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Retail Distributors

  • *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...

  • MELBOURNE, Feb 9- London copper edged off its highest since early February on Thursday though it still remained supported by supply risks that threaten to erode an expected modest surplus this year. The potential for supply disruptions has become an increasing focus in copper markets in the past month, Goldman Sachs said in a report, with workers at the world's...

  • MELBOURNE, Feb 9- London copper hovered near its highest since late November on Thursday as niggling supply risks threatened to corrode what is expected to be a modest surplus this year. The potential for supply disruptions has become an increasing focus in copper markets in the past month, Goldman Sachs said in a report, with workers at the world's largest mine...

  • SYDNEY, Feb 9- U.S. soybeans fell for the first time in four sessions on Thursday, retreating from a two-week high touched in the previous session, as traders squared positions ahead of a widely watched U.S. government report. *The most active soybeans futures on the Chicago Board Of Trade fell 0.33 percent to $10.55-1/ 4 a bushel, having firmed 1.5 percent on...

  • MELBOURNE, Feb 9- London copper hovered near its highest since late November on Thursday as niggling supply risks threatened to corrode what is expected to be a modest surplus this year. That followed a 1.7- percent gain in the previous session when prices climbed to $5,925, not far from a two-month peak of $6,007 a tonne hit on Feb. 1. *Shanghai Futures Exchange...

  • Feb 9- Gold slipped from 3- month highs on Thursday on profit taking, but political risks from elections in Europe and worries over U.S. *Investors are concerned about the strong showing in the French presidential race of far-right candidate Marine Le Pen, who has promised to take France out of the euro zone and to hold a referendum on European Union membership.

  • The recall involved certain cans made in the company's Franklin Park, Illinois, facility. "We believe this was a deliberate, malicious act by an individual or individuals familiar with the quality and safety procedures at its Franklin Park, IL facility", Altria said in a e-mailed statement. A majority of U.S. Smokeless Tobacco Company's cans made at a separate...

  • WASHINGTON, Jan 27- U.S. economic growth likely slowed in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but a healthy increase in consumer spending and rising business investment should underscore the economy's underlying momentum. The government will publish its first estimate of fourth-quarter GDP on Friday at 8:30 a.m..

  • Net income attributable to McKesson was $633 million, or $2.85 per share, in the third quarter ended Dec. 31, from $634 million, or $2.73 per share, a year earlier. Revenue rose to $50.13 billion from about $47.90 billion, compared with estimates of about $50.50 billion. McKesson said on Wednesday it expects adjusted earnings from continuing operations of $12.60-...

  • Jan 25- Drug wholesaler McKesson Corp said it would buy privately held CoverMyMeds for about $1.1 billion to strengthen its technology offerings to pharmaceutical manufacturers, clinicians and health insurers. Net income attributable to McKesson was $633 million, or $2.85 per share, in the third quarter ended Dec. 31, from $634 million, or $2.73 per share, a year...

  • BRUSSELS, Jan 24- U.S. online retailer Amazon has offered to alter its e-book contracts with publishers in a bid to end an EU antitrust probe and stave off a possible fine, the European Commission said on Tuesday. Amazon, the biggest e-book distributor in Europe, proposed to drop some clauses in its contracts so publishers will not be forced to give it terms as good as...

  • WASHINGTON, Jan 10- U.S. wholesale inventories in November rose slightly more than previously reported, posting their largest gain in two years and suggesting inventory investment would again support economic growth in the fourth quarter. The Commerce Department said on Tuesday wholesale inventories rose 1.0 percent after slipping 0.1 percent in October.

  • Gregory 'Greg' Maffei, chief executive officer of Liberty Media Corp., speaks during a Bloomberg Television interview in New York, U.S.

    Liberty Media CEO Greg Maffei says that media giants are adjusting to the changing landscape of subscription-based video.