Nestle stock rebounds, but infant formula recall keeps investors on edge
Nestle shares rose 1.4% to 75.41 francs Friday but ended the week down 1.3% after new infant formula recalls in Ethiopia and the UK. Regulators flagged batches over potential cereulide toxin contamination; no illnesses reported. Investors are focused on the recall’s impact ahead of Nestle’s Feb. 19 results.