Improving Nestle reins in growth ambitions
Food giant Nestle will hit its 2020 organic growth target later than envisaged, it said on Thursday after posting its highest annual growth in four...
Factbox: Nestle CEO Schneider’s top deals
Nestle Chief Executive Mark Schneider has made great strides in positioning the world’s largest food company for the future with his aggressive deal-making since taking...
Nestle pushes back growth target after solid 2019
Food giant Nestle expects growth to accelerate over the next two years toward its mid-single digit organic growth target, initially set for 2020, after it...
Nissan slashes full-year profit forecast after sales slump
Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on...
Steel becomes new problem child as Thyssenkrupp posts profit drop
Thyssenkrupp’s steel division swung to a loss in the first quarter, raising doubts over Europe’s second-biggest steelmaker, the conglomerate’s core following its planned sale of...
Akzo Nobel targets rival-beating growth
Dutch paints and coatings maker Akzo Nobel aims to outpace its competitors’ revenue growth in the coming years while lifting profitability, it said on Thursday....
Japan’s Asahi says Korean boycott cost it 3 billion yen last year
Japanese beer and beverage maker Asahi Group Holdings said a South Korean consumer boycott of Japanese goods cost it around 3 billion yen ($27.32 million)...
Barclays CEO probed over Epstein ties, overshadowing profit gains
Barclays on Thursday said Britain’s financial regulators are probing the historical links between Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed...
Nestle expects growth this year after solid 2019
Food giant Nestle expects a continued increase in organic sales growth this year after it hit a four-year high at 3.5% and profitability improved in...
Credit Suisse posts best profit since 2010 in Thiam swan song
Credit Suisse posted a 69% rise in annual net profit on Thursday in a bittersweet swan song for outgoing Chief Executive Tidjane Thiam....