Confectionery and pet food boost Nestle as prices rise

Nestle said sales rose 5.6% to €24bn in the three months to the end of March, beating analysts' estimates. 

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

The Swiss company, which makes KitKat chocolate bars, Nescafe coffee,  and Maggi stock cubes, said sales rose 5.6% to €24bn in the three months to the end of March, beating analysts' estimates.