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Headlines > Financial

Ahold facing crisis of confidence

Ahold's troubles seem unlikely to ease with the appointment of a new management team. The beleaguered retailer, struggling after the discovery of widespread accounting fraud,...

Fischler boosts the troops before WTO

"We want to make the Doha Development Agenda a success." For Agriculture European Commissioner Franz Fischler this is Europe's number one objective for the upcoming...

No sell off for US Foodservice

US Foodservice, the unit at the centre of the accounting fraud which has severely tarnished the reputation of Dutch retailer Ahold will not be sold...

Albert Heijn cuts jobs to compete

Albert Heijn, the flagship Dutch supermarket chain of the embattled Ahold group, is to axe around 440 jobs in a bid to cut costs and...

Casino growth back on track

Like its larger compatriot Carrefour, French retail group Casino has reported a significant lessening of the adverse currency effect in its latest set of results,...

Kwik Save weighs heavily on Somerfield results

A disappointing performance from the Kwik Save discount store unit meant that first quarter sales growth at the UK's Somerfield chain was lower than expected,...

Delhaize extends US business

The US-based operations of Belgian retailer Delhaize have been one of the principal causes of the company's poor financial performance in recent months, but this...

M&S to reward loyal customers

Loyalty cards are now widespread in the UK, with most of the major food and non-food retailers offering a range of rewards to loyal shoppers....

Tune in, check out

The European Union might be a single market when it comes to the transfer of goods and services, but there are still huge differences in...

EU slams Australian trade attitude

In the run up to the WTO trade talks next week in Mexico, the European Union has called on the WTO to rule on the...

Laurus on the road to recovery

Moves by Dutch grocery retailer Laurus to lift itself back into the black appear to be working, with a leap back into profit in the...

Morrisons hoping to get Safeway on the cheap?

Wm Morrison , the supermarket group which is widely believed to be the leading candidate to acquire the UK's Safeway chain, may offer less for the...

German recession does little to boost Spar interims

Sluggish consumer demand in the German market coupled with its own ongoing restructuring programme pushed the Spar retail group into the red in the first...

Carrefour grows despite currency impact

First half sales at leading European food retailer Carrefour were ahead of the same period a year earlier, even after the negative impact of currency...

Supermarkets blamed for Spanish store wars

Small store operators in Spain have seen their share of everyday household good sales - including food and drink - drop by 50 per cent...

Trade 'distortion': impact on developing economies

Balancing liberalisation with a better deal for developing countries must be a priority for the World Trade Organisation as figures from a new report released...

Ahold sells US convenience unit

Ahold, the Dutch retail group, is continuing with the sale of its non-core assets as it tries to raise cash to offset the profit shortfall...

Safeway suitors warned by ratings agency

Two of the leading candidates to buy the British supermarket chain Safeway have been warned that such a deal could seriously damage their ability to...

Retailers, farmers talk about the weather

The hot weather which has affected most of western Europe during the last month has been a double-edged sword for the food industry. While many...

Metro pushes into Ukraine, India

Metro , the diversified German retail and wholesale group, has opened its first store in Ukraine, part of its concerted push into core eastern European markets....

Smaller stores to boost Polish market growth

Despite the fact that the number of retail outlets in Poland has doubled to almost 450,000 outlets over the last decade, the country is likely...

Danisco dusts off new technology

International ingredients supplier Danisco has developed a low-dust powder technology for food manufacturers aiming for an improved factory environment. Capable of reducing up to 98...

EU, US framework for WTO negotiations

With just three weeks remaining until the Cancun meetings, the EU and the US yesterday presented a joint framework to relaunch agricultural negotiations. Focusing on...

Competition commission delays Safeway decision

A last minute move by one of the potentials in the Safeway bidding race has led the UK competition body to delay its recommendations, which...

UK retailers await Safeway report

The UK retailing industry is bracing itself for perhaps the biggest event of the year, as it awaits the results of the Competition Commission's report...