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Food and Staples Retailing Food Retail

  • Valuation not a concern for us right now: Barclays

    William Hobbs, Barclays head of investment strategy for the U.K. and Europe, discusses his perspective on Tesco and the equity space more broadly.

  • New companies in digitial age waiting to be bought out by giants

    HSBC FX Strategist Dominic Bunning discusses business strategy in the digital age, and how this - as well currencies - are affecting high street retailers.

  • Oprah and Kraft Heinz to cook up healthy ready-to-eat foods

    Media mogul Oprah Winfrey is joining forces with Kraft Heinz to develop a new line of healthy food products.

  • 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."

  • More companies are offering a reward for customers who download their mobile apps.

  • 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...

  • A scavenger at a vegetable wholesale market in India.

    A technique practiced by early Egyptians could help resolve the modern-day problem of food waste.

  • Vegemite is getting a new owner

    Barry Irvin, executive chairman of Bega Cheese, explains the company's acquisition the Australian and NZ grocery unit of Mondelez.

  • 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,...

  • Nutella maker pushes back on cancer link claims

    The company that makes Nutella is fighting claims the chocolate and hazelnut spread can cause cancer.

  • 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...

  • Stocks to Watch: January 11, 2017

    Supervalu, Ford, and Boeing stocks are making headlines this Wednesday morning on Wall Street.

  • 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...