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Tyson Foods faces claims on price fixing

Bloomberg Supervalu Inc. and other supermarket and restaurant chains alleged that chicken producers conspired to limit supplies and inflate prices, adding to antitrust lawsuits against companies including Tyson Foods Inc. and Pilgrim’s Pride Corp. Closely held grocery chains Publix Super Markets Inc., Wakfern Food Corp., Associated Grocers of the South Inc. and Meijer Inc., along with OSI Restaurant Partners LLC, ...

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Sainsbury shows need for Asda deal as grocery growth slows

Bloomberg J Sainsbury Plc showed why it’s so eager to lead a consolidation push among the UK’s grocers. Excluding fuel, Sainsbury’s comparable retail sales rose 0.2 percent in the 16 weeks through June 30, the London-based company said. That met the average analyst estimate but marked the slowest growth since the company acquired catalog retailer Argos in 2016. “The slowdown ...

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UAE economy to pick up pace over next two years

DUBAI / Emirates Business The UAE GDP is expected to accelerate to 2.6% growth in 2018 and to around 3.8% in 2019. The growth will be primarily driven by recovering oil prices, an expansionary fiscal stance at the federal and emirate levels, a buoyant trade and tourism environment and a pick-up in investment ahead of Expo 2020 in Dubai, according ...

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