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Stock Market & Financial Investment News

News For NSRGY From The Last 14 Days
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August 14, 2015
11:18 EDTNSRGYNestle, General Mills could pursue Mondelez, The Deal says
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11:14 EDTNSRGYNestle, General Mills could pursue Mondelez, The Deal says
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August 13, 2015
06:46 EDTNSRGYIndian court rules Nestle's Maggi noodle halt arbitrary, Bloomberg says
An Indian court granted relief to Nestle India, saying that the June 5 order by the Food Safety and Standards Authority of India to halt sales of the company's Maggi noodles to be arbitrary, Bloomberg reports, citing the government's lawyer A. Sethna. The judges ruled that sales of the snack may resume if a certified laboratory conducted new tests that are found to be acceptable, the report says. Nestle said it plans to comply with the court's order for fresh tests, the report says, citing an emailed statement. Reference Link
05:39 EDTNSRGYNestle sees FY15 organic growth of approximately 5%
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05:38 EDTNSRGYNestle reports 1H15 sales of CHF 42.8B, 4.5% organic growth
In the first half of 2015 organic growth was 4.5%, composed of 1.7% real internal growth and 2.8% pricing. Total sales of CHF 42.8 billion were impacted by foreign exchange. Acquisitions, net of divestitures, contributed 1% to sales. Organic growth in the developed markets accelerated to 2.2% while in the emerging markets we achieved strong organic growth of 7.3%. Organic growth was 6.6% in the Americas, 3.4% in Europe, Middle East and North Africa and 2.2% in Asia, Oceania and sub-Saharan Africa. Real internal growth was 1.7% in AMS, 2.4% in EMENA and 0.6% in AOA. Net profit was CHF 4.5 billion and reported earnings per share were CHF 1.43. Underlying earnings per share rose 7.3% in constant currencies

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