Carrefour Brazil unit books provision for tax row

Carrefour SA (CA.FR) said Monday that Atacadao S/A (CRFB3.BR), its Brazilian subsidiary, is booking a provision for tax disputes amounting to 815 million Brazilian reais ($205.7 million). The French supermarket chain said Atacadao decided to book the provision as a precautionary step following an unfavorable decision by the Brazilian Supreme Court last Thursday. "The Supreme Court’s decision is subject to […]

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Tate & Lyle backs guidance, but sees softer EPS

Tate & Lyle PLC (TATE.LN) said Thursday that group adjusted pretax profit in constant currency for the third quarter of fiscal 2019 was ahead of the year-earlier period and backed its full-year guidance. The food ingredients company said its food-and-beverage solutions business performed well in the three months ended Dec. 31 and that adjusted operating profit in its sucralose business–which […]

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Casino to sell properties worth $562.9 million

Casino Guichard-Perrachon SA (CO.FR) said Monday that it has agreed to sell 26 hypermarkets and supermarkets worth 501 million euros ($569.2 million) to Fortress Investment Group, and that it has reached its asset-disposal target of EUR1.5 billion. Under the agreement signed with Fortress, Casino will receive about EUR392 million in the first half of the year, once the transaction is […]

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Albertsons sales boosted by fuel

Privately held grocery company Albertsons Cos. said third-quarter sales increased, driven by higher fuel sales. The food and drug retailer, which owns Safeway and other chains, said sales and other revenue rose 1.8% to $13.8 billion from $13.6 billion in the year-ago period. The increase was driven by the 1.9% increase in identical sales and higher fuel sales of $91.7 […]

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