24 Hrs
Source:
الاقتصادية
France disorders cut Carrefour's value
Carrefour is facing significant losses due to protests and looting in France, which have greatly impacted its sales and financial outlook. The stock price declined by 17% over the week, wiping out more than two billion euros of its market value and marking the company's biggest daily drop in history. Carrefour expects the disruptions to affect around 200 million euros of profit, amid warnings from analysts about the potential decline in its performance, with many lowering their recommendations considerably. The ongoing crises continue to pile pressure on the company, which was performing well before the protests escalated.
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