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• European Stocks Advance as ING Earnings Exceed Estimates

  European stocks climbed, with the Stoxx Europe 600 Index extending its highest level since June 2008, as companies from ING Groep NV to Deutsche Telekom AG posted quarterly earnings that beat estimates.

• Delhaize Gains as Profit Tops Estimates Amid U.S. Sales Recovery

  Delhaize Group SA, the owner of the Food Lion supermarkets, rose in Brussels trading after reporting earnings that beat analyst estimates as sales at U.S. stores open at least a year climbed at the fastest pace in 1 1/2 years.

• Serbia Halts Talks With Delhaize Until Probe Into C Market Ends

  Serbia halted talks with Delhaize Group SA of Belgium on the sale of the state’s 16 percent stake in local retailer C Market until investigators complete a probe into the Serbian company’s privatization.

• Delhaize Soars as Food Lion Lures Back Shoppers: Brussels Mover

  Delhaize Group SA, the owner of the U.S. Food Lion stores, rose the most in almost 3 1/2 years after price cuts lured back shoppers, driving revenue growth in more than a third of the Food Lion network.

• Delhaize Climbs as Food Lion Boost Sales Volume: Brussels Mover

  Delhaize Group SA gained as much as 10 percent in Brussels trading as the brand repositioning at Food Lion supermarkets, its biggest U.S. banner, boosted sales volumes.

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  Delhaize to Cut 5,000 Jobs as Food Lion Owner Shuts Stores in U.S., Europe

  Delhaize Group SA, the owner of Food Lion supermarkets, plans to cut about 5,000 positions and expects a 2.4 percent drop in revenue as it closes stores in the U.S. and Europe.

• Delhaize Slumps on Store Closures as Sales Miss Estimates

  Delhaize Group SA, the owner of the U.S. Food Lion supermarkets, fell the most in 16 months in Brussels trading after reporting sales that missed analysts’ estimates and saying it will close 146 unprofitable stores.

• Delhaize Cuts Dividend, Sees ‘Moderate’ Margin Pressure in U.S.

  Delhaize Group SA, the Belgian food retailer that gets 64 percent of revenue from the U.S., lowered its dividend for the first time in 10 years after saying U.S. margins will continue to shrink this year because of price cuts.

• European Stocks Rise on Retailer Rally, U.S. Housing Data

  European stocks gained the most in a week as retailers climbed on increased revenue and U.S. housing starts jumped more than forecast to a four-year high.

• Delhaize Gains as Lower Debt Eases Rating Threat: Brussels Mover

  Delhaize Group SA, the Belgian food retailer that gets 64 percent of revenue from the U.S., rose to an 11-month high in Brussels as a decline in net debt eased concern the company may lose its investment-grade credit rating.

Related Topics

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  Latin America

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