Hints and tips:
...Big share price moves in Europe today include French IT company Atos, UK grocery retail group Ocado and British engineering business Smiths Group: Atos: Shares in the heavily indebted French IT services...
...Grocery chain Kroger will also report earnings....
...The fund manager said Amazon chief executive Andy Jassy’s declaration that the business was going to grow its presence in the grocery retail sector ran counter to its business principles....
...The Arkansas-based group’s general merchandise sales declined modestly in the third quarter, even as demand strengthened in grocery and health and wellness categories....
...The retailer said consumers had shifted their spending away from discretionary purchases towards essentials and groceries....
...Going to the grocery store is a mortgage.” A colleague also on strike shared the same sentiment....
...Harriet Clarfelt and Colby Smith preview the release. Monetary policy: Fed governor Christopher Waller will speak about payments at the Brookings Institution, a Washington think-tank....
...In 2018, the company launched a new kind of technology called Just Walk Out that allowed customers to pick up goods and walk out of a grocery store without using a checkout....
...Instacart begins trading: Shares in the online grocery delivery service will debut at $30 a share on Nasdaq, in the latest victory for the stock exchange over its great rival the New York Stock Exchange....
...More on the Federal Reserve: US economics editor Colby Smith assesses what the Fed’s latest economic projections mean for investors and the US economy. 2....
...Shares in grocery delivery group Instacart jumped more than 10 per cent on their first day of trading, in the latest sign of investor appetite for new listings....
...That wasn’t the case for a California grocery chain, the FT’s Behind the Money podcast explains....
...Well then that means the grocery store doesn’t need to have as many clerks and so those people get laid off, and then they have to cut back on their spending....
...Speakers include Rain Newton-Smith, chief executive of the troubled business lobbying group Friday India: second phase of parliamentary elections begins US: sentencing in Florida of former British Virgin...
...Marc Filippino Colby Smith is the FT’s US economics editor. Thanks, Colby. Colby Smith Thank you....
...The grocery retailer and its parent companies are facing €4.9bn in debt repayments due by 2025, though credit rating agencies question if these can be met....
...AG Barr FY, Bellway HY, Fevertree Drinks FY, Flutter Entertainment FY, Forterra FY, GameStop Q4, John Wood Group FY, McCormick Q1, Mobico FY, Ocado Retail Q1 trading statement, Petershill Partners FY, Smiths...
...Five years ago Jean-Charles Naouri had an opportunity to sell his French grocery empire Casino before it crumbled under a mountain of debt....
...Walmart reported that a fall in prices for chicken and dairy, with declines also beginning to show in “dry” groceries, consumables and general merchandise....
...Global/Cips November services purchasing managers’ index (PMI) data France: Monthly industrial production figures South Africa: Q3 GDP figures UK: BRC-KPMG November Retail Sales Monitor, plus Kantar grocery...
...Five years since acquiring Whole Foods for $13.7bn Amazon has yet to disrupt the $1.6tn US grocery sector in the way many competitors had initially feared. 2....
...But wouldn’t this affect discretionary purchases more than toothpaste, toilet paper and groceries? There might be more switching to cheaper store brands....
...Several consumer-facing companies tell a similar story, with Smith & Wesson complaining at this month’s earnings announcement that sales had been hit by consumers opting for cheaper guns....
...Discounters Aldi and Lidl together have 17 per cent of the UK grocery market, although Tesco still dominates, with a 27 per cent slice....
...Then it made her poor again (New York Times) Christopher Grimes, Los Angeles bureau chief I loved this recent NY Mag piece on Erewhon, America’s most fashionable grocery store....
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