Wm Morrison Supermarkets Plc (MRW), the smallest of the U.K.’s four main grocers, said profit will plunge this year and pledged to sell £1 billion ($1.7 billion) of property, sending the shares down the most since 2008.
Belgian supermarket chain Delhaize on Thursday said it expected its profits in the first quarter of 2014 to fall as it cuts its prices and invests to expand sales in the United States.
Chinese trader COFCO Corp's move to grab control of two overseas grains operations in the space of a week threatens to limit the benefits Japan's Marubeni Corp hoped to reap in the world's largest food market.
Japan's Ministry of Agriculture bought a total of 126,814 tonnes of food quality wheat from the United States, Canada and Australia in a regular tender that closed late on Thursday.
British shares fell for a fifth straight session on Thursday, dragged down by supermarket stocks after WM Morrison cut its profit outlook, as well as by escalating tensions between Russia and the West over Ukraine.
Germany's second largest retailer, the Rewe Group, has this morning announced that CEO Alain Caparros has signed a new contract which will see him remain at the helm of the company until at least the end of 2018.
Conditional trading of Poundland shares begun this morning, and Europe's biggest single-price retailer set the price of it's Initial Public Offering (IPO) at 300p a share.
Spot basis bids for corn and soyabeans were mostly steady at processors and elevators on Tuesday around the US Midwest in quiet trade with few farmers selling grain and soya, dealers said.
International grain traders are looking at French wheat as a possible replacement for Ukrainian supplies should shipments from one of the world's top exporters get held up by political turmoil over Russia's moves in Crimea.
In the last decade, coffee consumption by Australian adults has declined slowly but steadily, from 10.5 cups to 9.2 cups per week, but cafe visitation and ownership of coffee-making machines is on the rise
Empire Co Ltd, the operator of Canadian grocery chain Sobeys, reported a steep fall in quarterly profit, hurt by higher inventory losses and higher costs due to a weaker Canadian dollar.
Russia's biggest food retailer Magnit said on Tuesday its sales increased 25.2 percent year-on-year in February, the same pace as in the previous month.
Britain's fourth-biggest grocer Wm Morrison saw its sales decline worsen over the last three months as it continued to lose market share to hard discounters Aldi and Lidl, industry data showed on Tuesday.
In quite an incendiary statement to German media, discount supermarket chain Lidl reserved some harsh words for rival Aldi's recent decision to slash the price of fresh meat and poultry.
Friend of the Sea (FOS) announced an agreement with DESAD, the Turkish association of seafood processors, for the promotion of sustainable seafood certification and responsible consumption in Turkey.
US meat officials need to share more data on mad cow disease with China before the country will allow the US to resume exporting beef into the country, according to China's vice-minister of agriculture.
