FLORENCE/PARIS Leading producers Italy and France are looking to slash premium wine output from the upcoming harvest to shore up prices after the coronavirus pandemic hammered sales and led to a glut of stock.
* French Champagne houses, growers negotiating cuts to
PARIS France on Wednesday stepped up financial support for wine growers faced with a deep drop in demand after lockdowns closed restaurants and bars and U.S. tariffs curbed exports.
PARIS France gave local governments the power on Friday to order the wearing of face masks in outdoor public spaces as the country fights a resurgence of COVID-19, and the northern city of Lille imposed such a mandate.
PARIS, July 31 France's Vinci on
Friday warned its 2020 earnings would fall significantly after
lockdowns meant a sharp drop in its airport and motorway
concessions business in the first half.
PARIS Shrinking bottled water sales during COVID-19 lockdowns drove down Danone's quarterly sales, and the company warned costs linked to the pandemic would weigh on its profit margin for the rest of the year.
* French hypermarket sales down 3.6% like for like in Q2
(Adds CEO and CFO comments from analysts call)
PARIS PSA Chief Executive Carlos Tavares is confident a $50 billion merger of the maker of Peugeot vehicles with Fiat Chrysler (FCA) will proceed as planned and deliver synergies of at least 3.7 billion euros ($4.2 billion).