News | Latest Breaking News Stories & Headlines

Nestle says it will not change the recipe of its KitKat bars, despite the rising cocoa prices

Nestle's chocolate prices in focus as cocoa costs bite

Nestle may flag more price hikes on its chocolate products when the world's biggest food maker reports first-half earnings tomorrow, making KitKat bars and Smarties more expensive by Christmas.

Business • 24 Jul 24

Walmart's data shows that customers who fill a Ozempic prescription also buy less food than average

Profit & weight loss: How Ozempic is disrupting business

Ozempic and Wegovy have been shown to have a dramatic impact on users', and their success is up-ending multiple industries too, writes Adam Maguire.

Business • 18 Jul 24

Some café chains are now charging as much as 23% more for a large coffee than was the case in 2020

Bean Counting: The rising cost of a cup of coffee

You probably noticed that the cost of a cup of coffee has jumped in recent years; the bad news is it looks set to go even higher, writes Adam Maguire.

Business • 04 Sep 24

Nestle misses sales estimates after hiking prices

Nestle has today 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.

Business • 25 Apr 24

Nestle said its net profit rose sharply by about 20% to 11.2 billion Swiss francs ($12.76 billion) last year

Nestle misses organic sales estimates amid price hikes

Nestle has today reported full-year organic sales growth slightly below expectations as the world's biggest packaged food company continued to hike prices, prompting some shoppers to turn to competing brands.

Business • 22 Feb 24

Prices in the UK infant formula market have soared by 25% over the last two years

UK regulator to scrutinise baby formula market

Britain's antitrust regulator said it would scrutinise the country's infant formula market after prices soared by 25% over the last two years.

Business • 20 Feb 24

Nestle chief executive Mark Schneider sees opportunities ahead for the company

Weight-loss drugs no threat to coffee business - Nestle

Nestle sees no threat to its huge coffee business from the rising popularity of weight-loss drugs like Eli Lilly's Zepbound and Novo Nordisk's Wegovy, its chief executive Mark Schneider said this week.

Business • 21 Dec 23

Consumers are snubbing toys and gadgets in favour of chocolate which, despite price rises over the past year, remains relatively inexpensive

Big confectioners eye Christmas boost

Quality Street maker Nestle and Cadbury owner Mondelez are seeing higher sales of confectionery this Christmas season driven by cash-strapped shoppers seeking cheaper gifts.

Business • 11 Dec 23

Nestle said today it expects volumes to turn positive again by the end of the year

Nestle misses its nine-month sales estimates

Nestle has today posted lower-than-expected nine-month sales growth as higher product prices made shoppers balk, but said it expects volumes to turn positive again by the end of the year.

Business • 19 Oct 23

The company is blaming a drop in demand for its products in China (Photo Credit: Press 22/Liam Burke)

Around 540 jobs under threat at Wyeth Nutrition

More than 500 jobs are under threat at the Wyeth Nutrition infant formula factory in Askeaton, Co Limerick.

Business • 19 Oct 23

Today's acquisition is part of Nestle's strategy to expand its presence in the super-premium chocolate segment

Nestle buys stake in Brazil premium chocolate maker

Nestle is buying a majority stake in Brazilian premium chocolate maker Grupo CRM, the Swiss food group said today.

Business • 07 Sep 23

Nestle, the world's biggest packaged food company, again raised prices to cope with higher input costs

Nestle beats first-half organic sales expectations

Nestle has today improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world's biggest packaged food company again raised prices to cope with higher input costs

Business • 27 Jul 23

Nestle makes Maggi stock cubes, Kit Kat chocolate bars and Nescafe coffee

Nestle beats quarterly sales estimates on price hikes

Nestle has today reported slightly better-than-expected first-quarter sales, as the world's biggest packaged food company increased prices to offset weak sales volumes.

Business • 25 Apr 23

Nestle, the maker of KitKat chocolate bars, raised prices by 8.2% last year

Nestle plans price hikes after costs eat into profits

Nestle has reported weaker than expected full year net profit despite the world's biggest food group passing on higher raw material costs by hiking prices for customers.

Business • 16 Feb 23

Nestle, which already has about 5,800 staff in Ukraine, is planning to add 1,500 new jobs at the new production facility in Smolyhiv

Nestle's new Ukraine plant in rare war-time investment

Nestle will invest 40 million Swiss francs ($42.88m) to launch a new production facility in western Ukraine, the company has said.

Business • 13 Dec 22

Organic growth, which cuts out the impact of currency movements and acquisitions, was 8.5% in the nine months to the end of September, the highest since 2008.

Nestle again nudges 2022 sales outlook higher

Nestle has tweaked its 2022 sales outlook higher, the world's largest packaged food company said ahead of an investor seminar today.

Business • 29 Nov 22

Nespresso is one of Nestle's biggest brands, with 2021 sales of $6.7 billion

Nespresso to sell paper-based compostable coffee pods

Nestle's Nespresso coffee business is launching paper-based compostable capsules to attract customers put off by the Swiss packaged food giant's metal ones, which despite being recyclable often end up in landfill.

Business • 21 Nov 22

Unilever makes Dove soap, Hellmann's condiments and Marmite spread

Unilever leads pack on price rises

Unilever has raised prices faster than its biggest rivals P&G and Nestle since the middle of 2021, in a replay of its strategy during the 2007-09 financial crisis.

Business • 14 Nov 22

The maker of Nescafe instant coffee posted sales of 69.1 billion Swiss francs ($69.43 billion)

Nestle raises full-year sales guidance

Nestle today reported better-than-expected nine-month sales and raised its full-year guidance as the world's largest packaged food company successfully passed on price increases to customers.

Business • 19 Oct 22

Nestle has pledged to spend over $1.01 billion by 2030 on efforts to source coffee sustainably

Nestle revamps coffee sustainability plans

Food giant Nestle has today pledged to spend over 1 billion Swiss francs ($1.01 billion) by 2030 on efforts to source coffee sustainably.

Business • 04 Oct 22

New accounts filed by Nespresso UK Ltd show that its Irish sales increased by £456,000 from £28.7m to a record £29.15m for the 12 months to the end of December

Covid helps Nespresso to record Irish revenues

Remote workers and "lockdown consumers" here last year helped coffee retailer, Nespresso brew up record Irish revenues.

Business • 06 Sep 22

Consumer goods firms are facing sky-rocketing input costs for raw materials, energy and transportation

Nestle raises organic growth outlook

Nestle has raised its full-year sales growth forecast to 7-8% and just slightly lowered its margin guidance after cost inflation hurt less than expected and price increases boosted organic sales growth in the first half of 2022.

Business • 28 Jul 22

Baby formula aisles at US supermarkets have been emptied by panicked parents

Baby formula makers ramp up US supplies

Nestle is flying baby formula supplies to the US from the Netherlands and Switzerland to alleviate the shortage in US supermarkets, the company said today.

Business • 17 May 22

Nestle has suspended the sale of most of its products in Russia

Nestle confident price hikes will help it meet goals

Food group Nestle has today confirmed its margin and sales growth targets for 2022 after strong price increases to cushion cost inflation helped organic sales rise more than expected in the first quarter.

Business • 21 Apr 22

Boxes of cereal manufactured by Nestle in a Russian supermarket

Nestle to suspend many products in Russia

Nestle said today it will halt the sale of several non-essential products including KitKat bars and Nesquik chocolate mix in Russia, in an unprecedented move amid pressure on the world's top consumer goods company after criticism from Ukrainian President Volodymyr Zelenskiy.

Business • 23 Mar 22