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Metro AG

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  • MOSCOW, Feb 28- Russian hypermarket chain Lenta's stock market debut was clouded by political turmoil in Ukraine on Friday as investors reined in their exposure to Russian companies.

  • MOSCOW, Feb 28- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, on Friday set its planned London initial public offering at the lower end of a range netting around $1 billion for selling shareholders.

  • Metro appoints new boss for German wholesale unit Tuesday, 25 Feb 2014 | 7:17 AM ET

    *New boss currently heads business in Czech Republic, Slovakia. BERLIN, Feb 25- Metro AG has appointed Axel Hluchy as new head of its struggling cash and carry business in Germany, bringing in an executive who has largely worked for the retailer in fast-growing eastern Europe.

  • MOSCOW, Feb 18- Russian children's goods retailer Detsky Mir, owned by oil-to-telecoms conglomerate Sistema, is aiming to launch its planned London initial public offering in mid-March, two banking sources said on Tuesday.

  • *Sale comes as Russia's economy slows. MOSCOW, Feb 14- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, has set a price range for its planned London market debut, which implies a market valuation of up to $5 billion, the company said on Friday.

  • MOSCOW, Feb 14- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, has set a price range for its initial public offering of between $9.5 and $11.5 per one global depositary receipt, a banking source said on Friday. Lenta said earlier this month it would list its shares in London, potentially raising at least $1 billion.

  • BUSINESS-NEWS-SCHEDULE AT 1400 GMT / 9 AM ET Tuesday, 11 Feb 2014 | 9:10 AM ET

    Barclays to cut 12,000 jobs, pays bigger bonuses. LONDON- Barclays says it will axe up to 12,000 jobs this year even as it raises bonuses for investment bankers, prompting fury among politicians and unions who say it has not learned the lessons of the financial crisis.

  • BUSINESS-NEWS-SCHEDULE AT 1000 GMT / 5 AM ET Tuesday, 11 Feb 2014 | 5:05 AM ET

    Barclays to cut 12,000 jobs, pays bigger bonuses. LONDON- Barclays slammed by politicians and unions for having its priorities wrong after saying it will axe up to 12,000 jobs this year to cut costs while increasing bonuses for its investment bankers.

  • BERLIN/ DUESSELDORF, Feb 11- German retailer Metro AG reined in full-year profit expectations on Tuesday after a dip in first-quarter earnings, largely due to lower real-estate income and the strong euro.

  • Overfishing, pollution leave Turkish waters bare Monday, 10 Feb 2014 | 1:00 AM ET

    But frozen mackerel from Norway or imports from Morocco are more likely to fill the onion, lettuce and pickle stuffed buns than a fresh catch from the Bosphorus or Marmara Sea.

  • MOSCOW, Feb 3- Russian hypermarkets retailer Lenta is to list its shares in London, the company said on Monday, potentially raising at least $1 billion and tapping the demand from investors for consumer-focused businesses buoyed by Russia's rising middle class.

  • UPDATE 1-Russia's Lenta says to float in London Monday, 3 Feb 2014 | 2:32 AM ET

    MOSCOW, Feb 3- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG,, said on Monday it would float in London, tapping demand from investors for consumer-focused stocks buoyed by a rising middle class.

  • *Biggest shareholder Haniel under pressure after Celesio bid failed. BERLIN/ DUESSELDORF, Jan 21- A break-up of sprawling German retail group Metro AG looks unlikely despite speculation that the planned sale of a stake in its Russian cash-and-carry unit is the start of more radical restructuring.

  • BERLIN, Jan 20- German retailer Metro AG plans to sell up to a quarter of its Russian cash-and-carry unit in a London listing in coming months to raise funds to invest in the fast-growing business and pay down debt. The sale is expected to raise at least 1 billion euros for Metro, with analysts valuing the total Russian business at 4- 7.5 billion euros.

  • BERLIN, Jan 20- German retailer Metro AG plans to sell up to a quarter of its Russian cash and carry unit in a initial public offering in the first half of the year on the London stock exchange.

  • BERLIN, Jan 20- Metro AG plans to sell up to a quarter of its stake its Russian cash and carry unit in a initial public offering in the first half of the year on the London stock exchange, the German retailer said on Monday.

  • LONDON/ PARIS, Jan 16- Sales at European retailers Carrefour, Metro and Dixons Retail have returned to growth in southern Europe as consumers start spending again after years of economic turmoil, austerity and job losses.

  • *Spain back to growth in Q4, first time since 2008. PARIS, Jan 16- Carrefour, the world's second-biggest retailer, said sales growth slowed in Brazil and turned negative in China in the final three months of last year, dealing it a blow in the two major emerging markets it has earmarked for expansion.

  • LONDON/ PARIS, Jan 16- Sales at European retailers Carrefour, Metro and Dixons Retail have returned to growth in southern Europe as consumers start spending again after years of economic turmoil, austerity and job losses.

  • *IPO seen raising more than $1 billion. *Sberbank, Goldman likely to work on deal- sources. MOSCOW/ DUESSELDORF, Nov 19- Europe's fourth-biggest retailer Metro AG is considering a stock market listing of a minority stake in its Russian unit to help fund its expansion, the company said on Tuesday, confirming an earlier Reuters story.

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