(Bloomberg) — Consumers stocking up on frozen food and medicine provided a short-term boon for both Nestle SA and Sanofi SA in the first quarter.Nestle, the largest company in the Stoxx Europe 600 Index by value, posted its fastest sales growth in nearly five years in the first three months of 2020 as consumers snapped up frozen food, while French drugmaker Sanofi said pandemic-related stockpiling accounted for about half of its revenue increase in the period.Away from those near-term lifts, pessimism abounds in other industries, nowhere more so than in energy markets, where Italy’s Eni SpA slashed its production outlook, …read more
Source:: Yahoo Finance
