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Daily Digit: Nestle Fails to Tempt

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Daily Digit: Nestle Fails to Tempt
AIRED:
4.1% is today's daily digit - disappointing first half sales at Nestle. The figures suggest a sharp slowdown in second quarter growth to the lowest rate in more than three years Price cuts at the world's biggest food group have failed to tempt Europe's recession-hit consumers. As a result The Swiss-based company has been forced to trim it's full year target by a fifth to around 5 percent. And even that could be a stretch says Chris Hughes from Reuters BreakingViews.moreless
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