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Food and Staples Retailing

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  • LONDON, June 10- British supermarket Sainsbury's on Wednesday posted a sixth straight quarter of declining underlying sales as a fierce price war and record deflation hurt the industry. The group, which trails market leader Tesco and Wal-Mart's Asda by annual revenue, said sales at stores open over a year fell 2.1 percent, excluding fuel, in the 12 weeks to June 6,...

  • Sainsbury's sales fall for sixth straight quarter Wednesday, 10 Jun 2015 | 2:13 AM ET

    LONDON, June 10- British supermarket Sainsbury's on Wednesday posted a sixth straight quarter of declining underlying sales as deflation continued to weigh on the business. The group, which trails market leader Tesco and Wal-Mart's Asda by annual revenue, said sales at stores open over a year fell 2.1 percent, excluding fuel, in the 12 weeks to June 6, its fiscal...

  • *Vodafone shares fall as Liberty merger ruled out. LONDON, June 5- Britain's top share index fell on Friday to post its biggest weekly drop in nearly six months, mirroring a broad sell-off in Europe, with some food retailers losing ground after Deutsche Bank cut its estimate for the UK grocery market. Vodafone Group fell 2.4 percent to trim 6.3 points off the index, as...

  • New trend in doughnuts? Indulgence: Dunkin CEO Friday, 5 Jun 2015 | 8:23 AM ET
    An employee arranges doughnuts at a Dunkin Donuts store in New York City.

    Dunkin' Donuts is trying to meet the demand for indulgent treats by adding in Oreo and Chips Ahoy to its ingredients, CEO Nigel Travis says.

  • FTSE heads for worst week in 6 months, grocers slip Friday, 5 Jun 2015 | 4:49 AM ET

    LONDON, June 5- Britain's top share index fell on Friday and was heading for its worst weekly performance in nearly six months, mirroring a broad sell-off in Europe, with some food retailers losing ground after Deutsche Bank cut its estimate for the UK grocery market. The blue-chip FTSE 100 index was down 0.8 percent at 6,805.10 points by 0822 GMT, in line with...

  • HONG KONG, June 4- Troubled British retailer Tesco has hired HSBC to explore a sale of its South Korean operations, valued at about $6 billion, people familiar with the matter told Reuters on Thursday. The supermarket group, whose credit rating was cut to "junk" status by Moody's and S&P in January, is battling to recover from an accounting scandal and reverse market...

  • *Adidas rises after FIFA president resigns. LONDON, June 3- European shares turned flat late on Wednesday, mirroring a selloff in German bonds, after the European Central Bank raised its inflation forecasts and said it would look through any debt market volatility. The overall market was helped into positive territory by market supermarket groups Ahold and...

  • *Adidas rises after FIFA president resigns. *Market awaits ECB decision, news on Greece. LONDON, June 3- European shares edged higher on Wednesday, with supermarket groups Ahold and Delhaize advancing after media reports suggesting merger talks between the two could come to a successful conclusion as early as June.

  • *Ahold and Delhaize gain sharply on M&A report. LONDON, June 3- European shares edged higher on Wednesday, with supermarket groups Ahold and Delhaize advancing after media reports suggesting merger talks between the two could come to a successful conclusion as early as June. Shares in Ahold and Delhaize rose 3.6 percent and 6.3 percent respectively.

  • European shares steady, Ahold and Delhaize rise sharply Wednesday, 3 Jun 2015 | 3:28 AM ET

    LONDON, June 3- European shares held steady on Wednesday, with supermarket groups Ahold and Delhaize advancing after media reports suggesting merger talks between the two could come to a successful conclusion as early as June. Shares in Ahold and Delhaize rose 2.6 percent and 5.1 percent respectively. Investors will also focus on Greece's debt talks and a...

  • Foods that may fade along with the baby boomers Tuesday, 2 Jun 2015 | 11:29 AM ET
    Shoppers at a Kroger supermarket in Peoria, Ill.

    Some of the most recognizable American food and beverage brands have fallen out of favor with U.S. consumers, while smaller brands are gaining favor.

  • CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take such a public stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in...

  • CHICAGO, May 22- The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled. "Coming up with new products is really what keeps us up at night," said Chris Cuddy, president of corn processing.

  • Wal-Mart urges meat suppliers to curb antibiotic use Friday, 22 May 2015 | 1:42 PM ET

    CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take a stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in other...

  • *Deal values Omnicare at $12.7 bln, including $2.3 B debt. May 21- Drugstore operator CVS Health Corp said Thursday it will spend $10.1 billion to buy Omnicare Inc, a company that supplies prescription medicines to nursing, assisted living and other healthcare facilities. They could renegotiate their supply contracts given the volume, "said FBR analyst Steven...

  • CHICAGO, May 14- Wholesale U.S. choice-grade beef hit an all-time high on Thursday, spurred by supermarkets stocking up on tight supplies for the May 25 Memorial Day holiday, the kickoff of the summer grilling season, traders and analysts said. Thursday morning's wholesale price for choice beef hit $264.52 per hundredweight, topping the previous record of...

  • Hungover? Pedialyte wants your business Wednesday, 13 May 2015 | 2:51 PM ET
    Pedialyte a hangover cure? The company increases its focus on adult consumers.

    Pedialyte is going after a new market, and they don't have a bedtime...

  • BRUSSELS, May 12- Supermarket groups Ahold and Delhaize are in merger talks to create a top 20 global retailer with a major presence in the United States, the two firms said on Tuesday, confirming recent media reports. The company will communicate material updates, if any, in accordance with regulatory requirements, "both Ahold and Delhaize said.

  • JOHANNESBURG, May 11- Botswana grocer Choppies plans to raise $48 million in a secondary listing on the Johannesburg bourse, it said on Monday, seeking to boost its profile among investors in Africa's largest and most liquid stock market. Under the offering to selected institutional investors in South Africa and Botswana, Choppies will sell 117.4 million new...

  • Craft beer bubble? No way: Boston Beer co-founder Thursday, 7 May 2015 | 6:22 PM ET
    Samuel Adams brewer and founder Jim Koch listens to small business owners during a speed coaching session at the Boston Beer Company small business loan and business-coaching program in Denver.

    The craft beer industry is booming, but Boston Beer co-founder and brewer Jim Koch said Thursday there is still much more room to grow.