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Nestle to increase prices to offset commodity costs

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Nestle will raise prices further this year

 
CEO Mark Schneider says it was needed to offset higher commodity costs.

He did not comment on the planned level of the increases at the world’s biggest food group.

It will likely add more concerns to consumers, with spending power already hit by high inflation.

The Swiss group, which makes Nescafe and KitKats, raised prices by 8.2% last year.

But that was not enough to offset the impact of higher costs for ingredients.

Nestle is not alone in raising prices, as other rivals have also done so to cope with surging costs.

Nestle blamed its performance in North America and the Nespresso business.

It comes after full-year net profit missed analyst expectations.

It fell to $10 billion, compared to expert predictions of $12.5 billion.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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