Rising costs squeeze Nestle

Kit-Kat to Haagen Dazs firm Nestle today turned in a weaker underlying performance for 2010 as soaring commodity prices ate into profit margins.

Rising costs squeeze Nestle
Thu, 17 Feb, 2011 - 14:47

Kit-Kat to Haagen Dazs firm Nestle today turned in a weaker underlying performance for 2010 as soaring commodity prices ate into profit margins.

The world’s biggest food business warned the cost of raw materials – corn, wheat, cocoa – is set to continue rising in 2011 and price increases and cost savings will have to be introduced.

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