Food and Beverage Food and Staples Retailing

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  • *Tesco's UK sales have started to grow again. LONDON, April 13- Tesco, Britain's biggest retailer, said on Wednesday its recovery was gaining pace but warned a supermarket price war meant profit growth would be hard to deliver this year. The company, hammered by an accounting scandal and the rise of German discount chains, reported a first rise in underlying annual...

  • LONDON, April 7- The chief executive of Britain's Co-Operative Group will take a 60 percent pay cut as his workload has eased since the supermarkets-to-funerals group overcame a financial crisis two years ago, the mutual said on Thursday. In a statement, it said CEO Richard Pennycook had requested the pay cut, which will see his basic pay drop to 750,000 pounds for...

  • Wal-Mart, the largest grocer in the United States, said it would require that its egg suppliers adopt an industry standard for treatment of hens by 2025 and have their compliance monitored by a third party. The new guidelines will apply to the discount retailer's more than 5,000 stores in the United States, including its Sam's Club warehouse chain.

  • Walgreens, which is in the process of buying smaller rival Rite Aid Corp, said in April last year that it had identified ways to cut costs by $1.5 billion by the end of its fiscal year in August 2017. Walgreens said on Tuesday that it achieved net synergies of $329 million in the second quarter ended Feb. 29 from its acquisition of the 55 percent it did not already own in...

  • NEW YORK, April 4- For much of the last three years, investors have been willing to pay more for expected profit at Walgreens than for competitor CVS, but the pharmacy chain may be losing that edge on Wall Street. Evercore ISI analyst Ross Muken rates both stocks as "buys," but said that most investors choose between the companies, with Walgreens now representing a...

  • McDonald’s has set its sights on Asia, with the plan of adding over 1,500 new restaurants in China, Hong Kong and South Korea.

  • The Easter Bunny tends to put a bounce in chocolate sales, but the industry is under threat from changing consumption patterns and difficulties with cocoa farming.

  • A Starbucks location at the John Wayne Airport in Santa Ana, California.

    These analyst joined CNBC to discuss the pros and cons of the Starbucks stock.

  • LONDON, March 21- European shares fell on Monday, as a decline in the share prices of major mining stocks and in French supermarket operator Casino weighed on the region's stock markets. The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index were both down by 0.7 percent. However, Bayer's shares rose after people familiar with...

  • NEW YORK, March 17- OptumRx, the pharmacy benefit manager of UnitedHealth Group Inc, said on Thursday it signed an agreement with Walgreens Boots Alliance that is the first step in a strategic relationship with the pharmacy chain. The model puts OptumRx on more equal footing with its two largest competitors, CVS Health- which is made up of pharmacies and a pharmacy...

  • Sweet-toothed doughnut fans might just have a new purpose in life this Easter with another tantalizing treat hitting the streets of London.

  • LONDON, March 15- Sainsbury's, Britain's second biggest supermarket, reported its first quarterly sales increase in more than two years on Tuesday, three days before a deadline for it to raise its offer for Argos-owner Home Retail. Sainsbury's is embroiled in a two-way battle for Argos with South African company Steinhoff International and both suitors have...

  • LONDON, March 15- Sainsbury's, Britain's second biggest supermarket, on Tuesday beat expectations with its first quarterly underlying sales growth in over two years, potentially helping its takeover approach for Argos-owner Home Retail. Frankfurt- listed Steinhoff, which already has a retail presence in the UK through Bensons Beds and the Harvey's...

  • LONDON, March 15- British online grocer Ocado reported higher sales growth in its first quarter but gave no update on its plan to finalise a deal with key supermarket customer Morrisons on Tuesday. Ocado, whose range also includes products supplied by upmarket grocer Waitrose, posted a 13.8 percent rise in gross retail sales in the 12 weeks to Feb. 21 compared to...

  • LONDON, March 15- Sainsbury's, Britain's second biggest supermarket, on Tuesday beat expectations with its first quarterly underlying sales growth in over two years, potentially helping its takeover approach for Argos-owner Home Retail. The firm, which is embroiled in a two-way bid battle for Argos, said sales at stores open over a year rose 0.1 percent,...

  • Ahold is buying Delhaize for around 9.8 billion euros in a deal announced last year that will create one of the largest food retailers on the U.S. East Coast, and by far the largest in the Benelux. At an extraordinary shareholders' meeting in Amsterdam, Ahold CEO Dick Boer underlined the potential cost savings, purchasing and other' synergies' of the deal, which he...

  • AMSTERDAM, March 14- Shareholders of supermarket group Ahold on Monday voted to approve the company's proposed merger with Belgian retailer Delhaize. At an extraordinary shareholder's meeting in Amsterdam, 99.97 percent of shareholders present voted in favour of the merger. Ahold is buying Delhaize for around 9.8 billion euros in a deal announced last year...

  • AMSTERDAM, March 14- Shareholders of supermarket group Ahold on Monday voted to approve the company's proposed merger with Belgian retailer Delhaize.

  • Cans of Campbell's Tomato Soup

    Brand name food companies are facing increasing competition from emerging upstarts, causing legacy companies to rethink strategy.

  • Leon Black, chairman and chief executive officer of Apollo Global Management

    Apollo Global is nearing a deal to acquire Fresh Market for more than $1.3 billion, people familiar with the matter told Reuters.