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Loblaw Companies Ltd (L.TO)

L.TO on Toronto Stock Exchange

69.33CAD
23 Jan 2018
Change (% chg)

$0.06 (+0.09%)
Prev Close
$69.27
Open
$69.35
Day's High
$69.84
Day's Low
$68.91
Volume
620,154
Avg. Vol
519,746
52-wk High
$78.87
52-wk Low
$64.65

Latest Key Developments (Source: Significant Developments)

Loblaw Says Recalling Select PC Black Label Sweet Chipotle Mustard Units
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Loblaw Companies Ltd ::LOBLAW - RECALLING SELECT PC BLACK LABEL SWEET CHIPOTLE MUSTARD UNITS DUE TO RISK THAT THEY MAY CONTAIN FOREIGN MATERIAL.  Full Article

Loblaw Companies Enters Automatic Share Purchase Plan
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Loblaw Companies Ltd ::LOBLAW COMPANIES-ENTERED AUTOMATIC SHARE PURCHASE PLAN TO FACILITATE REPURCHASES OF CO'S SHARES UNDER PREVIOUSLY ANNOUNCED NORMAL COURSE ISSUER BID.  Full Article

Competition Bureau closes investigation into allegations of abuse of dominance by Loblaw​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Competition Bureau::Competition Bureau says it is closing its investigation into allegations of "abuse of dominance" by Loblaw​.‍Competition Bureau says no conclusion of abuse of dominance in its investigation related to Loblaw.Competition Bureau says concluded no further action was warranted​ in relation to investigation.  Full Article

ALLIANCE DATA SYSTEMS' ‍PRECIMA SIGNS LONG-TERM AGREEMENT WITH LOBLAW COS LTD
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Alliance Data Systems Corp ::ALLIANCE DATA SYSTEMS CORP - ‍PRECIMA SIGNED A NEW LONG-TERM AGREEMENT WITH LOBLAW COMPANIES LIMITED​.ALLIANCE DATA - ‍PRECIMA WILL GIVE DATA TO SUPPORT MARKETING STRATEGY DEVELOPMENT, ALONG WITH A NUMBER OF OTHER SERVICES, ACROSS LOBLAW'S RETAIL NETWORK​.  Full Article

George Weston reports Q3 adjusted earnings per share of $2.14‍​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - George Weston Ltd :George Weston limited reports third quarter 2017 results(2).George Weston Ltd qtrly adjusted earnings per share $2.14‍​.George Weston Ltd qtrly ‍shr $3.25​.George Weston Ltd qtrly sales $14.65 billion versus $14.61 billion.George Weston Ltd - ‍subsequent to end of Q3, Weston Foods announced planned closure of unprofitable facility in U.S..George Weston Ltd - ‍ management expects to make capital investments of approximately $220 million in 2017​ for Weston Foods.George Weston Ltd - ‍performance of frozen business is "not expected to improve materially" in Q4 of 2017 for Weston Foods​.George Weston Ltd - Weston Foods expects closure of unprofitable facility in U.S. to be completed in Q1 of 2018​.George Weston -for 2017, sees growth in net earnings to be driven by net earnings increase at Loblaw, positive impact of increased ownership in Loblaw​.George Weston Ltd - management is "in the process of reviewing the strategy" in light of challenges at frozen foods business.Q3 earnings per share view c$2.15 -- Thomson Reuters I/B/E/S.George Weston Ltd - ‍Weston Foods expects adjusted EBITDA in Q4 of 2017 to trend in a similar fashion to Q3 of 2017 when compared to prior year​.  Full Article

Loblaw says ‍launched a fee-based subscription pilot program
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Loblaw Companies Ltd :Says ‍launched a fee-based subscription Pilot Program, PC Insiders; program availability is expected to expand in 2018​.  Full Article

Loblaw to begin Instacart home delivery of groceries - Conf Call‍​
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Loblaw Companies Ltd ::Will begin Instacart home deliveries on Dec 6 in Toronto, then Vancouver in January, expanding rapidly to new markets in 2018 - Conf Call‍​.The front of store business, the Shopper Drug Mart "continues to be a real source of strength" for the company - Conf Call‍​.  Full Article

Loblaw ‍plans to create PC optimum program
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Loblaw Companies Ltd ::Loblaw Companies Ltd ‍plans to create PC optimum program, combining Pharmaprix Optimum and PC Plus programs on February 1, 2018​.Says ‍through single card/app, members will be able to earn and redeem loyalty points across stores, e-commerce sites​.  Full Article

‍Loblaw Companies says co, George Weston confirmed they are aware of an industry-wide investigation by the competition bureau​
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Loblaw Companies Ltd :‍Loblaw Companies - co, George Weston confirmed that they are aware of an industry-wide investigation by the competition bureau​.  Full Article

Loblaw agrees to buy Canadian healthcare technology company, QHR
Monday, 22 Aug 2016 

Loblaw Companies Ltd: Loblaw enters into agreement to purchase Canadian healthcare technology company, QHR . Deal for $3.10 in cash per each QHR share . Deal for approximately $170 million in aggregate .QHR shareholders who collectively control approximately 23% of QHR, have committed to vote in favor of transaction..  Full Article

UPDATE 4-Ocado seals new international tie-up with Sobeys in Canada

* Ocado shares jump (Adds Sobeys parent's shares, analyst comment, details on e-commerce grocery offerings in Canada)