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October 27, 2021
European stocks were slightly lower on Wednesday morning, as investors digested corporate earnings, fresh economic data and a budget update from the U.K....
October 27, 2021
European stocks were slightly lower on Wednesday morning, as investors digested corporate earnings, fresh economic data and a budget update from the U.K....
October 26, 2021
European stocks were higher on Tuesday, as positive corporate earnings offered a tailwind to global markets.
October 26, 2021
Uber said it has expanded a partnership with French retailer Carrefour to debut a 15-minute grocery delivery service in Paris.
October 26, 2021
European stocks were higher on Tuesday, as positive corporate earnings offered a tailwind to global markets.
January 15, 2021
French retail giant Carrefour supermarket in Saint-Herblain, outside Nantes. Getty Images Who remembers today that back in 2017, Bruno Le Maire ran for the presidential nomination in his conservative party’s primary on a 1,000-page platform advocating sweeping free-market reforms and the end of state meddling in the economy? Three years on, Le Maire, now the French economy and finance minister and one of the most prominent members of President Emmanuel Macron’s government, is pr...
January 13, 2021
Couche-Tard said it has made a $19.66 billion offer to buy French hypermarket chain Carrefour, as large retailers come under pressure to transform their bricks-and-mortar footprint amid pandemic restrictions on shopping and disruption from tech giants.
January 13, 2021
Updated Jan. 13, 2021 4:47 pm ET U.S. stocks wobbled Wednesday, swinging between small gains and losses for most of the session, as investors monitored the impeachment proceedings against President Trump in Washington. House lawmakers voted shortly after the stock market closed to impeach the president for inciting last week’s Capitol riot, just days before he is due to leave office. While the political rancor has weighed on market sentiment in recent days, most money managers are loo...
January 13, 2021
The entrance of a Carrefour supermarket in Rosny-sous-Bois on Nov. 3, 2020. Getty Images Shares in Carrefour, France’s biggest supermarket group, rose as much as 11% on Wednesday, after Canada’s Alimentation Couche-Tard said it was in early-stage takeover talks. The two firms are worth more than a combined $50 billion, and a deal would give the Montreal-based Circle K owner, which mainly sells groceries through its convenience store formats, access to Carrefour’s larg...
January 7, 2021
Jan. 7, 2021 5:17 am ET Unlikely as it may sound, grocery stores are becoming dream propertiesâcoveted but hard to prise away from their owners. Changes to accounting rules are just one reason why it has become less appealing for supermarkets to sell their real estate. In Europe, food shops have been among the few retailers allowed to trade throughout the pandemic and business has been strong. U.K. grocer J Sainsbury reported Thursday that over the nine weeks to Jan. 2, sales incre...