Nestle profit rise

Nestle says net profit rose more than 40 percent last year, pointing to revived growth in its key Chinese and US markets and laying out plans to slice off its Herta cold cuts businesses to focus more on plantbased foods and “high-growth” categories.

Nestle announced a “strategic review” for Herta charcuterie in six European countries, including a possible sale, as part of efforts to focus on its Garden Gourmet and Sweet Earth brands. (AP)