Carrefour

European economy 19th June 2024

Carrefour could be hit with €200m fine after franchisees complain about obligation to source from group companies

Singular Bank: The French supermarket multinational fell 4.8% today after falling nearly 10%. The French finance minister has recommended that the company be fined €200m in the course of a lawsuit by its franchisees. The franchisees denounce practices such as forcing them to source their supplies from companies in the group, thus preventing them from having access to more competitive prices. The company has denied any irregular practices and hopes…

World economy 28th July 2014

Why do foreign brands ‘Break Bad’ in China?

BEIJING | By Tang Jinghong via Caixin | Multinationals like McDonald’s and KFC hop from one scandal to another in China, which says a lot about our problems handling food safety issues.

Markets 26th March 2014

Today’s market chatter in Spain

MADRID | By Jaime Santisteban | Spanish government plans to create a state firm to house the failed toll roads, which will issue a 30-year bond of around 2.3 billion euros to pay the motorways’ debt. Also, creditor banks will be forced to accept a 50 percent haircut. In this regard, analysts at ACF and Sabadell don’t expect a considerable harm on licensed building companies’ share price.