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Tyson shares slump most in two years as inflation hits meat sales

  Bloomberg Tyson Foods Inc, the biggest US meat company, is getting hit by inflation with soaring costs and a tight labour market squeezing sales of chicken and other meat. The owner of Hillshire Farm and Ball Park hot dogs posted adjusted earnings of $1.94 a share for its third quarter, narrowly missing the $1.98 average estimate of analysts surveyed ...

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Retailers urge UK police to prioritise shoplifting as costs rise

  Bloomberg Retailers including Tesco Plc and J Sainsbury Plc are calling on British police to focus on retail crime as the cost of living weighs heavily on shoppers and leads to theft. More than 100 retailers have written a joint letter to Police and Crime Commissioners in England and Wales expressing concerns about rising levels of anti-social behaviour towards ...

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Alibaba helps Korean grocer take K-Food to Singapore

  Bloomberg Market Kurly became South Korea’s first billion-dollar online grocery app by delivering fresh produce to customers’ doorsteps by dawn the next day. Now it’s expanding to Singapore by offering products on Alibaba Group Holding Ltd’s RedMart. Singaporeans were expected to buy Market Kurly’s ready-to-cook and ready-to-eat meals via the app, owned by Alibaba unit Lazada. They include frozen ...

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