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...The company reported that second-quarter revenue increased 6.3 per cent to $37.1bn, beating analysts’ expectations of about $35.9bn despite softer cold and flu trends....
...Pharmacy group Walgreens Boots Alliance cut its dividend but reported better than expected quarterly profits, as the company deals with falling sales of Covid-19 vaccines and tests....
...Pharmacy group Walgreens Boots Alliance has appointed a former Cigna executive as its new chief executive, after the group’s former CEO abruptly stepped down last month....
...Walgreens Boots Alliance is an ailing company in desperate need of a new prescription for growth....
...Walgreens Boots and Brewer mutually agreed for her to step down as CEO and member of the board where she has served since 2010, the company said on Friday....
...Walgreens cited “organised retail crime” as it shut some San Francisco locations, and other chains adopted similar justifications....
...The push into prescriptions and drug delivery is unusual for a pharmaceutical manufacturer, pitting Eli Lilly against US pharmacy chains such as CVS and Walgreens. Read more here...
...Despite stronger growth in its sales, Boots is shutting 300 UK stores, the latest of a series of closures, while Walgreens is closing 150 US outlets....
...The UK pharmaceutical retailer’s transfer of £4.8bn of pension obligations to insurer Legal & General brings its potential sale by owner Walgreens Boots Alliance one step closer....
...Shares moves to note on the New York Stock Exchange include home fitness equipment company Peloton, frozen food maker Lamb Weston and pharmacy business Walgreens Boots: Shares of Peloton rose 8.5 per cent...
...Union organisers at companies including Starbucks and Amazon have so far struggled to secure new contracts....
...Walgreens Boots Alliance needs new ideas for growth. After cutting full-year earnings guidance, Lex thinks the US drugstore operator may revive plans to sell UK business Boots....
...The company said the decision was partly driven by huge demand for weight-loss drugs....
...Boots will close 300 stores in the UK and a further 150 Walgreens branches in the US over the next year as parent company Walgreens Boots Alliance seeks to “optimise” locations....
...Rosalind Brewer, Walgreens’ former chief executive, at the time signalled that the company would consider other deal options....
...“This will be the first time in three years that input prices have been stable,” the company said on Thursday....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week. Monday Greece: Independence Day....
...ConAgra Brands: Earnings and sales at the consumer packaged foods company are projected to have declined to 68 cents a share on revenue of $3.2bn in the September-November period....
...Share moves to note on the New York Stock Exchange include Walgreens Boots Alliance, Domino’s Pizza, and Hormel Foods: Walgreens was up almost 6 per cent, after the company announced its plans to cut $1bn...
...Demand for pension deals of this sort is booming as companies look to rid themselves of legacy pension schemes....
...Share moves to note on the New York Stock Exchange on Friday include Nike, Blue Apron, Vail Resorts and Walgreens Boots: Nike jumped 6.5 per cent on Friday after the athletic apparel and footwear company...
...Or this, from the related exhibits to the latest 10-K annual report produced by Walgreens Boots Alliance: Other Termination of Service....
...This comes as China seeks a more integrated regional market in response to European and US companies’ de-risking of supply chains and denying China access to chipmaking technologies....
...Results: Arbuthnot Banking Group, Capricorn Energy, JD Sports and Walgreens Boots Alliance report. Five more top stories 1....
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