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France mulls converting Cordemais coal power generators to biomass

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PARIS (Reuters) – The French government and utility EDF will study the possibility of converting the 1.2 gigawatts (GW) Cordemais coal power generators to burn biomass due to its importance in guaranteeing security of supply, the energy ministry said on Tuesday. President Emmanuel Macron’s government plans to phase out electricity production from France’s remaining coal-fired Read More

Equities slump on growth, trade worries

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NEW YORK (Reuters) – A gauge of world stock markets fell on Tuesday as concerns over global growth and trade gave investors incentive to look toward safe-haven assets such as the Japanese yen and government bonds. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. Read More

Carrefour confident over overhaul despite fourth-quarter 'yellow vests' hit

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PARIS (Reuters) – Carrefour (CARR.PA) said on Tuesday it was confident its overhaul plan was on track, although sales growth slowed slightly in the fourth quarter as 10 weeks of anti-government protests hit hypermarket sales in its core French market. The logo of Carrefour is seen on shopping trolleys at the Carrefour Lingostiere in Nice, Read More

Equities slump as growth worries resurface

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NEW YORK (Reuters) – A gauge of world stock markets fell on Tuesday as concerns over global growth spurred investors to look toward safe-haven assets such as the Japanese yen and government bonds, with equities extending losses on additional trade worries. Traders work on the floor of the New York Stock Exchange (NYSE) in New Read More

French protests weigh on Carrefour fourth-quarter hypermarket sales

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The logo of Carrefour is seen on shopping trolleys at the Carrefour Lingostiere in Nice, France, March 31, 2018. REUTERS/Eric Gaillard PARIS (Reuters) – Carrefour (CARR.PA), Europe’s largest retailer, said on Tuesday that sales growth slowed in the fourth quarter, as 10 weeks of anti-government protests hurt hypermarket sales in its core French market. Elsewhere Read More

McPhy Energy: FY 2018 revenue of €8 million

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 Press release McPhy: FY 2018 revenue of €8 million Confirmation of a 21% decline in FY 2018 revenue compared to FY 2017 due to delays affecting several orders FY 2018 operating performance expected to show the impact of this top-line contraction High rate of growth maintained in Europe, with revenue up 23% compared to FY 2017 Read More

France and Germany pledge to defend each other in new treaty

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A new treaty signed by France and Germany on Tuesday reiterates their commitment to support each other, which they have done as NATO members. Angela Merkel also supported the creation of a joint European army. “The fourth article of the treaty says we, Germany and France, are obliged to support and help each other, including Read More

IMF pessimism + trade tensions = sickly stocks

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LONDON (Reuters) – Pessimism about global growth drove down world shares and commodity markets on Tuesday and left investors seeking refuge in the dollar, government bonds and gold. People check their mobile phones as they stand outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls The International Monetary Read More

Exclusive: Autogrill submitted a bid for Elior's Areas business – source

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FILE PHOTO: An Autogrill point is seen along the Grande Raccordo Anulare (Great Ring Junction) motorway in Rome, Italy, March 8, 2016. REUTERS/Max Rossi MILAN (Reuters) – Italy’s Autogrill (AGL.MI) has submitted a bid for the railways, motorway and airport catering business of France’s Elior (ELIOR.PA), a source told Reuters on Tuesday. Earlier this month, Read More

In Versailles, Macron vows to reform to avoid king's fate

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VERSAILLES, France (Reuters) – President Emmanuel Macron told dozens of the world’s most powerful executives on Monday that he would not follow the path of guillotined French royals and would continue to reform the French economy despite a sometimes violent popular revolt. French President Emmanuel Macron reacts after he delivered his new year wishes to Read More