Delhaize Stock Jumps on Growth Forecast

Stock in Delhaize Group closed up nearly 13% yesterday after the retailer reported operating profits that exceeded earlier projections and a confident forecast for growth in 2009.

BRUSSELS — Stock in Delhaize Group closed up nearly 13% yesterday after the retailer here reported operating profits that exceeded earlier projections and a confident forecast for growth in 2009.

The retailer cited growth of private-label items, pricing investments and store renovations at U.S. banners Food Lion, Hannaford Bros. and Sweetbay as a key to results. Those chains rang up combined sales of $5.1 billion in the fourth quarter and $19.2 billion for the year, which both

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