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...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....
...Brewer sought to expand into healthcare services, which are more lucrative. Walgreens acquired urgent-care provider Summit Health-City MD and post-acute home-care provider CareCentrix....
...George Hill, healthcare services analyst at Deutsche Bank, said the US had too many undifferentiated drug stores....
...Boots has agreed to transfer £4.8bn of pension obligations to insurer Legal & General in a deal that paves the way for a potential sale of the UK’s largest pharmacy chain by owner Walgreens Boots Alliance...
...Still, though, the bank’s new credit rating, two notches below investment-grade, includes the likes of AT&T and Walgreens. It isn’t yet obvious this is a bank failure waiting to happen. Disagree?...
...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....
...“Chicago has a tight business community, so it’s certainly disappointing that they all left,” Roger Hochschild, chief executive of suburban Chicago-based Discover Financial Services, told the Financial Times...
...Here’s what else I will be keeping tabs on today: Earnings: Pharmacy group Walgreens Boots and consumer packaged food company ConAgra Brands report results....
...purchasing managers’ index (PMI) for manufacturing and services....
...News of the deal comes months after Walgreens was forced to abandon its planned sale of the Boots pharmacy chain in the UK after struggling to draw interest from buyers, a move it blamed on market conditions...
...Company results: US carrier Delta Air Lines, pharmacy chain Walgreens Boots Alliance, and fast-food chain Domino’s Pizza all report their latest quarterly earnings before the opening bell....
...It is also expanding its primary healthcare group Village MD and opening more health corners in Walgreens stores, which offer patient screening services....
...Same-store retail sales at Boots grew 8.7 per cent in the three months to November 30, though pharmacy sales were lower as demand for Covid-19 services eased....
...Walgreens had hoped to use proceeds from the sale of its struggling Boots chain in the UK to fund its push into healthcare services....
...Results: Pharmacy chain Walgreens Boots Alliance reports earnings. Investor Day: Delta Air Lines holds an event for investors and is expected to detail its medium and long-term business strategy....
...That was despite pharmacy sales falling almost 7 per cent as demand slipped for Covid-19 services such as vaccines....
...Nottingham-based Boots makes about two-fifths of its annual sales by dispensing prescriptions and vaccines on behalf of Britain’s state-run health service, a defensive but low-growth activity....
...Pharmacy chain Walgreens Boots Alliance and Domino’s Pizza will also report earnings....
...Walgreens Boots Alliance said this week that a review launched in January had concluded the US group should retain ownership of the UK pharmacy and beauty retailer for now....
...This week, it emerged that Amazon plans to bid against pharmacy chain CVS for Signify Health, a $6bn home health services provider in a September auction....
...to the country’s state-run health service....
...Company earnings Investors are expecting an update on the plans for growth and diversification at pharmacy chain Walgreens Boots Alliance’s when it releases its latest earnings before the market opens....
...the apex of the buyout bubble in 2007, KKR ultimately salvaged the deal by selling the pharmacy to US competitor Walgreens....
...Nottingham-based Boots still generates about 45 per cent of its roughly £6bn in annual revenues from providing services such as prescriptions and vaccinations to the UK’s state-run health service....
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