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Food Retail

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  • A solution to food waste, on your phone or tablet Monday, 19 Jan 2015 | 9:00 AM ET
    A bulldozer pushes trash into piles at the Miramar Landfill in San Diego, California.

    Food waste costs cities and businesses billions in waste management fees. Now, however, there's an app for that.

  • European shares roused by rally in retailers Tuesday, 13 Jan 2015 | 12:31 PM ET

    LONDON, Jan 13- Retail shares led European equities higher on Tuesday, with expectations of new economic stimulus measures from the European Central Bank also helping to prop up stock markets. German retailer Metro AG climbed 4.5 percent after strong Christmas sales. British supermarket operator Morrison also advanced 4.5 percent as investors welcomed the...

  • UK food retail: 'Doomsday thinking' is over  Tuesday, 13 Jan 2015 | 11:40 AM ET

    With Sainsbury's overtaking Asda as U.K.'s second biggest retailer, there's been mixed news for the supermarket sector. Bruno Monteyne, senior analyst in European food retail, at Sanford C. Bernstein discusses the current state of U.K. supermarkets.

  • Customers hungry for Habit: CEO  Tuesday, 13 Jan 2015 | 5:40 AM ET

    Russ Bendel, CEO of Habit Restaurants, says it hopes to open up to 28 stores in the U.S. in 2015, while the Middle East could see up to 50 chains in the next 7 years.

  • *Andrew Higginson to become chairman on Jan. 22. LONDON, Jan 13- The intense pressure in Britain's supermarket sector claimed its first scalp of the year on Tuesday with the departure of Morrisons chief executive Dalton Philips following a plunge in Christmas sales from Britain's No. 4 grocer. The firm, which has been slow to expand into stronger parts of the market...

  • LONDON, Jan 13- The intense pressure building on the British retail sector claimed its first scalp of the year on Tuesday with the departure of Morrisons CEO Dalton Philips following weak Christmas trading from Britain's No. 4 grocer. The Bradford, northern England, based group posted the worst Christmas performance of Britain's listed supermarkets, with...

  • Morrisons says CEO to go after Christmas sales fall Tuesday, 13 Jan 2015 | 2:15 AM ET

    LONDON, Jan 13- Morrisons, Britain's No. 4 grocer, said its chief executive would step down after the firm posted the worst Christmas performance of Britain's listed supermarkets. The Bradford, northern England, based group which trails troubled market leader Tesco, Wal-Mart's Asda and Sainsbury's in annual sales, said on Tuesday it had started the search for a...

  • SAN FRANCISCO, Jan 12- Online-grocery delivery service Instacart said venture firm Kleiner Perkins Caufield& Byers led its latest funding round totalling $220 million. The company will use the cash to grow into new markets, both internationally and in the United States, Chief Executive Officer Apoorva Mehta said in an interview. Unlike grocery-delivery...

  • LONDON, Jan 9- The downgrading of Tesco's debt to "junk" status could limit its bargaining power on asset sales as well as symbolising the decline in fortunes of Britain's biggest retailer. That spoiled a day when Tesco's shares had risen as much as 15 percent after the grocer reported Christmas trading that was not as bad as feared and investors welcomed plans...

  • Europe accelerates to close sharply higher on Draghi  Thursday, 8 Jan 2015 | 11:30 AM ET

    European stocks surged to close almost 3 percent higher after European Central Bank President Mario Draghi reiterated on Thursday that the central bank was ready to start "full-blown" quantitative easing.

  • Tesco: Past its sell-by date?  Thursday, 8 Jan 2015 | 11:20 AM ET

    CNBC's Catherine Boyle reports on what is in-store for Tesco during 2015.

  • Tesco has a 'fresh pair of eyes'  Thursday, 8 Jan 2015 | 11:20 AM ET

    Tesco shares soar as it works on a new turnaround, on the same day that Marks & Spencer's drops due to poor Christmas sales. Guy Grainger, U.K. CEO of Jones Lang LaSalle, discusses.

  • By Martinne Geller and Paul Sandle. LONDON, Jan 8- Tesco is betting that a more consistent approach to pricing on hundreds of branded products will enable it to compete better with discount supermarkets, improve relationships with suppliers and direct more shoppers to higher-margin items. As Britain's No. 1 grocer fights to overcome the biggest crisis in its...

  • Tesco: On the way back up  Thursday, 8 Jan 2015 | 5:15 AM ET

    The recent scandals at Tesco do not reflect the overall business, and now we are seeing Tesco pick itself back up, says Bruno Monteyne, senior analyst of European food retail at Sanford Bernstein.

  • European shares advance on Fed minutes, Tesco rallies Thursday, 8 Jan 2015 | 4:16 AM ET

    LONDON, Jan 8- European shares rose sharply on Thursday, tracking gains in the United States and Asia, as retail stocks rallied and the minutes from the Fed's recent meeting reassured investors that it was not in a hurry to start raising rates. Shares in Britain's biggest grocer Tesco surged 5.8 percent, the top gainer in the FTSEurofirst 300 index, after saying it...

  • Tesco fights to revamp reputation  Thursday, 8 Jan 2015 | 4:15 AM ET

    After last year's reputation hit, Tesco is focusing on improving customers' shopping experience and affordability, says Bryan Roberts, retail insights director at Kantar Retail.

  • European shares rise on Fed minutes, Tesco jumps Thursday, 8 Jan 2015 | 3:23 AM ET

    LONDON, Jan 8- European shares rose sharply on Thursday, tracking gains in the United States and Asia, as retail stocks rallied and the minutes from the Fed's recent meeting reassured investors that it was not in a hurry to start raising rates. Shares in Britain's biggest grocer Tesco surged 5 percent, the top gainer in the pan-European FTSEurofirst 300 index,...

  • LONDON, Jan 8- Britain's biggest grocer Tesco plans to sell assets and cut hundreds of millions of pounds of costs to fund lower prices in store as part of its plan to fight back from the biggest crisis in its 95- year-history. Seeking to recover from four profit warnings and an accounting scandal last year, new Tesco boss Dave Lewis unveiled his plan alongside a...

  • LONDON, Jan 8- Tesco delivered its first salvo in a fight back against the growth of discount supermarkets on Thursday by cutting the price of hundreds of branded products such as Hovis bread, Kellogg's cornflakes and Stella Artois lager. Britain's biggest supermarket group, like rivals Asda, Sainsbury's and Morrisons, is losing sales to discounters Lidl and...

  • McDonald's will lay off 63 workers at headquarters Wednesday, 7 Jan 2015 | 5:46 PM ET

    The Golden Arches is cutting jobs at its headquarters in Chicago.