Carrefour SA rose in Paris while Cencosud SA slumped the most in more than a year in Santiago after the French company agreed to sell its Colombian stores to the Chilean retailer for 2 billion euros ($2.6 billion).
Carrefour SA , the world’s second- largest retailer, returned to profit in the first half of 2010 and said it’s confident of achieving full-year objectives, boosted by cost cutting and cheaper purchasing.
Ocado Group Plc , the U.K. online grocer that sold shares to the public for the first time last year, dropped as much as 18 percent in London trading after the second-biggest shareholder sold its entire stake.
Carrefour SA, the world’s second- largest retailer, is considering a proposal to merge its Brazilian assets with those of Cia. Brasileira de Distribuicao Grupo Pao de Acucar, setting up a power struggle with French rival Casino Guichard-Perrachon SA.
Next Plc joined John Lewis and House of Fraser in the U.K. Christmas winners column as those retailers with a consistent approach and a compelling multi- channel offer triumphed in the battle for festive business.
Royal Ahold NV, the Dutch owner of the Stop & Shop chain, left open the possibility of acquisitions as it considers how to utilize cash raised from the $3.1 billion disposal of its stake in Swedish retailer ICA.
Royal Ahold NV, the Dutch owner of Stop & Shop stores, said it will ramp up its online business, expand in Belgium and add convenience stores as Chief Executive Officer Dick Boer aims to reverse slowing sales growth.