By Camilla Palladino
It’s a stark contrast. Tesco, the biggest UK supermarket group, is roaring ahead; its French peer, Carrefour, seems to have hit yet another glitch.
When Carrefour last reported results at the start of September, it said it had cut prices without slicing into margins, and pointed to a small uplift in French market share. So Investors were optimistic about the effect a second set of price cuts, planned for the second half, would have.
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