Carrefour profits from recovery plan

Carrefour's shares surged after the world's second biggest retailer posted a sharp improvement in earnings at its core French business.

Its first-half recurring operating profit rose 4.9 percent to 766 million euros as a turnaround plan launched by new Chief Executive Georges Plassat started to pay off.

Carrefour's shares are up 48 percent since Plassat's arrival in May 2102.

...
http://www.euronews.net/