United Kingdom

Nivedita Balu

U.S. retailers' halting outlook reveals scale of tariff fear

13 Jun 2019

The first half of 2019 was expected to be a boon for U.S. retailers, buoyed by solid consumer sentiment at home and expansion in China - the market many of them have targeted for the future.

Nike 'very concerned' about rape accusation against Brazilian soccer star Neymar

07 Jun 2019

(Corrects name of Neymar's lawyer in paragraph six to Maira Fernandes)

Beyond Meat sees sales more than doubling in 2019, shares jump 21%

07 Jun 2019

Beyond Meat Inc, a maker of plant-based burgers and sausages, said it expects to more than double its revenue and report breakeven EBITDA this year, sending the its shares up over 21 percent.

Costco looking at alternative sourcing, price hikes as tariffs loom

31 May 2019

Costco Wholesale Corp on Thursday reported quarterly profit and revenue that beat Wall Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries and possible price increases.

PVH cuts profit forecast as CEO sees retail softness, shares tank

30 May 2019

PVH Corp cut its annual profit forecast by 10 cents a share on Wednesday as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth, exacerbated by weak spending from overseas shoppers in the face of a strong U.S. dollar, sending its shares down 12% after hours.

Investors keep food firms on warning over antibiotics

20 May 2019

LONDON An investor group managing some $5 trillion said it was pleased with the steps taken by fast-food companies to cut the use of antibiotics in their products and will continue to monitor firms as its three-year-long engagement comes to an end.

RPT-UPDATE 2-Dunkin's drip coffees, hand-crafted espressos lift sales above expectations

02 May 2019

May 2 Dunkin' Brands Group Inc reported better-than-expected quarterly same-store sales at its donut stores, as more customers bought its new handcrafted espresso beverages, drip coffees and cold brews, sending its shares up 5 percent.

Yum beats expectations on KFC growth, Taco Bell weighs

01 May 2019

Yum Brands Inc reported quarterly earnings and same-store sales above Wall Street estimates on Wednesday, as KFC recorded its best growth in three years, but weaker-than-expected growth at Taco Bell weighed on the company's shares.

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