date:Aug 08, 2014
Nestle (NESN.VX), the world's biggest food group, announced an 8 billion Swiss franc ($8.8 billion) share buyback and stood by its full-year sales forecast on Thursday, after revenue growth in emerging markets picked up in the second quarter.
Its comments came after Anglo-Dutch rival Unilever (UNc.AS) (ULVR.L) blamed a slowdown in Asia for second-quarter sales missing forecasts last month, and profits at France's Danone (DANO.PA) were hit by weak dairy sales in Europe.
Food groups are facing t