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Retail Distributors

  • The company's shares were up 6.2 percent at $150.30 in after-market trading on Thursday. The company said it expects fiscal 2018 adjusted earnings of $11.75- $12.45 per share. However, Walgreens Boot Alliance deal for Rite Aid in 2015 cast doubts over that contract.

  • LONDON, May 18- British wholesaler Booker still expects its 3.7 billion pound takeover by Tesco to be completed by early 2018 at the latest, it said after reporting annual results on Thursday, despite regulatory hurdles that analysts said could make the timetable optimistic. Though the companies announced the deal in January, Britain's Competition& Markets...

  • LONDON, May 18- Booker, the British wholesaler that has agreed a $4.8 billion takeover by Tesco, said it still expected the deal to complete by early 2018 at the latest as it reported a 15 percent rise in annual profit. The two sides announced the combination in January and although both companies are currently engaging with Britain's Competition and Markets...

  • LONDON, May 18- Booker, the British wholesaler that has agreed to a 3.7 billion pound takeover by Tesco, on Thursday reported a 15 percent rise in annual profit, reflecting progress across the catering and retail supply sides of the business. It said it made a pretax profit of 174 million pounds in the year to March 24. "We are continuing to assist the UK competition...

  • "This mornings data suggested a firmer pace of inventory investment in the first quarter but a somewhat smaller contribution to growth in the second quarter," Goldman economists Spencer Hill and Avisha Thakkar wrote in a research note.

  • *Q1 earnings $1.77/ shr vs estimate of $1.68/ shr. *Raised fiscal 2017 adjusted earnings to $5.77 to $5.92 per share. Leerink Partners analyst David Larsen said the unchanged drug pricing forecast bodes well for fiscal 2018, adding that operating margins for the quarter have been partly hurt by more rapid brand to generic conversions and not pricing.

  • *Q1 earnings $1.77/ shr vs estimate of $1.68/ shr. *Raised fiscal 2017 adjusted earnings to $5.77 to $5.92 per share. AmerisourceBerger's net income fell to $411.5 million, or $1.86 per share, in the second quarter ended March 31, from $603.5 million, or $2.68 per share, a year earlier.

  • April 27- Duracell, a unit of Warren Buffett's Berkshire Hathaway Inc, on Thursday filed a lawsuit accusing a Missouri wholesaler of illegally selling gray market versions of its copper-top alkaline batteries. According to a complaint filed in federal court in Chicago, JRS Ventures Inc is importing and selling batteries made in China that were intended for...

  • CHICAGO, April 21- Target Corp, Wal-Mart Stores Inc and other retailers are shelving considerations to move supply bases closer to the United States in the face of a possible border tax, banking instead on killing support for the tax idea in Congress. The decision by retailers to forestall supply chain investment in countries such as Bolivia and Romania to focus...

  • CHICAGO, April 21- Target Corp, Wal-Mart Stores Inc and other retailers are shelving considerations to move supply bases closer to the United States in the face of a possible border tax, banking instead on killing support for the tax idea in Congress. The decision by retailers to forestall supply chain investment in countries such as Bolivia and Romania to focus...

  • Underlying UK sales rise for fifth straight quarter. LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for annual profit as its recovery gained pace, potentially strengthening the hand of boss Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. The supermarket group said its turnaround was ahead of schedule-- citing a...

  • *Underlying UK sales rise for fifth straight quarter. LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for full-year profit as its recovery gained pace, potentially strengthening the hand of Chief Executive Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. In addition to a 30 percent rise in its key profit measure,...

  • *Fourth-quarter UK underlying sales rise 0.7 pct. LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for full-year profit, showing its recovery is gaining pace and boosting Chief Executive Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. Annual like-for-like sales in its core UK market rose 0.9 percent- the first...

  • LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for full-year profit, showing its recovery is picking up pace in a boost to CEO Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. "We are confident that we can build on this strong performance in the year ahead," said Chief Executive Dave Lewis. By 2020, Lewis wants Tesco to...

  • LONDON, April 11- Tesco's annual results on Wednesday are likely to show the recovery at Britain's biggest retailer is picking up steam, potentially giving a boost to its stuttering campaign to win investor backing for a takeover of wholesaler Booker. Tesco is forecast to report a 33 percent rise in its key profit measure for its 2016-17 financial year, with a...

  • WASHINGTON, Feb 28- The U.S. economy expanded at a slower pace in the fourth quarter, as previously reported, and appeared to remain on a moderate growth path as President Donald Trump took office with a promise to reinvigorate manufacturing and protect jobs. He is expected to outline part of his program in a speech to Congress on Tuesday night.

  • *Spot gold was down 0.6 percent at $1,223 per ounce by 0110 GMT. On Wednesday, the metal touched its highest since Nov. 11 at $1,244.67. *The expected demise of transparency regulations for minerals and oil companies listed in the United States will not cloud the global drive for financial clarity in extractive industries, company executives told Reuters at an...

  • *New Zealand dollar slides on dovish central bank. NEW YORK, Feb 9- The dollar rose across the board on Thursday, posting its best one-day gain against the yen in three weeks, after comments from U.S. "It's been a broad-based dollar rally driven by the headlines that Trump plans to announce something phenomenal on taxes in the next few weeks, in his words," said Kathy Lien,...

  • LONDON, Feb 9- Gold slipped on Thursday from a three-month high in the previous session after robust U.S. economic data pointed to a stronger economy, increasing the likelihood that the Federal Reserve will raise U.S. interest rates. Spot gold was down 0.6 percent at $1,234.36 an ounce to $1,235.50. With gold striking $1,244.67, its highest since Nov. 11, on...

  • *Weekly jobless claims fall 12,000. WASHINGTON, Feb 9- The number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43- year low, amid a further tightening of the labor market that could eventually spur faster wage growth. Initial claims for state unemployment benefits dropped by 12,000 to a seasonally adjusted 234,000 for the...