US

Just Eat Takeaway Sells US Unit Grubhub For $650m

Europe’s biggest meal delivery firm Just Eat Takeaway has said it has struck a deal to sell its US unit Grubhub to Wonder for $650 million.

Monster Beverage missed Wall Street estimates for third-quarter sales and profit as cost-conscious customers cut back on spending.

Molson Coors forecast lower full-year sales, suggesting that higher prices are denting demand for the company’s drinks, especially in the US.

Supermarket group Ahold Delhaize said it predicts improving momentum in Europe and the US in the busy end-of-year quarter.

AB Foods reported a 32% rise in full-year profit, driven by robust performances from its Primark clothing business and grocery division.

AB InBev reported third-quarter profits, revenues and volumes behind forecasts on Thursday, sending its shares down almost 4%.

Bottler Coca-Cola HBC raised its annual forecast and exceeded market estimates for third-quarter organic revenue growth on Thursday.

Food distributor Sysco Corp beat first-quarter revenue estimates in the US on Tuesday, but missed profit expectations.

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