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Nestle

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8 days ago

Nestle shares rose 3% Thursday after the maker of Nescafé and KitKat reported organic sales growth for the fourth quarter that beat analyst forecasts.
European stocks are expected to open in mixed territory on Thursday as investors await further earnings reports.

11 days ago

A crisis over contaminated baby formula reached a flashpoint as Paris' public prosecutor said it opened investigations into five companies making it.

22 days ago

It comes after some batches made by Nestle and Danone were recalled after being contaminated with a toxin.
Thirty-six children have suffered toxin poisoning symptoms linked to Nestle and Danone baby formulas that were recalled last month, the UK Health Security Agency has said.

23 days ago

The food giant recalled several batches of its SMA infant formula and follow-on formula in January over fears they were full of the cereulide toxin, which makes babies sick and gives them cramps.

36 days ago

Swiss food giants Nestle has also recalled infant formula batches in recent weeks over toxin fears.

50 days ago

The Food Standards Agency said the affected products may contain a poisonous substance that can cause nausea, vomiting, abdominal pain and has led to deaths in young people.

52 days ago

Nestle said it had received no reports of problems and was recalling the products "out of an abundance of caution".

60 days ago

Laurent Freixe, 63, had been the CEO of Nestle for just 12 months when he was suddenly ousted on September 1, after his own mistress allegedly called him out.

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