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Breaking News
Available on the site or via text message stay up to date with breaking news in the business world. Who has bought who, who has issued the latest profit warning or bumper profits.
UK: Hear what the future holds for Waitrose
Waitrose has announced that by 2015 it plans to have six times the number of outlets selling Waitrose products, driven by its store development programme and an expansion of its ranges sold in other stores.
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FRANCE: Danone Sells Off Stake In Chinese Juice Firm
Danone has announced the sale of its 22.98% stake in China Huiyuan Juice Group, the Asian countryÂ’s largest juice maker, to venture-capital fund SAIF Partners in a deal worth E200m.
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UK: Record Year For Nisa-TodayÂ’s
Nisa-Today’s has announced record turnover of £1.42bn for the year ending 28 March 2010 – an increase of 11.9% on the previous year.
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FRANCE: Casino Tops Forecasts With H1 Results (Subscribers Only Content)
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UK: P&G To Sponsor London 2012 Olympics
Procter & Gamble (P&G) will be among the global brands backing the London 2012 Olympics under a new deal with the International Olympic Committee (IOC).
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BALTICS: Maxima Continues To Report Sales Fall
Maxima, the largest retailer in the Baltic countries, continues to be impacted badly by the recession and recorded a double-digit drop in sales for the first half of its fiscal year.
For the six months, sales at Maxima (including Bulgaria) fell by 11% year-on-year to 16bn kroons (Em).
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INDIA: Bharti Walmart Says Struggling With Supply Chain Problems
The Bharti Walmart joint venture has said it expects problems in IndiaÂ’s supply chain to be the biggest impediment towards its expansions plans in the country.
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UK: SainsburyÂ’s To Install 24/7 Automated Pharmacy Kiosks
Asteres Inc., a US-based maker of automated pharmacy and retail kiosks, has announced a deal to install its Express prescription kiosks at SainsburyÂ’s stores, for the deposit and collection of patient prescriptions.
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AUSTRALIA: Coca-Cola Amatil Says Still Interested In FosterÂ’s Assets (Subscribers Only Content)
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INDIA: PepsiCo Revamps Local Executive Team (Subscribers Only Content)
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JAPAN: Japan Tobacco Q1 Profit Slumps On Low Domestic Demand
Japan Tobacco, the worldÂ’s third-largest publicly listed cigarette maker, has seen its first-half profit nearly halve, hurt by weak domestic sales dropped and a stronger yen.
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US: Nelson Peltz Turns Attention To Family Dollar (Subscribers Only Content)
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UK: Compass Boosted By New Business Wins
Compass, the worldÂ’s biggest caterer, said revenue growth accelerated in its third quarter, boosted by new business wins and a better retention of existing business.
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US: CaseyÂ’s Rejects New Couche-Tard Bid
The management of Casey's General Stores has rejected the latest bid by Couche-Tard, and has instead announced a recapitalization plan which it says will help boost shareholder value.
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US: Majority Of Consumers Research Purchases Online First (Subscribers Only Content)
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UK: Sales Up At Holland & Barrett And Julian Graves (Subscribers Only Content)
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MEXICO: Soriana, Chedraui Report Contrasting Q2 Profit Figures
Supermarket giants Soriana and Chedraui have reported contrasting profit results for their fiscal second quarters, although both reported growth in sales for the period.
Soriana, the countryÂ’s second-largest retailer, saw net profit fall by 19% to 716.6m pesos ($55m), as sales costs rose and the peso fell against the dollar.
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US: CVS Has Weak Q2, Announces New Contract With Aetna
CVS Caremark has reported a drop in second-quarter profit, hurt by the loss of contracts and higher costs, but cheered investors with the announcement of a major new contract with insurer Aetna.
For the three months, net profit was down 7% to $821m, as it incurred higher costs and demand remained weak.
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UK: AG Barr Seeing Strong Sales Growth
Soft drinks group AG Barr said today that it expected full-year trading to be ahead of its expectations on sales growth across all the core brands.
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UK: Travis Perkins Starts Paying Dividends Again After Strong Rise In Profits
BuildersÂ’ merchant and DIY retailer Travis Perkins has beaten forecasts with a 24% rise in first half profit and said it was recommencing paying dividends after a two year gap.
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UK: Rachels Organic Sold To Groupe Lactalis (Subscribers Only Content)
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UK: Sales Down At Finsbury Food As Shoppers Trade Down (Subscribers Only Content)
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IRELAND: Dunnes Stores Looks To Next Generation In Face Of Big Challenges
Ireland's largest family-owned retail group was the focus of intense speculation last year with repeated rumours it was about to be acquired by Asda, which is owned by US giant Wal-Mart.
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GERMANY: Aldi Co-founder Dies
Theo Albrecht, the billionaire co-founder of discount supermarket empire Aldi, last seen in public after his release from kidnap nearly 40 years ago, has died aged 88, the company confirmed today.
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EUROPE: Thai Union To Buy MW Brands In E680m Deal
Thai Union Frozen Products has announced that it has agreed to buy tuna canning firm MW Brands for E680m, beating off competition from private equity firms Blackstone and Permira, as well as rival tuna maker Bolton Group.
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