Blog: US uncertainty for Nestlé
Dean Best | 18 December 2007
Shares in Nestlé dipped today (18 December) after analysts, worried about the prospect of a downturn in the US, trimmed their ratings on the stock.
The downgrades could just be a reaction to the fact that Nestlé shares had been trading at a premium in recent weeks.
Investors, growing in nerves amid this summer’s credit crunch, have been looking to the safety of big, robust multinationals like the world’s biggest food company.
However, even a company the size of Nestlé will suffer if the US economy does go into recession. Nestlé announces its results for 2007 in late February; food executives around the world will be watching the Swiss giant’s outlook for the US with interest.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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