Advertisement
UK markets open in 5 hours 37 minutes

  • NIKKEI 225

    37,666.11
    +37.63 (+0.10%)
     

  • HANG SENG

    17,284.54
    0.00 (0.00%)
     

  • CRUDE OIL

    83.89
    +0.32 (+0.38%)
     

  • GOLD FUTURES

    2,338.30
    -4.20 (-0.18%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • Bitcoin GBP

    51,198.86
    -373.93 (-0.73%)
     

  • CMC Crypto 200

    1,383.37
    +0.79 (+0.06%)
     

  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Third Point's Loeb compliments Nestle on investor seminar

Reuters - UK Focus

LONDON, Sept 26 (Reuters) - The head of activist investor Third Point, which has pushed for change at Nestle (Swiss: NESN.VX - news) , complimented the Swiss company on its investor seminar on Tuesday, saying he could tell a lot of work went into it.

"You did a great job," Dan Loeb, whose Third Point fund holds a $3.5 billion stake in Nestle, told Nestle's Chief (Taiwan OTC: 3345.TWO - news) Financial Officer Francois-Xavier Roger after his presentation to investors.

Roger replied that it was "teamwork".

Loeb declined further comment when asked about Nestle's strategy or the new margin target it set. (Reporting by Martinne Geller; editing by Alexander Smith)