Food & Beverage Food and Staples Retailing

  • PARIS, April 18- Four decades after R2-D2 delivered a vital message from Princess Leia in the hit movie "Star Wars", a French supermarket group plans to use robots inspired by the drum-shaped droid to transport food to customers in Paris. Stepping up the race for automated deliveries with online retailers such as Amazon, Casino's Franprix chain will test the...

  • JOHANNESBURG, April 17- South African pharmacy and healthcare retailer Clicks Group reported a 13.2 percent increase in half-year earnings on Wednesday, driven by strong sales of beauty and health products. The retailer, which competes with Dis-Chem, said diluted headline earnings per share for the six months ended February rose to 300.1 cents from 265.2...

  • WASHINGTON, April 5- A U.S. federal judge reviewing an agreement between the government and CVS Health Corp allowing the pharmacy chain to buy health insurer Aetna indicated on Friday that he wanted to hold a hearing in May to hear from critics of the $69 billion deal. Judge Richard Leon of the U.S. District Court for the District of Columbia said in a court hearing...

  • *Analysts' forecast core profit of 2.08 bln stg. LONDON, April 5- Tesco, Britain's biggest retailer, is expected to report on Wednesday a 27 percent jump in full-year profit, putting it firmly on track to meet the medium-term targets Chief Executive Dave Lewis set out in 2016, despite the cloud of Brexit. Tesco has a leading 27.4 percent share of Britain's grocery...

  • April 5- Britain's sixth largest supermarket operator Co-operative Group was the latest chain on Friday to say it had stopped selling single kitchen knives in response to a wave of fatal stabbings. Chief Executive Officer Steve Murrells told reporters on a call after the company's annual results that it put a halt to the sale of knives about three weeks ago.

  • *Lenta's GDRs up 1.4 pct in London to $3.59. MOSCOW, April 5- Russian grocery chain Magnit has made a $1.78 billion bid approach to smaller competitor Lenta, topping a rival offer from Russian steel magnate Alexey Mordashov. Lenta's London- listed GDRs were up 1.4 percent at $3.59 in early trading.

  • PARIS, April 4- Shares in French supermarket retailer Casino fell sharply for the second day in a row on Thursday, after suffering another downgrade from analysts over concerns about its cash flow. Casino's shares were down by 5 percent by 0710 GMT, after Morgan Stanley cut its rating on the stock to "underweight" from "equal weight," citing potential hits to its cash...

  • PARIS, April 3- Shares in French supermarket retailer Casino, which is battling to tackle concerns over its debts, fell on Wednesday after credit rating agency Moody's cut its ratings on Casino, citing concerns over weak cash flow generation. "The free cash flows generated by Casino's French operations fell well below Moody's previous expectations, limiting...

  • PARIS, April 3- Shares in French supermarket retailer Casino, which is battling to tackle concerns over its debts, fell on Wednesday after credit rating agency Moody's cut its ratings on Casino. Casino shares were down 1.2 percent in early session trading. "The free cash flows generated by Casino's French operations fell well below Moody's previous...

  • EPS $1.64 vs est of $1.72. Drug retailers like Walgreens and CVS Health have been saddled with reimbursement pressure as their pharmacies receive less for filing prescriptions coupled with a steep decline in generic drug prices for several years. "The market challenges and macro trends we have been discussing for some time accelerated, resulting in the most...

  • *World trade growth expected to slow in 2019- WTO. April 2- U.S. stocks pulled back on Tuesday after a three-day surge, as a profit warning from drugstore chain Walgreens Boots hit the pharma sector, while investors looked for more signs of strength in the economy in the wake of growth worries. A surprise rebound in China's manufacturing data and...

  • April 2- Walgreens Boots Alliance Inc on Tuesday cut its 2019 profit growth forecast and reported quarterly profit that missed Wall Street estimates as the drugstore chain struggles with falling prices of generic alternatives to branded drugs, sending its shares down nearly 7 percent. Net income attributable to Walgreens fell 14 percent to $1.16 billion, or...

  • *Robotic warehouses to be built in Sydney, Melbourne. LONDON, March 26- British online supermarket pioneer Ocado has signed a partnership agreement with Australia's Coles, its fifth major overseas deal in less than 18 months as food retailers around the globe respond to online competition. The Coles deal will see two robotic distribution centers or customer...

  • LONDON, March 19- British online supermarket Ocado said on Tuesday retail revenue growth slowed in its latest quarter, hit by last month's huge fire at its flagship robotic distribution center. The firm, which last month announced a joint venture with Marks and Spencer, said its retail revenue increased 11.2 percent to 404 million pounds in the 13 weeks to March 3,...

  • March 14- Dollar General Corp reported better-than-expected same-store sales on Thursday, as its customers spent more on groceries at the discount retailer's stores, benefiting from an earlier-than-usual issue of food stamps. Net sales rose to $6.65 billion from $6.13 billion. The company also raised its quarterly dividend by 10 percent and increased its...

  • LONDON, March 12- Irish shares outperformed the rest of the euro zone on Tuesday after Britain and the European Union agreed tweaks to Britain's withdrawal agreement that eased some fears of no-deal Brexit on March 29. Britain's FTSE 100 fell 0.1 percent as a surge in sterling after British Prime Minister Theresa May won last-minute assurances from the...

  • PARIS, March 8- French supermarket group Auchan's 2018 profits suffered a blow from the country's anti-government "Yellow Vests" protests, costing the retailer 140 million euros in lost revenue. A tough market hit its results in Italy too and in Asia where its Sun Art Retail subsidiary faces online competition. Revenue in France alone fell 1.3 percent, with the "...

  • Kroger pleased with Q4 results despite negative market reaction

    CNBC's Sara Eisen reports on her conversation with Kroger CFO Michael Schlotman about the company's weak Q4 earnings.

  • LONDON, March 5- Sainsbury's was the worst performer of Britain's big four supermarket groups in the latest 12- week period, continuing a long run of underperformance, industry data showed on Tuesday. Market researcher Kantar Worldpanel said sales at Sainsbury's- Britain's No. 2 grocer that is trying to buy No. 3 Asda- fell 1.0 percent in the 12 weeks to Feb. 24.

  • LONDON, March 5- Sainsbury's was the worst performer of Britain's big four supermarket groups in the latest 12- week period, continuing a long run of underperformance, industry data showed on Tuesday. Market researcher Kantar Worldpanel said sales at Sainsbury's- Britain's No. 2 grocer that is trying to buy No. 3 Asda- fell 1.0 percent in the 12 weeks to Feb. 24.