|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||16.25 - 16.82|
|52 Week Range||12.95 - 19.73|
|Beta (3Y Monthly)||0.63|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||0.46 (2.91%)|
|1y Target Est||18.54|
Europe's largest retailer Carrefour has adopted blockchain ledger technology to track and trace chicken, eggs and tomatoes as they travel from farms to stores, and will deploy it across all of its fresh product lines in coming years. Julian Satterthwaite reports
Carrefour (CARR.PA) will audit the slaughterhouses which supply its own-brand meat and ask them to install cameras in response to rising consumer demand for socially responsible practices. Europe's largest supermarket retailer said on Wednesday it would conduct 84 audits of slaughterhouses that supply products sold under its brands before the end of 2019. Retailers such as Carrefour and consumer goods companies including Danone (DANO.PA) and Nestle (NESN.S) have been adapting as more consumers and 'millennials' opt for healthier diets and a more socially responsible way of life.
French companies have this week revealed some 60 million euros (£54.2 million) of lost business from anti-government protests rocking the country, which could augur badly for the likes of supermarket chains Casino (CASP.PA) and Carrefour (CARR.PA). Shares in retailer FNAC Darty (FNAC.PA) fell on Thursday after the electronics goods retailer estimated a revenue hit of some 45 million euros from the closure of stores during the protests and fewer shoppers. With no sign of the protests ending, Air France KLM (AIRF.PA) said the unrest had reduced sales by 15 million euros -- a relatively small figure for the Franco-Dutch airline but enough to push its shares down too.
Pork products sold at retailers in Brazil contain antibiotic-resistant bacteria, according to a study funded by animal rights group World Animal Protection (WAP), providing potential evidence of overuse of the medicines in food livestock. The study, which also looked at pork in three other countries, was conducted by the University of São Paulo on behalf of WAP in Brazil. It examined 100 meat samples from outlets owned by Carrefour, GPA and Walmart , WAP said.
Four weeks of anti-government protests that have hit French brick-and-mortar retailers are also taking their toll on online peers during the crucial Christmas shopping season, said the country's Fevad E-Commerce Federation. Online retailers were expected to have benefited from disruption to major shopping areas due to the protests. "It seems there is no carry-over effect for online retailers.
France's President Emmanuel Macron on Monday announced wage rises for the poorest workers and tax cuts for pensioners in further concessions meant to defuse weeks of often violent protests that have challenged his authority. In his first national address following France's worst unrest for years, Macron sought to restore calm and struck a humble tone after accusations his governing style and economic policies were fracturing the country. "We will respond to the economic and social urgency with strong measures, by cutting taxes more rapidly, by keeping our spending under control, but not with U-turns," Macron said in the 13-minute TV address from the Elysee Palace.
France hunkered down for another wave of potentially violent protests on Saturday as embattled President Emmanuel Macron planned to address the nation next week over public fury at the high cost of living, senior allies said. Interior Minister Christophe Castaner said the three-week-old "yellow vest" revolt had "created a monster" and vowed police would have no tolerance for violence, with much of Paris in lockdown and tens of thousands of police deployed nationwide.
Miners, autos, tech, and oil stocks surged on Monday, driving Europe's main benchmarks up strongly after U.S. and Chinese leaders agreed a temporary truce in a trade war. U.S. President Donald Trump and Chinese President Xi Jinping reached a truce at the G20 meeting on Saturday, halting additional tariffs and agreeing to fresh talks aimed at reaching an agreement within 90 days.
Carrefour Brasil, one of Brazil's largest retailers owned by Carrefour SA, sees an increase of up 5 percent in Christmas shopping sales compared to last year, the chief executive officer said on Monday. ...
French Finance Minister Bruno Le Maire will meet retailers and insurers on Monday to assess the economic impact of nationwide protests against rising fuel costs, he said on Sunday. French retailers have warned that prolonged protests could hit the Christmas shopping season and threaten jobs, while President Emmanuel Macron has shown no sign of backing down on taxes introduced last year on diesel and petrol to encourage people to switch to cleaner forms of transport.. The unrest reached new heights in Paris on Saturday, when police clashed violently with thousands of demonstrators on the Champs-Elysees.
