably your strategy), says Paul Armstrong Ozempic, Wegovy, and Mounjaro are driving a subtle but undeniable shift in obesity rates across the U.S, showing a 2 per cent drop so far. While it’s too soon to crown these drugs the cure-all, their [...]
Meet the fund managers: Quality companies at a value price Investing In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Chris Rossbach, manager of the J. Stern & Co. World Stars Global Equity Fund. This is a transcript from an interview you can watch online. It has been edited for length and clarity. [...]
Nestlé reveals £150m plans to transform major UK site September 19, 2024 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 September 5, 2024 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? July 24, 2024 “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 [...]
Activist investors urge KitKat maker Nestlé to reduce reliance on sugar, fat and salt April 18, 2024 A resolution filed by a group of Nestlé shareholders will go to vote today at its annual general meeting, demanding one of the world's biggest food makers reduces its reliance on products which have high levels of sugar, fat and salts.
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.