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Friday, Feb 22
Fitch Ratings says the horse meat scandal in Europe will hurt small food producers and...
Fitch Ratings says the horse meat scandal in Europe will hurt small food producers and manufacturers which in turn could pressure margins and profits up and down the sector. At the top of the food chain (so to speak), a well-diversified Nestle (NSRGY.PK) and Tesco (TSCDF.PK) should remain relatively unscathed while specialty food and catering firms such as Sodexo will feel the most pain.