City snapshot: Nestlé reports first half organic growth of 2.8%

Swiss food giant Nestlé has reported it is on course to hit full year growth targets after reporting organic growth of 2.8% in the first half. Plus, on a hectic morning,  AB InBev has reported second quarter revenue growth of 4.7% largely driven by pricing, Diageo announces 0.9% full year sales growth and new share buyback, updates from British American Tobacco and PayPoint and all the rest of the latest news from the City.