Blog: Dean BestUS 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.


BLOG

Tesco-Booker deal gets green light as UK grocery landscape shifts

Here in the UK, we've had two significant pieces of M&A news in the grocery retail channel in the last 24 hours....

BLOG

Getting the basics right online

Failed launches cost grocery brands operating in the UK over GBP30m per year - but ironing out mistakes made in listing new products online could help improve marketeers' chances of success, according...

BLOG

US trade body GMA loses another high-profile member

Just months after Campbell Soup Co. decided to leave The Grocery Manufacturers Association, the US lobby group is to see another major member leave....

just-food homepage



Forgot your password?