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Nestle Reports Sales Dip Amid Price Hikes

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Nestle quarterly sales estimates miss on price hikes

LONDON (Reuters) -Nestle on Thursday missed first-quarter organic sales growth estimates, as the world's biggest packaged food company hiked prices and sold fewer products, particularly in North America. The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4% and a moderate increase in underlying trading profit margin. Organic sales, which exclude the impact of currency movements and acquisitions, rose 1.4% in the first quarter ended March, the company said.

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Nestle Q1 Results: Quarterly sales estimates miss on price hikes

Nestle on Thursday missed first-quarter organic sales growth estimates, as the world's biggest packaged food company hiked prices and sold fewer products, particularly in North America.

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Sales down at Nestle after price hikes

The company, which makes popular brands including KitKat and Nescafe, has been increasing prices following supply chain pressures in the wake of COVID and the war in Ukraine.

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A Trip to Germany and Switzerland

I recently spent four winter weeks in Germany and Switzerland, where the climate is milder than high-altitude Wyoming.

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Invertebrate Biodiversity Vital for Planetary Health

Invertebrate Biodiversity Vital for Planetary Health
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NV Gold : MDA for the Six Months ended February 29, 2024 FS

NV GOLD CORPORATION

FORM 51-102F1

MANAGEMENT DISCUSSION AND ANALYSIS

SIX MONTH PERIOD...

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Proposed Directive Pertaining to Loss Absorbency Requirements Published for Comment | White & Case LLP

On 26 March 2024 the Prudential Authority published, for public comment, the revised proposed directive on loss absorbency requirements for banks, bank controlling companies and...

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Africa: Joint Press Release - International Red Cross and Red Crescent Movement Urges Support for Conflict Victims: 'We Cannot Let Sudan Become Another Forgotten Crisis'

Africa: Joint Press Release - International Red Cross and Red Crescent Movement Urges Support for Conflict Victims: 'We Cannot Let Sudan Become Another Forgotten Crisis'
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Catastrophe bond market yield dips to 12% on insurance risk spread squeeze

The total yield of the catastrophe bond market in US dollars had declined to 12% by the end of March, down from a high of close to 16% in early January.

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