French retailers warned on Friday that protests across the country against rising fuel taxes and President Emmanuel Macron's economic policies could derail the crucial Christmas shopping season that starts with Black Friday discounts. On Saturday November 17, more than 280,000 demonstrators took part in the protests all over the country. Some of them kept on protesting and blocking roads since then.
Carrefour Brasil, Brazil's largest retailer, beat quarterly profit estimates on Wednesday thanks to a solid performance in its operations and a marked reduction in financial costs. The company had previously announced an 8.1 percent increase in gross sales for the quarter, to 13.9 billion reais. At its warehouse store division Atacadão, gross sales increased 11.2 percent to 9.5 billion reais, due to faster expansion to a rate of 20 new units a year up from 10 to 12 previously, the company said.
PARIS (Reuters) - Shares in French supermarket retailer Carrefour (CARR.PA) surged on Thursday after Carrefour reported that sales growth accelerated in the third quarter, reflecting improving sales in ...
Carrefour (CARR.PA) said on Wednesday it was confident its overhaul plan was on track after sales growth accelerated in the third quarter, reflecting improving sales in its core French and Brazilian markets. Weakness in Spain and Italy due to competitive pressures and tough economic conditions were however a reminder that Europe's largest retailer still faced headwinds on the road to recovery. Carrefour is in the midst of a five-year plan to cut costs and jobs, boost E-commerce investment and seek a partnership in China with Tencent in a bid to boost profits and revenues and help it tackle competition from Amazon (AMZN.O).
Carrefour said on Wednesday it was confident its overhaul plan was on track after sales growth accelerated in the third quarter, reflecting improving sales in its core French and Brazilian markets. Carrefour is in the midst of a five-year plan to cut costs and jobs, boost E-commerce investment and seek a partnership in China with Tencent in a bid to boost profits and revenues and help it tackle competition from Amazon. It is reaping the benefits of price cuts, an expansion into convenience stores, and a greater focus on organic products and private-labels, having recently sealed a purchasing alliance with British rival Tesco.
Oct 17 (Reuters) - Carrefour CFO Matthieu Malige tells analysts: * CFO SAYS THE MARKET CONSENSUS FOR FULL YEAR 2018 EBIT IS CONSISTENT WITH THE PERFORMANCE OF THE GROUP OVER THE NINE MONTHS * CFO SAYS ...
Brazilian retailer Carrefour Brasil posted a strong boost in third-quarter sales on Tuesday, supported in part by the end of a deflationary cycle for food products and strong growth of the firm's e-commerce initiatives. In a securities filing, the Brazilian unit of France's Carrefour SA said revenue rose 8.1 percent in the third quarter from a year ago to 14 billion reais ($3.76 billion). Carrefour Brasil, like competitor GPA - owned by France's Casino Guichard Perrachon SA - has consistently posted rises in net revenue in recent quarters, as a downturn in Brazil's food retail market eases and both firms expand significantly.
Brazilian police have referred two former executives of food processor BRF SA to federal prosecutors in an investigation into food safety that disrupted meat production in 2017, documents seen by Reuters showed on Monday. The allegation is that former BRF Chairman Abilio Diniz and former Chief Executive Officer Pedro de Andrade Faria did not disclose damaging information when they were at the company.
Europe's largest retailer Carrefour SA has adopted blockchain ledger technology to track and trace chicken, eggs and tomatoes as they travel from farms to stores, and will deploy it across all of its fresh product lines in coming years. The French retail giant said it will rely on blockchain technology developed by IBM, which is working with a number of retailers, logistics firms and growers to roll out systems to secure their global supply chains. IBM Food Trust allows the industry to track and share information on how products are grown, processed and shipped.
Europe's largest retailer Carrefour SA (CARR.PA) has adopted blockchain ledger technology to track and trace chicken, eggs and tomatoes as they travel from farms to stores, and will deploy it across all of its fresh product lines in coming years. The French retail giant said it will rely on blockchain technology developed by IBM (IBM.N), which is working with a number of retailers, logistics firms and growers to roll out systems to secure their global supply chains. IBM Food Trust allows the industry to track and share information on how products are grown, processed and shipped.