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United Kingdom

Silke Koltrowitz

Nestle teams up with Canadian plant-based ingredient makers

24 Jan 2020

WINNIPEG, Manitoba/ZURICH Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops.

Givaudan expects 4-5% sales growth this year after strong 2019

24 Jan 2020

ZURICH Fragrance and flavor maker Givaudan said it was confident of delivering like-for-like sales growth of between 4% and 5% this year, within its mid-term target range, implying a slowdown from 5.8% growth last year that benefited from price increases.

Nestle to invest billions to boost use of recycled plastics

16 Jan 2020

ZURICH Food giant Nestle will invest up to 2 billion Swiss francs (£1.5 billion) to source more recycled plastics for packaging its products and reduce its use of new plastics by a third by 2025, it said on Thursday.

Lindt to keep growing 5-7% after Europe, new stores boost 2019

14 Jan 2020

ZURICH Swiss chocolate maker Lindt & Spruengli wants to keep growing 5-7% per year in the mid-term after strong growth in Europe and the opening of new Lindt stores boosted organic sales by 6.1% in 2019.

Swatch ticked off with Swiss anti-trust agency parts ban

19 Dec 2019

ZURICH Swatch will be blocked from selling some parts to watchmakers, ranging from Richemont's Cartier to Chopard and Breitling, from next year in an escalation of a row between the world's biggest watchmaker and Switzerland's competition regulator. | Video

Swiss National Bank resistant to using reserves to fight climate change

12 Dec 2019

BERN The Swiss National Bank is resistant to using the massive foreign exchange reserves built up during its campaign to weaken the Swiss franc to tackle climate change, governing board member Andrea Maechler said on Thursday.

Swiss National Bank resistant to using reserves to fight climate change

12 Dec 2019

BERN, Dec 12 The Swiss National Bank is resistant to using the massive foreign exchange reserves built up during its campaign to weaken the Swiss franc to tackle climate change, governing board member Andrea Maechler said on Thursday.

Swiss National Bank indicates negative rates to stay for long haul

12 Dec 2019

BERN The Swiss National Bank remains wedded to its ultra-expansive monetary policy, indicating on Thursday that its negative interest rates would remain in place for the foreseeable future despite rising criticism in Switzerland.

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