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Food and Beverage Food and Staples Retailing

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  • July 9- Walgreens Boots Alliance Inc, the largest U.S. drug store chain, raised its full-year profit forecast on Thursday and said acting Chief Executive Officer Stefano Pessina will take over on a permanent basis. The company said it is on track to reach its target of at least $650 million net synergies in fiscal year 2015 from the merger and $1 billion in fiscal...

  • July 9- Drugstore chain Walgreens Boots Alliance Inc, formed by Walgreens' takeover of Europe's Alliance Boots in December, reported a better-than-expected quarterly profit, helped by higher prescription sales and lower costs. Walgreens Boots Alliance also bought Avon Products Inc's U.K.- based Liz Earle skincare business for 140 million pounds.

  • Albertsons, No. 2 supermarket operator, plans IPO Wednesday, 8 Jul 2015 | 8:53 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Supermarket operator Albertsons has filed for an initial public offering of stock, according to a filing Wednesday.

  • Albertsons is owned by private equity firm Cerberus Capital Management LP. Cerebus bought Safeway and merged it with Albertsons earlier this year, creating the second-largest U.S. supermarket chain by number of stores after Kroger Co.. Citigroup, Morgan Stanley, Goldman Sachs and Merrill Lynch, Pierce, Fenner& Smith are underwriting the IPO, the company said in...

  • Supermarket chain Albertsons files for U.S. IPO Wednesday, 8 Jul 2015 | 6:57 AM ET

    July 8- U.S. supermarket chain Albertsons Cos Inc, which was recently merged with Safeway, filed with U.S. regulators on Wednesday for an initial public offering of common stock. Citigroup, Morgan Stanley, Goldman Sachs and Merrill Lynch, Pierce, Fenner& Smith are underwriters to the IPO, the company said in a filing with the U.S. Securities and Exchange Commission.

  • July 7- CVS Health Corp said it was withdrawing its membership from the U.S. Chamber of Commerce after media reports that the trade group was lobbying globally against anti-smoking laws. The No. 2 U.S. drugstore chain said it was "surprised" to read recent reports on the chamber's position on tobacco products outside the United States. The New York Times reported...

  • Greek bank closures may deplete supermarket shelves Friday, 3 Jul 2015 | 11:49 AM ET

    LONDON/ ATHENS, July 3- A halt to international payments from Greek bank accounts is hurting Greek businesses and their foreign partners and threatening supplies of vital goods like food and clothing into the debt-crippled country. With banks closed, people limited to withdrawing 60 euros per day and Greece's future in the euro possibly hinging on a...

  • UK shares fall to 5-1/2 month low, supermarkets sink Tuesday, 30 Jun 2015 | 12:20 PM ET

    *Standard Life slips after downgrade from RBC. LONDON, June 30- Britain's top equity index hit its lowest level since mid-January on Tuesday, pulled down by miners and supermarkets and underperforming even euro zone shares despite Greece being hours away from a repayment default. The FTSE 100 index closed down 1.5 percent, with mining stocks BHP Billiton and...

  • LONDON, June 30- Suppliers to Tesco can expect a better deal from Britain's biggest supermarket chain as it tries to sustain a tentative revival-- providing their wares survive a cull that is removing thousands of products from shelves. Chief Executive Dave Lewis faces a tough battle to rebuild trust with suppliers shattered by a 263 million pound accounting...

  • LONDON, June 30- British online grocer Ocado is closing in on its first technology deal with an overseas retailer, it said on Tuesday, disappointing investors who had hoped for news of a firm transaction. Ocado shares, up around 30 percent in the last three months, fell as much as 5.5 percent in early trading. "While Ocado remains convinced its first global deal will be...

  • LONDON, June 26- Britain's biggest supermarket Tesco showed a tentative recovery in its key home market was starting to move onto a stronger footing, with the sales decline in its first quarter coming in ahead of forecasts. A trading update on Friday, published ahead of a potentially stormy annual shareholders' meeting later in the day, said sales at British...

  • June 25- Kroger Co, the largest U.S supermarket operator, said it would increase its quarterly dividend by 13.5 percent and buy back $500 million of shares. Kroger raised its quarterly dividend to 21 cents per share on a pre-split basis from 18.5 cents per share. Kroger's shares were up about 1.4 percent at $73.93 in midday trading on Thursday.

  • CHICAGO, June 24- A merger between Dutch supermarket Ahold and Belgian rival Delhaize will be a boon for U.S. online grocer Peapod, an Ahold unit which will gain valuable resources to fend off rival Amazon.com and upstart competitors, according to retail industry consultants. Access to Delhaize's efficient and low-cost distribution centers in the east and its...

  • June 24- Posh supermarket chain Whole Foods Market Inc is being investigated by the New York Department of Consumer Affairs for overcharging customers for prepackaged meat, dairy and other goods by overstating their weight. Whole Foods, which dominates natural and organic grocery sales in the United States, is nicknamed "Whole Paycheck" for its high prices.

  • AMSTERDAM, June 24- Dutch-based supermarkets operator Ahold has reached a deal to buy Belgian peer Delhaize, the companies announced on Wednesday, in a move that will create a top 20 global retailer with strong positions in Europe and the United States. Ahold is operator of Stop&Shop and Giant in the United States, while Delhaize owns the Food Lion chain.

  • Supermarket operator Ahold to buy Belgium's Delhaize Wednesday, 24 Jun 2015 | 2:03 AM ET

    AMSTERDAM, June 24- Dutch-based supermarkets operator Ahold said on Wednesday it is to buy Belgian peer Delhaize in an all-share merger, with Ahold taking a 61 percent stake in the new company. In a joint statement, the two companies said the combination will have 54.1 billion euros in sales, with complementary operations in the United States and Benelux.

  • The risk and reward in the battle for shopper $$ Tuesday, 23 Jun 2015 | 3:26 PM ET
    Credit card transaction

    Inside the battle for Americans' money, big business is struggling to hold on to shoppers.

  • SYDNEY, June 19- Fresh fruit and vegetables are the new frontline in ALDI Inc's assault on Australia's $70 billion supermarket sector, as the German discounter looks to beat the most profitable duopoly in global groceries at their own game. For the first time, ALDI's Australian arm plans to ship fruit and vegetables direct from farms in Australia to its stores,...

  • *Q1 earnings/share $1.25 vs est $1.22. June 18- Kroger Co boosted its full-year forecast for identical-store sales and reported better-than-expected quarterly sales on the same basis as more customers bought groceries at its stores amid signs of strengthening U.S. economic growth. Kroger, which owns the Ralphs, Smith's and Food 4 Less grocery chains as well as...

  • June 18- Kroger Co, the biggest U.S. supermarket operator, boosted its full-year forecast for identical-store sales and reported better-than-expected sales for the latest quarter on the same basis as lower gas prices helped free up cash to buy groceries. The upbeat forecast, along with better-than-expected first-quarter earnings, pushed up Kroger's shares...