Carrefour SA (CARR.PA)
PARIS, April 15 Brazil and southern Europe drove first quarter sales growth at Carrefour as its turnaround strategy gained traction, and the world's second-biggest retailer said it was comfortable with market expectations of higher full year profits.
LONDON, April 15 European shares edged lower in early trading on Friday, with automakers leading the market down after French car parts maker Faurecia fell sharply after an update.
PARIS, April 15 World No 2 retailer Carrefour said on Friday that sales growth accelerated in the first quarter, reflecting robust sales in Brazil, Spain and Italy, and a lacklustre performance in France, which suffered from tough year-ago comparables.
FRANKFURT German retailer Metro has proposed to split itself in two, separating its wholesale and food business from its consumer electronics chain to help each focus and grow faster, sending its shares sharply higher.
* Shareholders to get one share in each company per existing share
* Carrefour to hold AGM on May 17 (Changes dateline, adds Carrefour, Peninsula comments, shares)
SAO PAULO/NEW YORK, March 30 Península Participações Ltda, the investment holding company controlled by Brazilian billionaire Abilio Diniz's family, has increased the amount of shares it owns in Carrefour SA just weeks after the French retailer nominated the tycoon to take a board seat.
SAO PAULO, March 18 Carrefour SA has nominated Brazilian billionaire Abilio Diniz, the French retailer's fourth-biggest shareholder, to become a board member, a statement from his investment company said on Friday.
TBILISI, March 18 The European Bank for Reconstruction and Development (EBRD) has allocated a loan of up to $39.5 million to the Georgian subsidiaries of Majid Al Futtaim, the holder of exclusive rights to the Carrefour franchise, the EBRD said on Friday.
PARIS Carrefour , the world's second-largest retailer, vowed to renovate and open more stores to keep its European turnaround on track, while warning it would take time to revive its loss-making Chinese business. | Video
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