US

Portuguese Chocolate Brand Expands US Distribution

Portuguese confectionery firm Casa Grande has signed an agreement with Amazon that will see the distribution of its chocolates across the Whole Foods super...

Amazon's Share Of CPG E-Commerce Falls As Rivals Make Gains: Nielsen

New data from Nielsen has found that Amazon's share of the overall CPG e-commerce market has fallen as rival operators make gains, however, the Seattle-bas...

Walmart Raises Earnings Forecast For Year After Jump In Q2 Sales

US retailer Walmart Inc reported an estimate-beating jump in second-quarter US comparable sales on Thursday as shoppers boosted purchases at its stores and...

Shipping Giant Maersk Warns Trade War Could Hurt Container Business

A.P. Moller-Maersk beat second-quarter profit expectations to send the shipping group's shares up almost 7% in early trade on Thursday but warned a trade w...

GSK Names New President Of US Pharmaceuticals Business

GlaxoSmithKline has announced the appointment of Maya Martinez-Davis as the new president of its US pharmaceuticals business. She will join the company...

Meal-Kit Delivery Firm HelloFresh Moves Into Black On Strong Sales

German meal-kit company HelloFresh SE reported its first quarterly underlying operating profit since it listed in 2017, citing robust performance in both i...

Kraft Heinz Books More Than $1bn In Charges, First-Half Profit Slumps

Kraft Heinz Co's net income halved in the first six months of the year, the packaged food maker said on Thursday as it wrote down the value of several busi...

Chinese Soybean Buyers Shy Away From Brazilian Cargoes As Prices Jump: Traders

A jump in prices for Brazilian soybeans is putting off buyers in China, two traders said, even as the rise was driven by expected demand from the world's N...