A Sweet Spot for Nestlé?

A Sweet Spot for Nestlé? - at www.moneyweek.com, the best of the international financial media

"Nestl-bashing has been a popular pastime this year" says John Foley on Breakingviews.com. In June the group had to pull two brands of powdered milk from the Chinese market after authorities found too much iodine in the products, and corporate governance has been in the spotlight too, after chief executive Peter Brabeck added the job of chairman to his duties in April.

But the company has finally "produced some good news." Underlying sales growth in the first half of 2005 came in at 5.2%, the first time the group has met its long-term growth target of 5%-6% since the first quarter of 2004.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.