GENEVA • Swiss food and drinks giant Nestle SA posted a 3.7 percent rise in first-half profits Thursday, but warned it would not be easy sticking to its sales targets as it tackles slowing markets around the world and “value-conscious” consumers.
Investors sent shares down 2.4 percent to 63.15 Swiss francs in afternoon trading on the Zurich stock exchange, after Nestle released its first-half statement showing that underlying sales growth was at its lowest in four years.
Based in Vevey, Switzerl...
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