following the death of betancourt the issues at nestle have been accentuated by activist investor daniel loeb. he announced he had taken a 3$35 billion stake in nestle. generally agreeing with the direction, loeb called for greater urgency. alongside that, third point called for the sale of noncore assets like l'oreal on top of an aggressive improvement in returns. gemma acton has more on this story. just looking at the market reaction nestle is up, but flip-flopping all morning. not a lot of excitement here >> very muted reaction, i think that's because the news is muted as well. they're saying, yes, we're on track, moving ahead, we'll try to do things faster. let's remember that expectations for this were low in the first place. analysts were not excited about this event we're seeing that reflected in the comments coming through. yes, perhaps this signals a slight improvement to forecasts, people say around 5%, but nothing wholesale or groundbreaking here. >> so far we have no news on what nestle plans to do with l'oreal. that was one of the expectations or key sticking points between lobe