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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 proving one of the most interventionist economy ministers of later years. And he has shown a particula...

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.

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 looking past the developments in Washington to focus on the prospects for additional fiscal stimulus. â...

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 larger supermarket footprint and boost its presence in Europe and South America. The back story. Europeâ...

Jan. 7, 2021 5:17 am ET Unlikely as it may sound, grocery stores are becoming dream properties—coveted 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 increased by 9.3%, sending its shares up 4%. Britain’s supermarkets have had their highest Christmas...