Edition:
United Kingdom

Nestle SA (NESN.S)

NESN.S on Virt-X Level 1

83.02CHF
22 Oct 2018
Change (% chg)

-- (--)
Prev Close
CHF83.02
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
4,997,418
52-wk High
CHF86.40
52-wk Low
CHF72.92

Latest Key Developments (Source: Significant Developments)

Nestle expects acceleration of growth in Q4, largely due to comps
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - Nestle SA ::CEO SAYS STARBUCKS DEAL WILL SUPPORT NESTLE'S GLOBAL COFFEE BUSINESS GOING FORWARD.CEO SAYS SEES COMPETITIVE INTENSITY IN WESTERN EUROPE IN SOLUBLE AND PORTIONED COFFEE.CEO SAYS NOT HAPPY WITH DEVELOPMENT IN FROZEN FOOD, HAS WORK TO DO ON OPERATIONAL ISSUES.CEO SAYS STILL COMMITTED TO U.S. FROZEN FOOD FROM STRATEGIC POINT OF VIEW.CFO SAYS DOES NOT EXPECT VERY SIGNIFICANT CHANGES ON PRICING BETWEEN Q3 AND Q4.CEO SAYS EXPECTS PRESSURE FROM EUROPEAN RETAILERS ON PRICING TO GO ON.CEO SAYS EXPECTS INFLATIONARY TENDENCIES TO HELP NESTLE'S BUSINESS IN 2019 AND BEYOND.CFO SAYS EXPECTS TO MAINTAIN HIGH LEVEL OF REAL INTERNAL GROWTH.CFO SAYS BRAZIL REMAINS CHALLENGING, BUT WE SHOULD BE IN POSITIVE TERRITORY IN Q4.CEO SAYS DOES NOT EXPECT RESEARCH AND DEVELOPMENT BUDGET TO GO UP.CFO SAYS EXPECTS TO SEE SOME ACCELERATION OF GROWTH IN Q4, LARGELY DUE TO COMPS.  Full Article

Nestle says acquired Starbucks business EBITDA margin is around 24 pct-slides
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Nestle SA ::SAYS ON TRACK TO DELIVER MORE THAN SFR 2 BILLION IN STRUCTURAL SAVINGS BY 2020 OVER 2016 -SLIDES.SAYS EXPECTS SFR 700 MILLION OF RESTRUCTURING EXPENDITURES IN 2018-SLIDES.CONFIRMS MID-TERM GROWTH AND MARGIN TARGETS-SLIDES.WANTS TO TAKE PRUDENT APPROACH TOWARD CAPITAL ALLOCATION AND M&A-SLIDES.RECENTLY ACQUIRED STARBUCKS BUSINESS HAS AROUND 24 PERCENT EBITDA MARGIN, ACCRETIVE FROM 2019-SLIDES.  Full Article

Glaxo Seeks Bids Mid-September For $4 Bln India Sale- Bloomberg
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - :GLAXO SEEKS BIDS MID-SEPTEMBER FOR $4 BILLION INDIA SALE- BLOOMBERG,CITING SOURCES.GLAXO'S INDIA SALE HAS ATTRACTED INTEREST FROM POTENTIAL BIDDERS INCLUDING NESTLE, PEPSICO AND RECKITT BENCKISER - BLOOMBERG,CITING SOURCES.  Full Article

Biosearch Signs Manufacturing And Supply Deal With Nestle
Friday, 27 Jul 2018 

July 27 (Reuters) - Biosearch SA ::SAYS IT SIGNS MANUFACTURING AND SUPPLY AGREEMENT WITH NESTLE <<>> FOR PATENTED PRODUCT "HEREDITUM LACTOBACILLUS FERMENTUM LC40®".DEAL INCLUDES ESTIMATED REVENUES OF 25 TO 30 MILLION EUROS IN FIRST 5 YEARS OF COMMERCIALIZATION OF PRODUCT.CONTRACT WILL BE IN EFFECT INITIALLY UNTIL JULY 31, 2027, EXTENDABLE FOR PERIODS OF FIVE YEARS.  Full Article

Nestle In Talks To Buy Pet-Food Maker Champion Petfoods For $2 Bln - WSJ
Monday, 2 Jul 2018 

