Carrefour reports a loss and warns on full-year profits

 In Carrefour, International

Carrefour reported an unexpected loss in the first half of the year and gave a profit warning for the full year.

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Europe’s biggest retailer said it made a net loss of 249m euros ($360m; £221m) for the first six months of the year, compared with a 97m-euro profit in the same period last year.

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It took 884m euros of one-off charges, mainly due to reductions in the value of its Italian business. BBC News – Read more…

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