Archives for October 19, 2011

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Nestlé performance in Europe surprises analysts

By Jane Byrne

Nestlé’s sales for the nine months to the end of September rose 7.3% to reach CHF60.89bn (€49.24bn), slightly short of expectations, but its positive European performance blindsided analysts.

Kraft shares €9m fine for German cappuccino cartel activity

By Ben Bouckley

Coffee roasting firms Kraft and Krüger have been hit by fines totaling €9m for allegedly fixing instant cappuccino coffee prices in Germany, activity that the nation's federal competition agency said most likely meant higher consumer prices.