Edition:
United Kingdom

Silke Koltrowitz

Weak profitability eclipses strong China, U.S. sales at Richemont

17 May 2019

ZURICH Luxury goods group Richemont reported weak profitability in its watch business and online distributors in its past financial year, taking the shine off a solid sales performance in China and the United States.

Nestle makeover advances with $10 billion sale of skin health unit

16 May 2019

ZURICH/FRANKFURT Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to changing consumer demands.

Nestle will Wachstum von Babymilch-Sparte in China ankurbeln

08 May 2019

Zürich Nestle will seine Marktführerschaft bei Babymilch in China ausbauen. Für die bislang wenig erschlossenen Millionenstädte im Westen des Landes plant der Schweizer Konzern eine neue Produktlinie, um den dort stark vertretenen lokalen Anbietern besser Konkurrenz machen zu können.

Nestle upbeat after U.S. and China boost first-quarter growth

18 Apr 2019

ZURICH Nestle posted higher-than-expected sales growth in the first three months of the year after good momentum in the United States and China, putting it on track to meet its goal of more than 3 percent organic growth this year.

Greenpeace calls for Nestle to act over single-use plastics

12 Apr 2019

LAUSANNE, Switzerland Environmental group Greenpeace on Thursday accused Nestle of not doing enough to reduce single-use plastics polluting landfills and oceans.

Watches of Switzerland has further U.S. acquisitions in its sights

22 Mar 2019

BASEL, Switzerland Watches of Switzerland expects to make further acquisitions in the United States, which it first entered in 2017 with the purchase of jeweler Mayors, its chief executive told Reuters.

UPDATE 2-Staffing firm Adecco sees hiring slowdown in Germany and France

28 Feb 2019

* Shares fall as much as 6.7 percent (Adds CEO, analyst comments, shares)

UPDATE 2-Staffing firm Adecco sees hiring slowdown in Germany and France

28 Feb 2019

* Shares fall as much as 6.7 percent (Adds CEO, analyst comments, shares)

Nestle's overhaul starts to pay off as growth accelerates

14 Feb 2019

VEVEY, Switzerland Nestle put its Herta processed meats business on the block on Thursday, accelerating the world biggest food group's revamp as it reported an uptick in sales growth in 2018 for the first time since 2011.

World News

Europeans vote, with EU future in balance

Europeans vote on Sunday in an election expected to further dent traditional pro-EU parties and bolster the nationalist fringe in the European Parliament, putting a potential brake on collective action in economic and foreign policy.