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Reuters - 3 weeks ago

Delhaize To Turn 128 Belgian Supermarkets Into Independent Affiliated Stores

BRIEF-Delhaize To Turn 128 Belgian Supermarkets Into Independent Affiliated Stores March 7 (Reuters) - Koninklijke Ahold Delhaize NV AD.AS : ANNOUNCES INTENTION TO TRANSFORM ALL 128 INTEGRATED BELGIAN SUPERMARKETS INTO INDEPENDENT AFFILIATED STORES Source text: https://bit.ly/41PUGDu Further company coverage: AD.AS (Gdansk Newsroom)

Reuters - 1 month ago

Cost surge leaves grocers crying in the aisles

BREAKINGVIEWS-Cost surge leaves grocers crying in the aisles The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Feb 16 (Reuters Breakingviews) - Grocers are on the losing side of rising inflation. Over the past two weeks, consumer goods giants like Coca-Cola KO.N , Unilever ULVR.L and Nestlé NESN.S have vowed to respond to higher costs by continuing to raise prices.

Reuters - 1 month ago

Paris blue chips near record high

LIVE MARKETS-Paris blue chips near record high STOXX 600 up 0.1% CAC nears record high Barclays slides on profit slump Carrefour, Ahold Delhaize jump Wall Street futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com PARIS BLUE CHIPS NEAR RECORD HIGH (1300 GMT) The CAC index is a short walk from its all-time high as investors look through weak Q4 sales for Gucci owner Keri

Reuters - 1 month ago

Europe's green spending: a long-term benefit for stocks

LIVE MARKETS-Europe's green spending: a long-term benefit for stocks STOXX 600 up 0.1% Barclays slides on profit slump Carrefour, Ahold Delhaize jump Wall Street futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE'S GREEN SPENDING: A LONG-TERM BENEFIT FOR STOCKS (1119 GMT) The Biden Administration's Inflation Reduction Act rattled Europe .

Reuters - 1 month ago

Why the strong euro will be even stronger

LIVE MARKETS-Why the strong euro will be even stronger Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com WHY THE STRONG EURO WILL BE EVEN STRONGER (1028 GMT) The single currency has enjoyed quite a rally versus the U.S. dollar since late last year, even though it's dipped below early February's 10-month highs.

Reuters - 1 month ago

France's blue-chip index powers gains in European shares

UPDATE 2-France's blue-chip index powers gains in European shares For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 ends up 0.4% France's CAC comes close to all-time high Louis Vuitton picks Pharrell Williams to head menswear designs Retail group Ahold beats Q4 profit expectations Barclays tumbles as profit slides Updates to market close By Shreyashi Sanyal and Amruta Khandekar Feb 15 (Reuters) - European shares ended higher on W

Reuters - 1 month ago

Barclays slides, supermarkets shine

LIVE MARKETS-Barclays slides, supermarkets shine Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com BARCLAYS SLIDES, SUPERMARKETS SHINE (0904 GMT) European shares are mixed with outperformance seen in France and weakness in Britain's FTSE 100 following a slew of earnings reports from large-cap companies.

Reuters - 1 month ago

Retail group Ahold beats expectations thanks to buoyant U.S. sales

UPDATE 2-Retail group Ahold beats expectations thanks to buoyant U.S. sales Adds quotes from CFO, shares up nearly 6% AMSTERDAM, Feb 15 (Reuters) - Supermarket group Ahold Delhaize AD.AS on Wednesday reported a forecast-beating 22% jump in fourth-quarter core earnings helped by strength in U.S. markets and cost savings. Finance chief Natalie Knight said in an interview that lower-than-expected energy costs in Europe had also helped lift the bottom line.

Reuters - 1 month ago

Ahold Delhaize Expects To Deliver Consistent Results In 2023

BRIEF-Ahold Delhaize Expects To Deliver Consistent Results In 2023 Feb 15 (Reuters) - Koninklijke Ahold Delhaize NV AD.AS : AHOLD DELHAIZE DELIVERS INCREASED COST SAVINGS, SUPPORTING STRONG Q4 FINANCIAL RESULTS; 2023 OUTLOOK REINFORCES COMMITMENT TO LEADING TOGETHER AMBITIONS 2023 OUTLOOK: UNDERLYING OPERATING MARGIN OF ≥4.0%; UNDERLYING EPS TO BE AROUND 2022 LEVELS; FREE CASH FLOW OF APPROXIMATELY EUR 2.0 BILLION; NET CAPITAL EXPENDITURES OF APPROXIMATELY EUR 2.5 BILLION 2022 FREE CASH FLOW W

Reuters - 1 month ago

Retail major Ahold beats analyst forecasts on buoyant US sales

Retail major Ahold beats analyst forecasts on buoyant US sales AMSTERDAM, Feb 15 (Reuters) - Supermarket major Ahold Delhaize AD.AS on Wednesday reported a 22% increase in core earnings in the fourth quarter, ahead of market forecasts, on continued strength in key U.S. markets. The company said in a statement that underlying operating income in the latest reporting period had came in at 1.03 billion euros ($1.10 billion), ahead of a company compiled consensus of 890 million euros.

