Thursday, October 17, 2013

Nestle Sees Emerging Markets Lift Sales Growth

Nestle said an improvement in emerging market demand helped to lift sales growth in the third quarter, reassuring investors worried by recent negative news from European peers Danone and Unilever.  The world's biggest food group and its rivals have been grappling with sluggish consumer demand in austerity-hit Europe, where prices for Nestle's products continued to fall, and a slowdown in many emerging markets. But Nestle said on Thursday that it had seen a slight pick-up across all its markets, which helped to boost its share price by 2 percent in morning trade.

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