Nestle misses sales estimates The world's biggest packaged food company has posted lower-than-expected quarterly profit, despite hiking prices. Organic sales rose 1.4% in the three months to the end of March, less than 2.9% growth expected. Read more.

Unilever reports better-than-expected underlying sales growth The consumer goods behemoth has reported a 4.4% uptick in sales, driven by volume and price increases in the three months to the end of March. Unilever saw particularly strong performance at its Dove and Knorr brands. Read more.

International demand boosts growth at PepsiCo The business has beat Wall Street expectations for first-quarter revenue and profit, driven by strong demand for its snacks in international markets. International business accounted for about 40% of PepsiCo's sales. Read more.

First-quarter beer sales up 4.7% at Heineken The world's second-largest brewer has posted a 4.7% uptick in beer volumes for the first three month of the year, beating analyst expectations of 2.5% growth. However, Heineken has said that the economic environment continues to be "challenging". Read more.

PZ Cussons to sell St. Tropez self-tanning brand The consumer goods business has announced plans to offload St. Tropez, saying that a new owner would be “better placed to capture the brand’s significant long-term potential” after strong growth in the US. Read more.

Reckitt posts better-than-expected growth The FTSE 100 consumer group has posted a 1.5% uptick in like-for-like sales for the first three months of the year, driven by strong sales in its hygiene business, home to brands including Finish and Lysol. Read more.