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Nestle, Unilever post sales growth despite price hike

Bloomberg Europe’s consumer-goods giants are showing new signs of life by selling more food and cleaning supplies, even at higher prices. Nestle SA and Unilever surprised investors with strong starts to the year, reporting first-quarter sales growth that handily topped analysts’ estimates. The Swiss maker of KitKat bars and the Anglo-Dutch owner of Dove soap each cited a combination of ...

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Pinterest IPO raises $1.4 billion as it shuns social-media tag

Bloomberg Pinterest Inc.’s message to investors was don’t compare us to social media or a search engine. The outcome was that it raised about $1.4 billion in an above-range initial public offering. Pinterest operates in a crowded digital marketing space, where Google and Facebook Inc. get the lion’s share of ad dollars, and a smattering of smaller platforms like Twitter ...

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UK home prices stagnate as buying activity plunges

Bloomberg UK house prices stagnated in March as the number of transactions plunged, according to LSL Acadata. Values were flat on an annual basis last month as falls in London and southern England offset gains elsewhere, the firm said in a report. In March alone, prices rose just 0.1 percent, and transactions fell a seasonally-adjusted 15 percent, despite the month ...

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