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Business · 27 minutes ago

Carrefour shares fall 14% after riots force profit forecast cut

Carrefour shares fall 14% after riots force profit forecast cut

Photo by SHOX ART on Pexels

Carrefour, the French supermarket chain, lost €1.62bn in total company value on Wednesday as its shares dropped 14%. Finance chief Matthieu Malige reported that as many as 50 stores were affected, incurring expenses amounting to tens of millions of euros. The firm now expects its operating income to take a hit of between €80m and €200m.

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