City News: Market buoyed by Nestlé’s growth despite warnings of further price hikes – The Grocer
CEO Mark Schneider said more price action would be necessary, on top of existing price hikes, to mitigate soaring costs. Barclays noted weakness in the performance of its Health Science division, US frozen meals and notably its Nespresso brand, as coffee consumption shifts back out of home. One consumer giant that did upgrade full-year expectations […]
