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Food and Beverage Food and Staples Retailing

  • MILAN, Jan 27- European shares pulled back on Friday with UBS dragging bank stocks lower after posting a drop in full-year profit, while Britain's biggest supermarket Tesco surged after a 3.7 billion-pound takeover deal to buy a supplier. The pan-European STOXX 600 index was down 0.3 percent at its close, while the UK's FTSE 100 rose 0.3 percent, supported by...

  • MILAN, Jan 27 (Reuters)- European shares pulled back on Friday with UBS dragging bank stocks lower after posting a drop in full-year profit, while Britain's biggest supermarket Tesco surged after a 3.7 billion-pound takeover of a supplier. The pan-European STOXX 600 index was down 0.5 percent while UK's FTSE was flat, supported by Tesco, which rose 8.4 percent...

  • The three kitchen facilities are in Everett, Massachusetts, Landover, Maryland and Atlanta, a company spokeswoman said in an emailed statement. In June, U.S. food safety regulators warned the grocer that inspections at its Everett plant turned up violations that could result in food being "contaminated with filth or rendered injurious to health."

  • Shake Shack introduces new ordering app.

    Shake Shack is offering a free burger to anyone who downloads its new app by Feb. 28.

  • Wal-Mart Stores Inc said earlier this month it would create 10,000 jobs in the United States as part of a previously announced plan. Trump, who took on office on Friday, has criticized U.S. companies across industries for not doing more to keep jobs in the United States. He met with a dozen American manufacturers at the White House on Monday, pledging to slash...

  • Jan 23- McDonald's Corp's sales at established U.S. restaurants fell for the first time in six quarters as the novelty of all-day breakfast failed to overcome competition from supermarkets and other retailers. The stock later rebounded somewhat to trade down 0.9 percent at $121.18. Traffic has fallen more than 10 percent over the last four years at...

  • The world's No. 1 retailer Wal-Mart Stores Inc said last week it would create about 10,000 jobs in the United States this year, as President Donald Trump puts pressure on companies to hire more U.S. workers. Companies such as General Motors Co and Amazon.com Inc have also announced plans to add jobs in the United States. German drug and chemical maker Bayer AG, which...

  • An employee serves a customer McFlurries in a McDonald's restaurant.

    Customers seeking McFlurries report that the machine is almost always down, The Wall Street Journal reports.

  • NAIROBI, Jan 18- Privately-owned Nakumatt, Kenya's biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a foreign fund for $75 million, part of an effort to bolster its balance sheet and pay off debts, its managing director said on Wednesday. Nakumatt, which started with a single store in Nairobi in 1992, operates 68 outlets in Kenya and...

  • HONG KONG, Jan 18- China's supermarket chain operator Yonghui Superstores Co Ltd said it would team up with Bain Capital Private Equity to buy U.S. retail services group Daymon Worldwide Inc for $413 million. Yonghui will invest $165 million for a 40 percent stake in Daymon, while Bain Capital will buy 60 percent, the Chinese firm said in a statement late on Tuesday.

  • NEW YORK, Jan 15- Twice a day, Scott Ozawa's Bluetooth-enabled toothbrush tells his dental insurer if he brushed for a full two minutes. "It's not expected today, but in the near future it will be used to penalize people," said Mitchell Wein at Novarica Inc, who advises clients on insurance technology. Insurers recognize the dangers but consumers have nothing to fear,...

  • NEW YORK, Jan 15- Twice a day, Scott Ozawa's Bluetooth-enabled toothbrush tells his dental insurer if he brushed for a full two minutes. "It's not expected today, but in the near future it will be used to penalize people," said Mitchell Wein at Novarica Inc, who advises clients on insurance technology. Insurers recognize the dangers but consumers have nothing to fear,...

  • LONDON, Jan 12- Britain's biggest department store John Lewis said it would invest heavily in its business this year in response to the accelerating shift to online shopping, after it reported a 2.7 percent rise in underlying Christmas sales. The John Lewis Partnership, which also owns the upmarket Waitrose supermarket, said even though it expected profit to be...

  • LONDON, Jan 11- Britain's Sainsbury's beat forecasts for Christmas trading in its core supermarket business and was upbeat on prospects for its newly acquired Argos general merchandise division after that also surpassed expectations. Sainsbury's, Britain's second biggest supermarket chain, joins fourth-ranked Morrisons in reporting...

  • The pan-European STOXX 600 index was up 0.2 percent, while blue-chip FTSE 100 hit a record high of 7,289.79, up 0.2 percent, and was headed for the best winning streak in its history. "The FTSE has not exploded higher, it has inched higher," said Michael Hewson, CMC Markets analyst. "UK supermarkets seem to be in rude health following bullish statements from both...

  • LONDON, Jan 11- European shares steadied on Tuesday in early deals, with retail stocks back in focus after a well-received update from British grocer Sainsbury, though Cobham tanked. The pan-European STOXX 600 index was flat in percentage terms, as was the blue-chip FTSE 100, which held close to a record high of 7,284.81 points reached in the previous session.

  • LONDON, Jan 11- Sainsbury's, Britain's second biggest supermarket, beat forecasts for underlying sales in its Christmas quarter and said it was well placed to deal with the pressures it faces this year. Sainsbury's, which last year bought Argos-owner Home Retail to improve its online logistics and general merchandise range, said sales at stores open over a year...

  • LONDON, Jan 11- Sainsbury's, Britain's second biggest supermarket, on Wednesday beat forecasts for underlying sales in its Christmas quarter and said it was well placed to deal with the pressures it faces in 2017.. The firm, which last year purchased Argos-owner Home Retail, said sales at stores open over a year rose 0.1 percent, excluding fuel, in the 15 weeks to Jan....

  • *Japan's consumer prices fall for nine straight months. TOKYO, Jan 11- Aeon Co posted a 51 percent jump in its third-quarter operating profit as brisk business at supermarkets, drug stores and discount outlets helped the biggest retailer by sales in Japan offset losses at its general merchandise stores. Operating profit for quarter ended Nov. 30 was 13 billion...

  • LONDON, Jan 11- Sainsbury's, Britain's second biggest supermarket, on Wednesday beat forecasts for underlying sales in its Christmas quarter and said it was well placed for 2017.. The firm, which last year purchased Argos-owner Home Retail, said sales at stores open over a year rose 0.1 percent, excluding fuel, in the 15 weeks to Jan. 7, its fiscal third quarter.