Food & Beverage Food and Staples Retailing

  • *Heidelberg Cement falls on update. "European markets have opened mixed this morning, shrugging off a disappointing session in Asia, where the reaction to last nights Fed minutes was anything but positive," said Michael Hewson, chief market analyst at CMC Markets. French supermarket operator Carrefour was the top gainer in early trading, up 7.5 percent as sales...

  • PARIS, Oct 17- French utility Engie and retailer Casino launched a joint venture on Wednesday that will invest some 100 million euros a year to build solar panels on the rooftops of supermarkets, hotels and hospitals in France. The joint venture between Engie and Casino's solar unit GreenYellow is called Reservoir Sun and hopes to install about 100 megawatts of...

  • *FTSE 100 up 0.4 pct. The FTSE 100 closed up 0.4 percent, well behind the euro zone's STOXXE which jumped 1.8 percent. Online grocer Ocado shares topped the FTSE 100 with a 5.5 percent gain after BAML analysts double-upgraded the stock to "buy" from "underperform".

  • LONDON, Oct 16- Britain's competition regulator will include German discounters Aldi and Lidl, and online retailer Amazon, in its probe into Sainsbury's proposed takeover of Asda, as well as long-standing supermarket rivals like Tesco. "The level and impact of competition presented by newer or growing retailers including Aldi and Lidl will be considered," the...

  • WASHINGTON/ NEW YORK, Oct 10- Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc, the Justice Department said on Wednesday, paving the way for a combination with potential to cut U.S. healthcare costs for consumers. The deal was approved on the condition that the companies sell Aetna's standalone...

  • WASHINGTON, Oct 10- Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc, the Justice Department said on Wednesday, paving the way for a combination the companies say can help cut soaring U.S. healthcare costs. Without the divestiture the two companies would have owned more than a 30 percent share...

  • PARIS, Oct 10- Casino's upmarket Monoprix supermarket chain said the start of its partnership with Amazon Prime's delivery service for Paris had been better than expected- an alliance that could prove crucial for debt-ridden Casino's fortunes. Monoprix Chief Executive Regis Schultz told Reuters that orders had been beating expectations, and that he hoped...

  • WASHINGTON, Oct 10- The U.S. Justice Department is expected to approve drug retailer CVS Health Corp's. The U.S. Justice Department gave the green light to health insurer Cigna Corp's $52 billion acquisition of the nation's largest pharmacy benefit manager, Express Scripts Holding Co, on Sept. 17. As part of what is widely expected to be a settlement with the U.S....

  • PARIS, Oct 10- Casino's upmarket Monoprix supermarket chain said the start of its partnership with Amazon Prime's delivery service for Paris had been better than expected- an alliance that could prove crucial for debt-ridden Casino's fortunes. Monoprix Chief Executive Regis Schultz told Reuters that orders had been beating expectations, and that he hoped...

  • Oct 2- U.S. grocer Kroger Co said on Tuesday it is exploring a partnership with Walgreens Boots Alliance Inc to allow its customers order online and pick up groceries at some of the drug retailer's stores. Grocers across the United States have been implementing new ways to draw more shoppers to their stores as they face intense competition from online retailer...

  • HELSINKI, Oct 2- Finnish shoppers are about to find out what they spend their money on at the supermarket after S Group, the country's largest retailer, gave customers access to their shopping history. S Group has been collecting detailed shopping data for years through its popular loyalty bonus card, which is held by 3.7 million consumers in Finland, whose...

  • PARIS, Oct 1- French supermarket group Casino said on Monday it had agreed to sell some properties of its Monoprix chain for 565 million euros to reduce debts that have worried investors and led to downgrades in its credit rating. Casino is now halfway to its goal of selling 1.5 billion euros in assets by early 2019.. Research firm Muddy Waters has raised concerns...

  • PARIS, Oct 1- Casino has agreed to sell some property assets for 565 million euros, as the French supermarket retailer looks to reduce its debts, given concerns among some investors over its financial position. "Casino Group confirms all of its 2018 objectives," the company said in a statement. "Continued good operational performance and the progressive roll-out...

  • *Sainsbury's/Asda deal referred to phase 2 probe last week. LONDON, Sept 27- Britain's competition regulator has identified 463 local areas where Sainsbury's and takeover target Asda's stores overlap, threatening higher prices or a worse quality of service, it said on Thursday. Both Sainsbury's, Britain's No. 2 supermarket chain, and Asda, the No. 3, had requested...

  • Sept 26- Amazon.com Inc on Wednesday said it is opening a store in New York City that will sell products ranging from card games to skillets that are highly rated on its website, in the company's latest push into brick-and-mortar retail. The shop, known as Amazon 4- Star, marks a new store format for the world's largest online retailer, which owns grocery chain Whole...

  • PARIS, Sept 24- Two of France's biggest supermarket groups were locked in a dispute on Monday after Casino said it had rejected a tie-up approach from larger rival Carrefour that Carrefour denied ever making. Two sources with knowledge of the matter told Reuters there had been a meeting on Sept. 12 between Carrefour head Alexandre Bompard and Casino's boss...

  • PARIS, Sept 24- The heads of French supermarket retailers Casino and Carrefour met on Sept 12 to discuss a broad range of topics regarding opportunities for the two companies, said two sources with knowledge of the matter. The morning meeting between Carrefour head Alexandre Bompard and Casino's boss Jean-Charles Naouri took place at an unidentified third...

  • PARIS, Sept 24- French supermarket group Casino, whose shares have slumped this year due to concerns over its debt, said it had rejected a tie-up approach from domestic rival Carrefour, although Carrefour denied making any overtures. It added: "The board of directors also acknowledged the barriers, in France and in Brazil, to a combination with Carrefour,...

  • PARIS, Sept 24- French supermarket retailer Casino, whose shares have hit by concerns over its debts, said it had rejected an approach from domestic rival Carrefour- something that Carrefour itself denied. "The board of directors also acknowledged the barriers, in France and in Brazil, to a combination with Carrefour, especially in terms of competition and...

  • MUMBAI, Sept 20- Amazon and Indian private equity firm Samara Capital are making a joint investment that will give the online retail giant a stake in Indian supermarket chain More, the U.S. company said on Thursday. Witzig is in the process of acquiring Aditya Birla Retail, which runs over 540 More stores across India, according to a stock exchange filing.