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News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
Walgreens Boots Alliance warns of retail challenges in US
...Pharmacy group Walgreens Boots Alliance warned of a “challenging retail environment” in the US as it said that earnings for the year would not hit the top of the previously flagged range....
March 28, 2024
News updates from January 4: US air strike kills Iran-backed militia commander, German inflation rises to 3.8%
Walgreens Boots Alliance slashes dividend by 48%
...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....
January 4, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
News updates from October 11: Fed minutes show ‘two-sided’ risks, ExxonMobil agrees to $60bn deal Pioneer deal
Walgreens Boots Alliance appoints former Cigna exec as CEO
...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....
October 11, 2023
LexWalgreen Co
Walgreens: new CEO may decide Boots was made for hawking Premium content
...Yet a new leader may not be enough to cure all of Walgreens’ ailments. For starters, running physical drugstores is not the cash cow it once was. Walgreens operates nearly 9,000 stores in the US....
October 11, 2023
News updates from September 1: US jobs grow more than forecast, Walgreens Boots CEO steps down
Walgreens Boots chief executive Rosalind Brewer steps down
...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....
September 1, 2023
News updates from April 2: Biden speaks with Xi, Fed’s Mester raises long-term rate outlook
S&P 500 falls from record high to start second quarter on back foot
...Overall, almost three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop....
April 1, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
News updates from April 1: Israel accused of air strike on Iranian embassy; US manufacturing sector expands for first time since 2022
S&P 500 falls from record high to start second quarter on back foot
...Overall, almost three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop....
April 1, 2024
News updates from March 12: US House votes through bill to ban TikTok; Geert Wilders announces he will not be Netherlands PM
Eli Lilly teams with Amazon to dispense Zepbound and other medication
...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...
March 13, 2024
Walgreens Boots Alliance Inc
Walgreens Boots chief steps down after latest profit forecast downgrade
...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....
September 1, 2023
News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
What to watch in North America today
...Walgreens Boots Alliance: The pharmacy chain is expected to report that revenues increased about 3 per cent in the three months ending February....
March 28, 2024
News updates from January 4: US air strike kills Iran-backed militia commander, German inflation rises to 3.8%
Risers and fallers in the US
...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...
January 4, 2024
Brooke Masters
Shoplifting, self-checkout and the limits of AI
...Walgreens cited “organised retail crime” as it shut some San Francisco locations, and other chains adopted similar justifications....
April 3, 2024
LexBoots UK Ltd
Boots: one step closer to the block Premium content
...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....
November 24, 2023
LexElaine Moore
The Lex Newsletter: how many jobs is too many? Premium content
...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....
October 13, 2023
Walgreens Boots Alliance Inc
Boots and Walgreens to close 450 branches across UK and US
...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....
June 27, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
News in-depthRetail & Consumer industry
Worker unrest adds to US drugstore woes as Covid vaccine sales dwindle
...Walgreens declined to comment....
November 12, 2023
FT live news
News updates from September 1: US jobs grow more than forecast, Walgreens Boots CEO steps down
Boots UK Ltd
Boots offloads £4.8bn pension scheme to Legal & General
...By offloading the pension liabilities, Boots has removed one obstacle to Walgreens selling the business....
November 24, 2023
News updates from January 4: US air strike kills Iran-backed militia commander, German inflation rises to 3.8%
What to watch in North America today
...Walgreens Boots: The pharmacy group will report its latest quarterly earnings, which analysts expect will show a swing to profitability in the three months to November after opioid-related settlements dragged...
January 4, 2024
The Week Ahead
Courtroom politics
...Retail is a theme this week, with figures also due (in no particular order) from JD Sports, Kingfisher, Walgreens Boots Alliance, Asos and Ocado....
March 24, 2024
Eli Lilly & Co
Eli Lilly strikes drug dispensing deal with Amazon
...The push into prescriptions and drug delivery is unusual for a pharmaceutical manufacturer, pitting Eli Lilly against pharmacies such as CVS and Walgreens....
March 13, 2024
News updates from October 12: US inflation hotter than expected in September, FCA bans Staley
US risers and fallers
...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...
October 12, 2023
Next PLC
Next boss warns of stock delays as Red Sea disruption takes toll
...Walgreens Boots Alliance will cut its quarterly dividend by 48 per cent to 25 cents per share from the previous quarter to free up capital to invest in the business....
January 4, 2024
News updates from November 24: Hamas releases hostages as Israel truce begins, Netherlands’ VVD party deals blow to Geert Wilders’ government hopes
Boots offloads £4.8bn pension scheme to Legal & General
...Boots has agreed to transfer a £4.8bn pension scheme to insurer Legal & General in a deal that paves the way for a potential sale of the pharmacy chain by owner Walgreens....
November 24, 2023
News updates from September 29: BP’s top US executive to leave, Eurozone inflation falls
Risers and fallers in the US
...Walgreens Boots rose 6.6 per cent on reports the pharmacy chain operator is considering hiring former Cigna Group executive Tim Wentworth to be its new chief executive....
September 29, 2023

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