Reuters - 1 month ago

French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Feb 15 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. KERING PRTP.PA Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenues at its biggest brand Gucci as COVID-19 disruptions in China hit its business hard.

Reuters - 1 month ago

Kroger and Albertsons zero in on store divestitures amid deal review -sources

Kroger and Albertsons zero in on store divestitures amid deal review -sources By Anirban Sen and Abigail Summerville Feb 10 (Reuters) - Supermarket operators Kroger Co KR.N and Albertsons Companies Inc ACI.N are advancing plans to sell between 250 and 300 stores they hope will alleviate U.S. antitrust concerns over their combination, according to people familiar with the matter.

Reuters - 2 months ago

Unilever turns to former Heinz exec to steer new course

NEWSMAKER-Unilever turns to former Heinz exec to steer new course Adds comment from analyst and former Heinz executive Art Winkleblack By Richa Naidu LONDON, Jan 31 (Reuters) - Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and sticking them out.

Reuters - 2 months ago

Unilever turns to former Heinz exec to steer new course

RPT-NEWSMAKER-Unilever turns to former Heinz exec to steer new course Repeats JAN. 30 story. No change to text. By Richa Naidu LONDON, Jan 31 (Reuters) - Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and sticking them out. "Every year, I'd bring nine of our most promising executives to Florida - just me and them, not their bosses.

Reuters - 2 months ago

Unilever turns to former Heinz exec to steer new course

NEWSMAKER-Unilever turns to former Heinz exec to steer new course By Richa Naidu LONDON, Jan 30 (Reuters) - Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and sticking them out. "Every year, I'd bring nine of our most promising executives to Florida - just me and them, not their bosses.

Reuters - 2 months ago

Unilever names former Heinz exec Schumacher as CEO

UPDATE 6-Unilever names former Heinz exec Schumacher as CEO To become CEO July 1 Activist shareholder says met Schumacher when at Heinz First outsider CEO since Paul Polman appointed in 2008 Unilever shares outpace FTSE 100 Adds comment from businessman Leighton, graphic, updates shares By Richa Naidu LONDON, Jan 30 (Reuters) - Unilever ULVR.L on Monday appointed Hein Schumacher to replace Alan Jope as chief executive from July in a move that was welcomed by investors including board member and

Reuters - 2 months ago

Dutch supermarket sales up 3% in 2022, private labels gained ground -NielsenIQ

Dutch supermarket sales up 3% in 2022, private labels gained ground -NielsenIQ AMSTERDAM, Jan 18 (Reuters) - Sales at Dutch supermarkets rose 3% to 46.3 billion euros ($49.9 billion) in 2022, data published by market intelligence firm NielsenIQ showed on Wednesday, as price increases more than offset volume declines. In its annual report on the Dutch market, Nielsen said private labels' share of sales rose by 1.8 percentage points to 43.8%, as shoppers traded down from name brands.

Reuters - 4 months ago

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds SAP and Kone, updates Philips Jan 31 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts: AIRLINES, AUTOS, TRAVEL * AIR FRANCE AIRF.PA : France's flagship carrier was in talks to shed nearly 300 ground-staff positions through voluntary redundancies, newspaper Le Figaro reported in June.

Reuters - 4 months ago

World making little progress on food waste, a big climate problem

By Leah Douglas and Nichola Groom Nov 15 (Reuters) - Every Thursday, California resident Richard Redmond takes a gallon-sized container of food scraps to the farmers market in the city of South Pasadena where it is collected and composted for use in gardens – an effort to reduce the amount of household waste he sends to landfill. "It's just stunning," the web designer, who is in his 60s, said.

Reuters - 7 months ago

Private label ousting big brands as cost of living crisis grows

By Richa Naidu LONDON, Aug 24 (Reuters) - Tomasz Łuksza, who took over his father's Polish confectionary business just over a decade ago, has a problem he's not unhappy about: European supermarkets want more gummy bears and chocolate-covered marshmallows than he can make. "We're seeing at least two times the demand of last year and we can't take all the orders," said Łuksza, managing director and owner of 3 Topole, which supplies the private label brands of French retail giant Carrefour CARR.P

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