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Food and Beverage Food and Staples Retailing

  • 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.

  • LONDON, Jan 10- British supermarket Morrisons raised its profit forecast on Tuesday after enjoying its strongest sales growth in seven years over the Christmas 2016 period, while industry data showed market leader Tesco was also a festive winner. Britain's overall grocery market sales grew 1.8 percent in the 12 weeks to Jan. 1, the fastest growth since June 2014,...

  • LONDON, Jan 10- British supermarket Morrisons raised its profit forecast on Tuesday after enjoying its strongest Christmas sales performance in seven years, while industry data showed market leader Tesco was also a festive winner. Britain's overall grocery market grew 1.8 percent in the 12 weeks to Jan. 1, the fastest growth since June 2014, data from market...

  • LONDON, Jan 10- Morrisons raised its profit forecast on Tuesday after new ranges and revamped stores helped Britain's fourth biggest supermarket beat expectations for Christmas trading with its strongest underlying sales performance for seven years. The news sent shares in Morrisons up 4.2 percent, while market leader Tesco leapt 5 percent and...

  • LONDON, Jan 10- Morrisons, Britain's No. 4 supermarket group, on Tuesday raised its profit guidance as it beat forecasts with its strongest underlying Christmas sales for seven years, confirming its recovery under new management. The Bradford, northern England- based grocer said sales at stores open over a year, excluding fuel, rose 2.9 percent in the nine weeks to...

  • LONDON, Jan 10- Morrisons, Britain's No. 4 supermarket group, on Tuesday beat forecasts with its strongest underlying sales performance for seven years over the key Christmas period, building on a year of growth under a new management team. The Bradford, northern England, based grocer also raised its profit guidance. Morrisons said sales at stores open over a year,...

  • *Tesco Q3 UK lfl sales seen up 1.25-2 pct, Xmas up 0.6-1.5 pct. *Raft of other UK retailers also due to report, including M&S. LONDON, Jan 8- Britain's three quoted major supermarkets are expected to report this week that they enjoyed solid Christmas trading, though investor concern about a potential squeeze on consumer spending in 2017 means the focus is on their...

  • SYDNEY, Dec 28- Australia's top grocer Woolworths Ltd said on Wednesday it will sell its chain of petrol stations to BP plc for A $1.8 billion, the latest disposal in a bid to return the company's focus to its core supermarket business. "Hardware wasn't so great... this is another area of their business that they weren't really managing well," said Juliana Roadley, a...

  • SAO PAULO, Dec 21- Brazilian supermarket sales grew 5 percent in real terms in November from a year ago, industry group Abras said on Wednesday, suggesting resilient demand for food, toiletry and cleaning items despite a severe recession. "The 11- month data was better than we predicted," Márcio Milan, an Abras executive, said in a statement. The Abras national sales...

  • Irene Rosenfeld, CEO of Mondelez International

    Kraft-Heinz is planning to acquire Mondelez, which is currently in the midst of a $3 billion cost saving program, according to a report.

  • An employee stacks boxes filled with merchandise for shipment at the Amazon.com distribution center in Phoenix, Arizona.

    Cowen says apparel, consumables and groceries represent a potential market of $1.5 trillion in the U.S. for Amazon.

  • Dec 5- Amazon.com Inc said on Monday it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, kicking off new competition with supermarket chains. "It's a great recognition that their e-commerce model doesn't work for every product," said analyst Jan Dawson of Jackdaw Research, noting that physical stores would complement...

  • Still image from an Amazon Go promotional video

    Cowen says the grocery category's $795 billion annual market size is an attractive growth opportunity for Amazon.

  • Dec 5- Amazon.com Inc said on Monday it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, kicking off new competition with supermarket chains. "It's a great recognition that their e-commerce model doesn't work for every product," said analyst Jan Dawson of Jackdaw Research, noting that physical stores would complement...