Carrefour 2nd qtr

The speeches are still ongoing, it all started less than 30 minutes ago, but the shares have already risen in France. Why? Because the new CEO has announced increased revenue for the first time in years, plus E1bn debt reduction and good figures from South America and Asia although flat in Europe. Its not got the the strategy part yet but the market is very quickly reacting to better than expected figures. Carrefour has been a dog for so long that as soon as it wags its tail everyone claps.