Edition:
United Kingdom

Dominique Vidalon

Casino shares sink after profit warning, pain spreads to Carrefour, Darty

17 Jan 2020

PARIS Shares in Casino sank 10% on Friday after the debt-laden retailer slashed its forecast for 2019 French operating profit, citing the impact on its fourth-quarter sales of transport strikes in France against pension reforms.

Casino cuts 2019 French profit goal as strikes weigh on fourth quarter

16 Jan 2020

PARIS French retailer Casino , which is closing unprofitable stores at home and selling other assets to cut debt, slashed its forecast on Thursday for 2019 French operating profit growth due to the impact of transport strikes in the fourth quarter.

Retailer Auchan to cut 517 jobs in France

14 Jan 2020

PARIS Retailer Auchan [AUCHF.UL] said on Tuesday it planned to cut 517 jobs in France as part of efforts to reduce costs to cope with fierce competition from the likes of Amazon as well as changing shopping habits.

'French Spider-Man' scales Total tower in support of pension strikes

13 Jan 2020

PARIS Alain Robert, the free climber dubbed the "French Spider-Man", on Monday scaled the Tour Total, a 48-storey skyscraper in Paris, to demonstrate support for workers striking against President Emmanuel Macron's pension reform plans. | Video

Casino close to selling discount chain Leader Price to rival Aldi - source

11 Jan 2020

SAO PAULO/PARIS French retailer Casino Guichard Perrachon SA is in advanced talks to sell its Leader Price discount chain to German low-cost rival Aldi, a source with knowledge on the matter said on Saturday.

France's Carrefour snaps up lunch delivery firm Dejbox

06 Jan 2020

PARIS French supermarket group Carrefour has agreed to buy Dejbox, which specialises in delivering lunches to office workers, in its latest move to boost its e-commerce operations.

France opens rape investigation after writer accused of child abuse

03 Jan 2020

PARIS French prosecutors said on Friday they were opening an investigation into allegations of rape of a child, after a woman said she had been sexually abused by a prominent author when she was 14.

France's Sanofi to buy biotech firm Synthorx for $2.5 billion

09 Dec 2019

PARIS France's Sanofi on Monday agreed to buy California-headquartered biotechnology firm Synthorx in a cash deal worth about $2.5 billion as it steps up a push in the lucrative field of cancer drugs under its new chief executive.

No let-up in Macron's duel with unions on fifth day of strikes

09 Dec 2019

PARIS Trade unions called for more street protests after nationwide strikes aimed at forcing President Emmanuel Macron to abandon his pension reforms caused chaos on France's transport networks for a fifth day on Monday.

World News

Trump adds legal heavyweights Starr, Dershowitz to impeachment team

President Donald Trump turned to some legal heavyweights to help defend him in his Senate impeachment trial with the addition on Friday of former independent counsel Ken Starr, who paved the way for former President Bill Clinton's 1998 impeachment, and prominent lawyer Alan Dershowitz.