*Carrefour raises cash for Brazil expansion, Diniz back in retail. PARIS, Dec 18- Carrefour has sold a 10 percent stake in its Brazilian business to billionaire Abilio Diniz, in a first step towards a possible separate listing, as Europe's largest retailer looks to raise cash to accelerate growth in its second-largest market. With its core French market on the mend,...» Read More
Russia's exporting energy companies should benefit from a weaker rouble as they sell oil, gas and products in foreign currencies, mainly U.S. dollars, but some are also taking a hit because of large levels of debt held in foreign currencies. Rosneft, Russia's leading oil producer and the world's largest listed oil firm by output, posted 1 billion roubles in third...
*Carrefour 5 pct dearer than Lidl vs 20 pct premium in UK- LEK. PARIS/ BERLIN, Oct 20- The success of French retailers in stopping the advance of discounters in the last five years shows a way out of the crisis embroiling Britain's "big four" grocers. In Britain, Tesco, Wal-Mart's Asda, Sainsbury and Morrison are all losing shoppers to discounters Aldi and Lidl, which have...
Tesco's most lucrative non- UK assets are its businesses in South Korea and Thailand, which could be sold outright or made separate businesses with local management teams and listed locally, as Casino did in Thailand. The South Korea business is seen as worth around 4 billion pounds, and Thailand worth 5 billion pounds. Tesco has businesses in Poland, Hungary,...
Magnit sells local produce, has a CEO who meets with investors, and targets ordinary Russians. Fund investor concerns about Russia have led to some selling of Magnit lately, and fund managers warn that small investors might find the risks of investing in Magnit too big.
PARIS, July 31- Carrefour, the world's second-largest retailer which reported higher first-half profits on Thursday, said it will slow down investment in Argentina in response to the country's second debt default in 13 years. "Argentina weighs on the stock although the group's exposure to the country is limited," said a Paris- based trader.
*Carrefour profits rise in France, Brazil, Argentina. BERLIN/ PARIS, July 31- Two of Europe's top retailers, France's Carrefour and Germany's Metro, are making progress in their quests to revive performance in their home markets, with Metro rewarding its chief executive with a contract extension.
PARIS, July 31- Carrefour, the world's second-largest retailer, reported higher first-half profitability in its core French business and in Brazil and Argentina, while China stayed under pressure.
PARIS, July 31- Carrefour, the world's second-largest retailer, reported a 13.8 percent rise in first-half recurring operating profit to 833 million euros, driven by higher profitability in its core French business and in Brazil and Argentina, while China stayed under pressure.
India has approved a $110 million investment plan by Tesco, paving the way for the British retailer to venture into Asia's third-largest economy.
Tesco will slash its China exposure by taking just 20 percent of a venture with a state-run company, a deal that underlines the travails foreign retailers have had in the Chinese market.
Wal-Mart entered India's supermarket sector in 2010 with a $100 million bet on a consultancy with no employees, no profits, and a scant $14,000 in revenue.