Coronavirus weighs on first-half sales at Nestlé

Nestlé has reported that first-half sales rose after a strong first quarter outweighed declines in the following three months as the global coronavirus-led recession damped demand for the drinks, snacks and pet food processor’s products.

However, the figures were undermined by the costs of reorganising the Swiss-based firm’s Nestlé Waters business and also by the divestment of its Nestlé Skin Health and US ice cream units.