Performance Food Group Guides Q4 Net Sales Below View; Trims FY24 Net Sales Outlook - Update

Performance Food Group To Acquire Cheney Brothers For $2.1 Bln Cash

Performance Food Group Co. (PFGC) announced Wednesday that it has entered into a definitive agreement with Cheney Bros., Inc., pursuant to which PFG will acquire Cheney Brothers for $2.1 billion in cash.

RTTNews | 426 days ago

Performance Food Group Guides Q2 Net Sales Below View; Backs FY23 Net Sales Outlook

While reporting financial results for the first quarter on Wednesday, Performance Food Group Co. (PFGC) provided net sales guidance for the second quarter, below estimates. The company also maintained its net sales guidance for the full-year 2023.

RTTNews | 706 days ago

Performance Food Group Boosts Q2, FY23 Net Sales Outlook As Q1 Results Top Estimates

Performance Food Group Co. (PFGC) reported Wednesday that net income for the first quarter soared to $95.7 million or $0.62 per from $4.70 million or $0.03 per share in the prior-year quarter.

RTTNews | 1070 days ago

UK Unemployment Rate Rises; Wage Growth Slows

The UK jobless rate rose slightly, and wage growth softened in the three months to August, raising chances of an interest rate cut this year. The ILO jobless rate rose slightly to 4.8 percent from 4.7 percent in the preceding period, the Office for National Statistics reported Tuesday. The rate was seen unchanged at 4.7 percent.

RTTNews | 2h 33min ago

Euro Falls As US-China Tensions Escalate

The euro weakened against most major currencies in the European session on Tuesday, as trade tensions between the U.S. and China escalated, and traders monitored ongoing political upheaval in France.

RTTNews | 3h 32min ago

Ericsson Shares Surge On Significantly Higher Q3 Profit, Though Sales Down

Shares of LM Ericsson were gaining around 15 percent in Sweden as well as in the pre-market activity on the Nasdaq, after the Swedish telecom major reported Tuesday significantly higher profit in its third quarter, benefited by a capital gain from the divestment of iconectiv. Meanwhile, net sales declined on a reported and organic basis from the prior year.

RTTNews | 4h 0min ago

Bay Street Likely To Open On Volatile Note

Canadian shares are likely to open on a somewhat volatile note Tuesday morning, amid concerns over escalating U.S. - China trade tensions. Canadian futures are up, while U.S. futures are notably lower. In commodities, oil futures are down sharply, while gold and silver futures are moving higher.

RTTNews | 4h 17min ago

FTSE 100 Modestly Lower Amid Trade Tensions, Weak Economic Data

U.K. stocks are showing weakness on Tuesday, weighed down by data showing an uptick in unemployment rate, and a slowdown in retail sales growth, as well as rising U.S.-China trade tensions.

RTTNews | 5h 2min ago

EURUSD	1.16061	GBPUSD	1.33118	AUDUSD	0.649
USDJPY	151.812	USDCAD	1.40436	USDCHF	0.80097