July 2 (Reuters) - Nestle SA ::NESTLE IN TALKS TO BUY PET-FOOD MAKER FOR $2 BILLION - WSJ, CITING SOURCES.NESTLÉ IS IN TALKS TO ACQUIRE A MAJORITY STAKE IN CANADA'S CHAMPION PETFOODS - WSJ.  Full Article

Nestle to pay royalties to Starbucks in coffee deal - source
Monday, 7 May 2018 

May 7 (Reuters) - Nestle SS ::SOURCE SAYS NESTLE TO PAY MARKET-RELATED ROYALTIES TO STARBUCKS AFTER UPFRONT PAYMENT.SOURCE SAYS MAY RAISE DEBT TO FINANCE STARBUCKS DEAL IF DOESN'T USE FREE CASH FLOW.SEEN OPENING UP 0.3 PERCENT AFTER STARBUCKS DEAL - PREMARKET INDICATORS JBPRE01.  Full Article

Draper Esprit announces sale Of Tails.Com To Purina Petcare
Monday, 30 Apr 2018 

April 30 (Reuters) - Draper Esprit PLC ::SALE OF PORTFOLIO COMPANY TAILS.COM, DIRECT-TO-CONSUMER, TAILOR-MADE DOG NUTRITION BUSINESS TO PURINA PETCARE, A UNIT OF NESTLÉ SA.  Full Article

Nestle says expects organic growth to improve in 2018
Thursday, 19 Apr 2018 

April 19 (Reuters) - Nestle SA ::CEO SAYS EXPECTS ORGANIC GROWTH TO IMPROVE IN 2018.CEO SAYS Q1 ORGANIC GROWTH CONFIRMS THAT MOST ISSUES AFFECTING GROWTH IN Q4 WERE TRANSITORY IN NATURE.CEO SAYS HAD POSITIVE GROWTH IN CHINA IN ALL CATEGORIES IN Q1.CEO SAYS WANTS TO USE ALL POSSIBLE UPSIDES ON PRICING, BUT OPPORTUNITIES VARY FROM MARKET TO MARKET.CEO SAYS WILL ONLY SIGN AGREEMENT WITH EUROPEAN RETAILERS IF NESTLE GETS SOMETHING OUT OF IT, NOT A TIME FOR ONE-SIDED AGREEMENTS.  Full Article

Nestlé Nominates Three New Independent Directors To Board
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Nestle SA ::NESTLÉ NOMINATES THREE NEW INDEPENDENT DIRECTORS TO BOARD.PROPOSES PABLO ISLA, CEO OF INDITEX TO BOARD ​.BOARD ALSO PROPOSES INDIVIDUAL RE-ELECTION OF CHAIRMAN AND OTHER CURRENT MEMBERS OF BOARD.PROPOSES PABLO ISLA, CEO OF INDITEX, KASPER RORSTED, CEO OF ADIDAS, AND KIMBERLY ROSS, FORMER CFO OF BAKER HUGHES, FOR ELECTION TO ITS BOARD.WITH PROPOSED NOMINEES FULL NESTLÉ BOARD WILL COMPRISE 14 MEMBERS, OF WHICH 12 ARE INDEPENDENT DIRECTORS.THREE CURRENT DIRECTORS, ANDREAS KOOPMANN, STEVEN G. HOCH, AND NAÏNA LAL KIDWAI WILL RETIRE FROM BOARD AT AGM ON APRIL 12, 2018.ELECTIONS WILL TAKE PLACE AT COMPANY'S ANNUAL GENERAL MEETING ON APRIL 12, 2018.  Full Article

Ferrero Says To Acquire Nestlé's Manufacturing Facilities In Bloomington, Franklin Park & Itasca
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Ferrero Group: :FERRERO - TO ACQUIRE NESTLÉ'S U.S. MANUFACTURING FACILITIES IN BLOOMINGTON, FRANKLIN PARK AND ITASCA, ILLINOIS.FERRERO GROUP SAYS TO ACQUIRE MORE THAN 20 AMERICAN BRANDS, INCLUDING BRANDS SUCH AS BUTTERFINGER, BABYRUTH, 100GRAND, RAISINETS, WONKA.  Full Article

Photo

Danone bets on healthy eating business to boost growth

PARIS Danone is banking on its expansion into the lucrative healthy eating business to produce sales growth that will beat the French food company's rivals over the coming decade.