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Nestle SA (NESN.S)

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Latest Key Developments (Source: Significant Developments)

Galderma reports FDA approval of restylane silk
Thursday, 12 Oct 2017 09:00am EDT 

Oct 12 (Reuters) - Nestle SA ::Galderma announces FDA approval of restylane® silk as the first ha dermal filler approved for injection via cannula.Galderma - received U.S. Food and drug administration approval for use of a small blunt tip cannula with restylane silk for lip augmentation​.  Full Article

Codexis Inc, Nestlé Health Science enter strategic collaboration​
Thursday, 12 Oct 2017 08:00am EDT 

Oct 12 (Reuters) - Codexis Inc :Codexis Inc - ‍co, Nestlé Health Science enter strategic collaboration​.Codexis Inc - ‍Codexis receives an upfront payment of $14 million and potential milestones and royalties depending on product success for deal​.Codexis Inc - deal ‍includes an option for global development of CDX-6114 for PKU​.Codexis Inc - ‍Codexis will be responsible for clinical development costs for CDX-6114 up to and including Phase 1 in healthy volunteers​.Codexis - after ‍phase 1, Nestlé health science will have option to obtain exclusive global license to CDX-6114.Codexis - after ‍Phase 1, Nestlé health science will be responsible for all future development and commercialization of CDX-6114​.  Full Article

Nestle has no comment on Pfizer's consumer healthcare business
Wednesday, 11 Oct 2017 03:19am EDT 

Oct 11 (Reuters) - Nestle SA :Nestle declines comment on any interest in Pfizer's consumer healthcare business, says does not comment on rumours as a matter of policy.  Full Article

Bettencourt Meyers family holds 33.2 pct of L'Oreal capital - AMF
Tuesday, 26 Sep 2017 10:21am EDT 

Sept 26 (Reuters) - L'oreal Sa ::Bettencourt Meyers family in total holds 33.2 percent of L'Oreal capital - AMF filing.  Full Article

Nestle targets savings of up to 950 mln Sfr in U.S., EMENA by 2020
Tuesday, 26 Sep 2017 07:00am EDT 

Sept 26 (Reuters) - Nestle Sa :Nestle says sees total cost improvements of 350-450 million sfr in u.s. By 2020 over 2016 - slides.Nestle says sees total cost improvements of 400-500 million sfr in europe, middle east, north africa by 2020 over 2016 - slides.Nestle europe head says has good double-digit profitability in confectionery in europe, no reason to divest.  Full Article

Third point declines to comment on Nestle strategy update
Tuesday, 26 Sep 2017 03:15am EDT 

Sept 26 (Reuters) - Nestle Sa :Activist investor Third Point declines to comment on Nestle strategy update.  Full Article

Food companies to standardize date labels
Wednesday, 20 Sep 2017 04:00am EDT 

Sept 20 (Reuters) - Consumer Goods Forum::Consumer Goods Forum along with Champions 12.3 has approved a call to action to standardize food date labels worldwide by 2020.Says board adopted call to action to simplify date labels, including Tesco, Kellogg, Walmart, Campbell Soup, Nestle, Unilever.  Full Article

Nestle CEO says we expect improved organic growth in second half of 2017
Thursday, 27 Jul 2017 08:53am EDT 

July 27 (Reuters) - Nestle Sa :Nestle CEO says we expect improved organic growth in second half of 2017.Nestle CEO says evaluating accelerating restructuring projects.Nestle CEO says looking at several small and mid size acquistions in high growth areas.Nestle CFO says we see weak consumer environment in north america and europe.Nestle CFO says seeing encouraging early results from investment in china business.Nestle CFO says plans comprehensive relaunch for gerber nutrition brand in second half of the year.Nestle CFO says sees 1 billion francs in extra commodity costs this year.Nestle CEO says we are looking at better second half for skin health than first half.Nestle CEO says we have seen significant interest in u.s. Confectionary business from strategic and financial buyers.Nestle CEO says u.s. Confectionary review is on track, expect to complete it by the end of the year.Nestle CEO says company needs to be more agile, faster.  Full Article

Nestle CFO declines to comment on activity with individual shareholders
Thursday, 27 Jul 2017 02:07am EDT 

July 27 (Reuters) - Nestle Sa :Nestle CFO says had 450 million in increased commodity prices, offset by efficiencies, pricing.Nestle CFO says sees early signs of turnaround in yinlu.Nestle CFO says warm weather in europe weighed on result.Nestle CFO says cautious as far as pricing in 2h is concerned.Nestle CFO says declines to comment on activity with individual shareholders.  Full Article

EnWave ‍signs new technology evaluation and license option agreement with Nestlé​
Wednesday, 12 Jul 2017 09:00am EDT 

July 12 (Reuters) - Enwave Corp :Enwave corp- ‍signed a new technology evaluation and license option agreement with nestec ltd., a subsidiary of nestlé s.a.​.Enwave corp- ‍nestec and enwave will collaborate during a term of twelve months to evaluate revenue technology for dehydration of certain products​.Enwave corp- ‍enwave has granted nestec an option to exclusively license this technology should outcome of evaluation be successful​.Enwave corp- ‍all other terms of agreement are confidential​.  Full Article


Norway's $1 trillion wealth fund proposes to drop oil, gas stocks from index

OSLO Norway's trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index, which would mean cutting its investments in those companies, the deputy central bank chief supervising the fund told Reuters, sending energy stocks lower.