Ahold posts weak net profit amid tough U.S. competition
Article Abstract:
A weak showing in the U.S. market has resulted in low second-quarter net profits for Dutch retailer Koninklijke Ahold NV. The one bright spot among Ahold's U.S. subsidiaries is the earnings at its U.S. Foodservice unit. Meanwhile, in Europe, Ahold's operating income has more than doubled. The retailer currently faces investigation from regulatory agencies in the U.S. and Holland due to an accounting scandal.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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Qatar fund increases stake in J Sainsbury, fueling talk
Article Abstract:
Delta (Two) Ltd., an investment fund linked to Qatar's royal family, increased its 18% stake in J Sainsbury PLC, the British supermarket chain, to 25% for $1.44 bil. The purchase has prompted speculation of a possible takeover offer, or pressure to sell off property to return cash to the firm's shareholders.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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