Carrefour and Ahold struggle to win over investors as market gets tough

first_imgThursday 3 March 2011 7:49 pm whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute EUROPE’S biggest retailer Carrefour and Dutch peer Ahold, struggled to convince investors yesterday with steps aimed at boosting their share prices against tough trading conditions.Carrefour, hit by two profit warnings last year, detailed plans to spin off discount chain Dia and 25 per cent of its European property arm. It believes this will allow it to focus on turning around its European hypermarket business and expanding in fast-growing emerging markets, while also unlocking value for shareholders from its real estate business.However, Espirito Santo analysts described the plan as “cosmetic spin” and were disappointed by the lack of detail in the French group’s forecast to grow sales and profits this year.Ahold, which runs Dutch market leader Albert Heijn but makes about 60 per cent of its sales in the US, announced a bigger-than-expected programme to buy back €1bn (£858m) of shares over 18 months, and hiked its dividend. But it also missed forecasts with a 14 per cent drop in fourth-quarter operating profit to €295m, saying it failed to pass on the full effects of higher food prices to cash-strapped shoppers. Ahold reiterated its long-term goal to grow both net sales and margins by five per cent. KCS-content Sharecenter_img whatsapp Carrefour and Ahold struggle to win over investors as market gets tough Show Comments ▼ Tags: NULLlast_img

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