Nestle Confirms Targets After Rivals Warn
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Nestle confirmed its 2004 guidance on Tuesday, a day after competitors Unilever and Colgate-Palmolive cast doubts over the consumer goods industry&#39;s outlook by issuing profit warnings.
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Nestle SA, the world's biggest food and drink company, reported an 11 percent rise in first-half net profit Wednesday thanks to cost cutting and internal growth and despite higher raw material prices.
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The French government said that food group Nestle, which earlier signalled it might dispose of its famed Perrier water brand in a high-profile clash with unions over job cuts, wanted to keep the business and resume negotiations.
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LONDON : Britain&#39;s third-biggest grocer, J Sainsbury, is the target of a five-billion-pound (7.2-billion-euro, 9.1-billion-dollar) takeover bid.
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Nestle  pushed its rapid  expansion in the bottled water business forward on Tuesday by  agreeing to take over Swiss bottler Henniez  in a deal  valued at 155 million Swiss francs ($128.3 million).
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Energy firm Centrica warns of tough conditions after higher wholesale prices but says it will meet earnings targets.
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MELBOURNE (Dow Jones)--Stepping up its takeover defense from predator New Zealand Fonterra Cooperative Group Ltd. (FCO.YY), Australian dairy target National Foods Ltd.
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The consumer products firm issues a profit warning for the second half.
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Nestl lifted its threat Tuesday to sell off Perrier but warned that the plan could be revived if union activists block a program of voluntary job cuts and productivity gains at the French water brand.
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Some of America's largest food and drink companies, including McDonald's, Coca-Cola, PepsiCo and General Mills, promised on Wednesday to put stricter controls on advertising aimed at children under 12.
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Nestle , the world's largest food company, is most likely to name Chief Financial Officer Paul Polman as its new chief executive, replacing Peter Brabeck, Swiss Sunday newspapers reported.
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Nestle Waters France, a subsidiary of Swiss food giant Nestle, later confirmed in a statement that it was prepared to renew contacts with union leaders on holding on to Perrier provided they dropped their ...
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The consumer products conglomerate warns of lowers sales and profits.
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The European Union is close to announcing a deal in its on-going battle with Coca-Cola in an anti-trust case. Sources close to talks between the two sides have been quoted in todayâs press saying that the
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Nestle SA, the world's largest foodmaker, may buy baby-food company Gerber Products from Swiss drugmaker Novartis AG for as much as $5 billion, according to a published report.
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Nestle  operations in  Germany were raided last week as part of a German cartel office  investigation of suspected price-fixing by chocolate makers,  the company said on Monday.
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Nestle , the world's largest food company, held merger talks with U.S. snacks and drinks conglomerate PepsiCo  earlier this year, but the project ran aground due to a number of complications, the Wall Street Journal Europe reported on Thursday.