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    Tough times hit Carrefour's plans

    euronews (in English)

    by euronews (in English)

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    Carrefour has cut it dividend payment to shareholders in half in anticipation of another tough year in its home market, France, and throughout austerity-hit southern Europe

    The region's top retailer, and the second largest in the world behind Wal-Mart Stores, posted a 19 percent drop in profit last year and has halted plans to revamp its hypermarkets.

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    http://www.euronews.net/