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Starbucks Pulls Annual Forecasts Amid Turnaround Under New CEO

Starbucks Corp has suspended its annual forecasts as new CEO Brian Niccol looks to turn around the coffee giant struggling to stem waning customer demand.

Virgin Wines UK Reports Positive Performance In FY 2024

Online wine retailer Virgin Wines UK has reported a positive full-year performance for its financial year 2024 with adjusted EBITDA up 59%, to £2.8 m...

Esselunga Group Reports Higher Revenue, Lower Profit In First Half

Italian grocery retailer Esselunga has released its half-year report, reflecting increased revenue and lower margins.

Walgreens To Shut 1,200 Stores As CEO Wentworth Seeks Turnaround

Walgreens Boots Alliance said on it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmac...

Südzucker Posts Q2 Profit Slump, Cuts FY Outlook On Weak Sugar Market

Europe's largest sugar producer Südzucker has reported a 63% fall in quarterly operating profit and cut its full-year earnings forecast...

Tereos Warns Of Weaker Results As EU Sugar Prices Plummet

A bigger-than-expected fall in European sugar prices in recent months will weigh on the results of Tereos in the second half.

PepsiCo Posts Surprise Drop In Quarterly Revenue, Cuts Sales Forecast

PepsiCo posted a surprise drop in third-quarter revenue and cut its forecast for annual sales growth, as cautious consumer spending in North America w...