Tate & Lyle backs guidance, but sees softer EPS

Tate & Lyle PLC (TATE.LN) said Thursday that group adjusted pretax profit in constant currency for the third quarter of fiscal 2019 was ahead of the year-earlier period and backed its full-year guidance. The food ingredients company said its food-and-beverage solutions business performed well in the three months ended Dec. 31 and that adjusted operating profit in its sucralose business–which […]

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Casino to sell properties worth $562.9 million

Casino Guichard-Perrachon SA (CO.FR) said Monday that it has agreed to sell 26 hypermarkets and supermarkets worth 501 million euros ($569.2 million) to Fortress Investment Group, and that it has reached its asset-disposal target of EUR1.5 billion. Under the agreement signed with Fortress, Casino will receive about EUR392 million in the first half of the year, once the transaction is […]

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Albertsons sales boosted by fuel

Privately held grocery company Albertsons Cos. said third-quarter sales increased, driven by higher fuel sales. The food and drug retailer, which owns Safeway and other chains, said sales and other revenue rose 1.8% to $13.8 billion from $13.6 billion in the year-ago period. The increase was driven by the 1.9% increase in identical sales and higher fuel sales of $91.7 […]

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UK supermarkets post record holiday sales: Kantar

U.K. supermarkets largely fended off fears of a collapse in consumer spending over Christmas with only J Sainsbury PLC (SBRY.LN) suffering a fall in sales among larger grocers, according to figures from consultancy Kantar. Kantar said Tuesday that over the 12 weeks to Dec. 30, British supermarkets posted record sales of 29.3 billion pounds ($37.4 billion). Sales were up 1.6% […]

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Starbucks scales back its expansion ambitions

Starbucks Corp. Chief Executive Kevin Johnson is scaling down some of longtime leader Howard Schultz’s biggest initiatives as he seeks to revive sales in the chain’s core coffee shops. Mr. Johnson is curbing ambitious plans for a related brand of upscale coffee shops that were central to the company’s growth strategy just two years ago. Under Mr. Schultz’s vision, the […]

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