Kroger to sell convenience store business to UK petrol station operator EG Group
Kroger will use the proceeds from the sale to buy back shares and reduce debt
Company
NYSE:KR
Kroger Co is a food and drug retailer. The company operates supermarkets, multi-department stores and fulfillment centers throughout the United States. Kroger Co operates approximately 2,719 supermarkets, 2,252 pharmacies and 1,637 fuel centers across 35 states and also operates online through a digital ecosystem to offer customers an omnichannel shopping experience. The company also manufactures and processes food for sale in its supermarkets and online. It offers Pickup and Harris Teeter ExpressLane personalized, order online, pick up at the store services.
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Kroger will use the proceeds from the sale to buy back shares and reduce debt
US shares powered into the close of trade on Thursday, the last day of November, with the Dow Jones well past 24,000
The NYSE listed company saw its net income rise to US$397mln, or 44 US cents a share for the quarter, up from US$391mln, or 41 US cents a year earlier
A look at pre-market trade in New York on Thursday...
US stocks reached new records at the close as the bull run continues.
We look at what stocks were hot and which were not after hours in New York..
Hardware & electrical equipment
European indices are also on the rise in early deals; FTSE 100 is up almost 27 points
The Houston area is Kroger’s third biggest market, with 115 stores and the impact of Hurricane Harvey is expected to hit the grocer’s third quarter numbers
Second rough quarter in a row for Kroger; American outdoor Brands Corp under the gun; Dave & Buster's Entertainment nudges higher as share repurchase program is enlarged
Stocks on the run in the sector reads like a who's who of retail's big names
The Dow struggled into positive territory, but the tech-heavy Nasdaq remained in the mire
Like-for-like sales were down 0.2% from a year earlier but the company expects them to be flat over the whole year
The Dow Jones set a new record yesterday, after the Fed decided to raise interest rates
New York-based investment firm Jana Partners LLC has built up an 8.3% stake in Whole Foods, according to a regulatory filing yesterday, up from the 7.15% holding it had at the end of last month.
US stocks ended on a dull note on Thursday, with the Dow making a symbolic record high at the start of the session and then tickers edging further into the red as the day wore on
US stocks closed firmer on Wednesday after relief over the tone of the Federal Reserve’s rate meeting minutes
Kroger Co slashed its full-year profit forecast on Friday as the supermarket chain struggles with an intensifying price war with rival US grocers and low prices for staple goods
Plenty of patients felt an uncomfortable itch on Tuesday after drugmaker Mylan came under fire for sharply increasing the price of its life-saving EpiPen devices used by people to treat severe allergic reactions.
Investments and investor services
Newmont Mining, Barrick Gold, Kinross, Keryx Biopharma, Kroger ans Home Depot were in focus for brokers on Tuesday.
Canada may have become the next country to approve the sale of genetically-modified salmon fish, following a similar approval from the Food and Drug Administration, but GE faces a setback in the fisheries sector