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Nestle expands Singapore R

Agence France-PresseMay 22, 2013 08:31

Swiss-based global food giant Nestle said Wednesday that it had expanded its research and development operations in Singapore, amid robust Asian market growth. Nestle said that it invested almost 4.0 million Swiss francs (3.2 million euros, $4.1 million) to extend its research facility, and would this year add 20 jobs to the current team of 100. The group's goal, it said in a statement, is to "allow greater focus on its fastest-growing markets in the Asia-Pacific region".

Nestle sales growth slips as emerging markets slow

Agence France-PresseApril 18, 2013 05:45

The Swiss group Nestle, the world's leading food industry group, released on Thursday first-quarter sales figures that missed analysts' forecasts as growth slowed in emerging markets. In the first three months of the year, Nestle's sales rose by 5.4 percent to 21.9 billion Swiss francs (18 billion euros, $23.6 billion), a statement said. Nestle said the figures showed that the group was in line to perform as expected in 2013, but analysts polled by financial news agency AWP felt they were a disappointment, given expectations of 22.5 billion Swiss francs in sales.

No horse meat found in Nestle products: Italy

Agence France-PresseFebruary 23, 2013 08:46

Italy's health ministry on Saturday said tests carried out on Nestle beef products seized this week had shown they did not contain horse meat. "There was no trace of equine DNA in the cooked and frozen minced beef that was seized from Nestle on February 21," the ministry said in a statement. "The meat will therefore be returned," it added. Nestle, the world's biggest food company, on Monday said it was withdrawing two types of pasta meal from supermarket shelves in Italy and Spain due to contamination that did not constitute a health risk.

UPDATE 2-Nestle withdraws pasta meals as horsemeat scandal spreads

Thomson ReutersFebruary 18, 2013 22:30

* Products withdrawn from sale in Italy and Spain * Nestle latest company affected in scandal * Says withdrawals have no major financial impact ZURICH/LONDON, Feb 19 (Reuters) - Nestle has removed beef pasta meals sold under its Buitoni brand from sale in Italy and Spain after finding traces of horsemeat, becoming the latest victim of a food scandal still spreading across Europe.

Nestle posts 11.5% net profit rise in 2012

Agence France-PresseFebruary 14, 2013 15:07

Swiss-based food giant Nestle announced an 11.5-percent increase in net profit for 2012 on Thursday, beating analysts' forecasts with a figure of 10.6 billion Swiss francs (8.8 billion euros, $11.5 billion). Sales at the group -- known for products such as is Nespresso coffee capsules or Maggi stock cubes -- rose by 10.2 percent to hit 92.2 billion Swiss francs. Analysts had tipped Nestle to post a net profit of 10.5 billion Swiss francs, but the group's sales figure tallied with market-watchers' forecasts.

Nestle warns market will stay tough in 2013

Agence France-PresseFebruary 14, 2013 14:51

Swiss-based food giant Nestle warned Thursday that business was likely to be tough this year, after its 2012 results showed a slowdown in growth in emerging markets. Nestle's net profit of 10.6 billion Swiss francs (8.8 billion euros, $11.5 billion), representing an increase of 11.5 percent on the 2011 performance, was slightly ahead of analysts' forecasts. Sales at what is the world's top food industry player -- known for products such as Nespresso coffee capsules and Maggi stock cubes -- rose by 10.2 percent to hit 92.2 billion Swiss francs.