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Budge Boycott sets markets a Twitter

October 25, 2010
Carrefour Visora Minoh store at Osaka Prefectu...

Image via Wikipedia

Ken Budge’s one man boycott of Carrefour Lezignan Corbieres is sending shockwaves across the World’s financial centres. Carrefour CEO Lars Olofsson’s call for calm at an emergency press conference went unheeded as both institutional and private investors dumped their stocks on the Paris Stock Exchange, causing an unprecedented 20 euro drop in Carrefour’s share price in less than 2 hours. Only the direct intervention of the Minister of the Economy stopped the plummeting price as he ordered a suspension of the Paris Exchange.

Overseas trading to continued through the night and saw the Carrefour share price drop from 39.02 Euro to an all time low of 6.03 before briefly rallying to 10.14.

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