Food and Beverage Food and Staples Retailing

  • Nov 16- Canadian grocery and pharmacy retailer Loblaw Cos Ltd reported a 25.5 percent rise in quarterly profit, helped by a drop in expenses and improved performances by its financial services and property businesses. Adjusted net earnings attributable to shareholders rose to C $512 million, or C $1.26 per share, in the third quarter ended Oct. 8, from C $408...

  • LONDON, Nov 15- Tesco's sales are rising at the fastest pace for three years, industry data showed on Tuesday, signalling the recovery at Britain's biggest supermarket group is gathering pace. Shares in the company climbed as much as 4 percent after market researcher Kantar Worldpanel said Tesco's sales grew by 2.2 percent year-on-year in the 12 weeks to Nov. 6,...

  • LONDON, Nov 15- Britain's biggest supermarket Tesco saw sales grow at their fastest rate in three years in its most recent trading period, industry data showed on Tuesday, consolidating its return to market share growth and sending its shares higher. Market researcher Kantar Worldpanel said Tesco's sales grew by 2.2 percent year-on-year in the 12 weeks to Nov. 6,...

  • LONDON, Nov 15- Sales at Britain's biggest supermarket chain Tesco grew at their fastest rate in three years in its most recent trading period, industry data showed on Tuesday, consolidating its return to market share growth last month. Market researcher Kantar Worldpanel said Tesco grew sales by 2.2 percent year-on-year in the 12 weeks to Nov. 6, boosting its...

  • *Private equity deal value in Africa down to $900 mln in H1 2016. *Economic woes in Africa make investments tougher. JOHANNESBURG/ LONDON, Nov 13- A family-owned grocery chain selling lychees and almond milk would have been an unlikely target when giant private equity funds were spending big in Africa.

  • The humble hamburger saw yet another reinvention in Italy this week with McDonald's rolling out a new version filled with the sweet hazelnut and cocoa spread Nutella.

  • Nov 8- CVS Health Corp, the No. 2 U.S. drugstore chain by store count, reported a 15.5 percent rise in quarterly revenue, helped by strong demand for its pharmacy benefit management services. Net income attributable to CVS rose to $1.54 billion, or $1.43 per share, in the third quarter ended Sept. 30, from $1.25 billion, or $1.11 per share, a year earlier.

  • Nov 3- CVS Health Corp said it would cut about 600 jobs, mostly at its corporate offices in Rhode Island, Illinois and Arizona over the next two months, citing an increasingly competitive environment. The drugstore chain operator, which is expected to report third-quarter results next week, employs more than 240,000 people in the United States.

  • *Government seized all private sugar stocks in August. CAIRO/ ABU DHABI, Nov 3- Cairo grocer Bakr Atef has stopped selling sugar since authorities seized his stocks last month, accusing him of hoarding as a growing economic crisis angers Egyptians and raises fears of street protests. Sugar is the latest vital commodity to be thrown into crisis in Egypt this year.

  • LOS ANGELES, Nov 3- Whole Foods Market Inc is staking its future on blunt, vegan co-founder John Mackey, betting the man who built the high-end health food grocery chain has the best shot of leading its turnaround. Whole Foods on Wednesday said Mackey would resume his job as solo chief executive officer six years after he split the role with co-CEO Walter Robb, known...

  • Nov 2- Whole Foods Market Inc on Wednesday said sales declines at established stores are easing and that its co-founder John Mackey will take over as the company's sole chief executive, sending its shares up nearly 4 percent after hours. The pioneering organic and natural food grocer said Walter Robb, who has split CEO duties with Mackey for six years, will step...

  • Nov 2- Whole Foods Market Inc on Wednesday reported a better than-expected profit for the fiscal fourth quarter and said declines in same-store sales are easing, sending its shares up 4.7 percent to $29.84 percent in extended trading. Whole Foods also said that Walter Robb will step down as co-Chief Executive Officer, shifting duties to John Mackey, the grocery...

  • *Government seized all private sugar stocks in August. CAIRO/ ABU DHABI, Nov 2- Cairo grocer Bakr Atef has stopped selling sugar since authorities seized his stocks last month, accusing him of hoarding as a growing economic crisis angers Egyptians and raises fears of street protests. Sugar is the latest vital commodity to be thrown into crisis in Egypt this year.

  • A file photo of a meal being prepared at a Chipotle restaurant.

    One year since Chipotle’s downfall from a Wall Street darling.

  • Budweiser Beer Cheese Bacon Burger from Carl’s Jr. and Hardee’s.

    To appear to millennial diners, Hardee's and Carl's Jr. are taking its cues from the bar.

  • Arby's announced Tuesday it will begin testing venison sandwiches in select markets by the end of the month, USA Today reports.

  • Food and liquor sales growth at Australia's No. 2 supermarket halved in July-August from the same period last year, according to figures announced by the company on Wednesday. A price war between Coles and Woolworths has been so fierce that its effects have been felt in Australia's headline consumer price index. Price reductions, which had been hitting profits,...

  • Target's holiday plans

    CNBC's Courtney Reagan speaks with Target Chairman & CEO Brian Cornell about the retailer's holiday strategy, the impact of the election on sales as well as the outlook for holiday electronics sales like for Apple products.

  • *Reports 4th- qtr adj. profit of $1.07/ shr vs est. Forecasts FY adj. profit of $4.85- $5.20/ shr, includes Rite Aid. The No. 1 U.S. drugstore operator by store count said it expected to divest the 500-1,000 stores it needs to shed to win approval for the $9.4 billion acquisition by the end of 2016, and now expects the deal to close on Jan. 27.

  • *Reports 4th- qtr adj. profit of $1.07/ shr vs est. *Extends end date of merger to Jan. 27. Oct 20- Drugstore operator Walgreens Boots Alliance Inc reported a better-than-expected quarterly profit, helped by cost cutting, and said it now expected its acquisition of Rite Aid Corp to close on Jan. 27, three months later than planned.