Nestle shares at two-year low as investors weigh Wegovy rollout
© Reuters. FILE PHOTO: Kit Kat chocolate covered wafer bars manufactured by Nestle are seen in London, Britain, July 25, 2018. REUTERS/Hannah McKay/Photo Illustration/File PhotoThe KitKat and Nescafe coffee maker's shares were down 2% and headed for their lowest level in more than two years. The pan-European food, beverage, and tobacco index fell 1.7%.
However, Cox does not regard this as a substantial risk to Nestle and the broader food industry in the long term.
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