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“It’s now all about consistent execution” – Nestlé H1 takeaways as CEO Philipp Navratil guns for 3-4% growth

Nestlé is targeting high, single-digit growth from its four so-called growth platforms, which on average delivered 7% in the first half.

Latest news

US to reopen Mexico border closed due to screwworm

USDA stressed that the reopenings are “contingent” on Mexico’s adherence to a Joint Action Plan to control screwworm.

Fairlife restarts production after cyberattack, Coca-Cola says

The dairy business has resumed the “majority of its production” in the wake of the ransomware incident.

Intersnack to face strike action in Germany

The planned action follows the management’s offer of 2% wage hike and one-off payment of €156 ($177.68).

Spain cereals firm Haricaman gets investment

Haricaman plans to strengthen its breakfast-cereals business by widening its range and building two new manufacturing facilities.

Rothschild & Co. tops consumer M&A charts in H1 – data

According to GlobalData figures, Rothschild & Co. was the sector’s top M&A financial adviser by volume of deals.

Was Utz Brands too cheap to ignore for Intersnack’s US market foray?

The Boulder Canyon and On the Border snacks brand owner has been snapped up for $14.25 a share, a premium to market rates of around $7.

Froneri ploughs €30m into new ice-cream production lines in Germany

The investment centres on private-label and branded ice creams, particularly Mövenpick family packs.

Lactalis poised to acquire PDO cheese specialist Triballat

Family-owned Triballat generated revenues of €365m ($415.5m) last year and operates 17 production facilities, including two in the US.