Nestle flags shopper uncertainty around US election [Yahoo! Finance Canada]
UNITED UTIL GRP S/ADR PLC (UUGRY)
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Source: Yahoo! Finance Canada
By Richa Naidu LONDON (Reuters) - Nestle on Thursday said shopper "concerns around the election" in the United States are putting further pressure on demand in its biggest market by creating consumer uncertainty. The U.S. presidential election, the most consequential vote for financial markets in an election-packed year, is weeks away and Democratic Vice President Kamala Harris and Republican Donald Trump are locked in a close race to win on Nov. 5. Consumer-led anxiety over the election is an issue for Nestle and other consumer companies because it threatens to change Americans' buying patterns ahead of the critical holiday shopping season. "We have seen a slowdown in the United States, particularly in pet(care) and some of the concerns around the elections are playing out," Nestle CFO Anna Manz said on a post-earnings call. U.S. consumer sentiment slipped in October amid lingering frustration over high prices, with shoppers already cautious ahead of the poll. Nestle, th
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