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Uber partners with Iceland Foods to offer rapid delivery

  Bloomberg Uber Technologies will offer consumers delivery within minutes on orders from frozen-grocery chain Iceland Foods, in its first “quick commerce” partnership in the UK. Customers on the Uber Eats mobile app will be able to order more than 1,000 items from Iceland via the new initiative, known as Uber Eats Market, the company said. The move marks Uber’s ...

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Albertsons profit tops estimates

  Bloomberg Albertsons Cos. reported a quarterly profit that topped Wall Street’s estimates, underscoring the steady demand that makes the grocer an attractive takeover target for Kroger Co. Earnings excluding some items rise to 72 cents a share in the fiscal second quarter, Albertsons said in a statement. That surpassed the 64-cent average of analyst estimates compiled by Bloomberg. Sales ...

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Truss resigns as UK premier after tax-cut plan backfires

Bloomberg Liz Truss quit as UK prime minister after a brief and chaotic tenure that saw her announce a massive package of tax cuts before unwinding most of it in the face of a market rout. Truss, 47, said she was resigning after just 44 days in office, and is set to become the shortest-ruling prime minister in British history. ...

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