Nestle pegged back by Swiss currency hit

KitKat maker Nestle saw first quarter sales boosted by an early Easter but growth was dented by currency changes after the Swiss central bank’s shock decision to lift a cap on the franc.

The consumer goods giant, which is based in Switzerland, saw total sales rise 0.5% to CHF20.9bn (€20.34bn) as it enjoyed a strong period in most of western Europe but had a slow start to the year in America.