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    Tough times hit Carrefour's plans

    euronews (in English)

    by euronews (in English)

    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.