France unrest hits Carrefour stock
The share of the French retail company Carrefour declined by up to 10% after it downgraded its profit forecasts for the year, due to the riots and looting in France that negatively impacted its operations and sales. The company indicated that these disturbances have led to a deterioration in its financial outlook, resulting in expectations of a share price decline between 7% and 10%, with an actual trading decrease of around 7% at the start of Tuesday's session. This adjustment reflects the operational risks posed by the unrest, which could affect the company's performance and ongoing operations, raising concerns among investors about its financial results for the remainder of the year.
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