• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Carrefour shares plunge 13.6% after cutting profit outlook on French riots

FinanceInternationalRFI35 s readAI summary
Image: RFI

Carrefour warned that riots in France will hit its profits and its shares were down 13.6% on the Paris stock exchange around 10:30 a.m. (08:30 GMT). CEO Alexandre Bompard said about 50 Carrefour stores were looted over the weekend and that the year's operating result will be reduced by between 80 and 200 million euros. The unrest could account for up to 60% of fourth-quarter operating profit, according to Jefferies analysts.

In 35 seconds

  • Carrefour shares were down 13.6% on the Paris stock exchange after the profit warning.
  • Bompard said about 50 stores were looted over the weekend.
  • The annual operating result would be cut by between 80 and 200 million euros (90-225 million dollars).
Read the full story at RFI

IASummary generated by artificial intelligence from a story by RFI. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading