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Metro AG

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  • TORONTO, June 14- Canadian department store operator Hudson's Bay Co will announce a 2.825 billion euro deal for Metro AG's department store chain Kaufhof on Monday, according to a source familiar with the matter. Sources had previously told Reuters that Hudson's Bay was in the lead to buy the German chain, and had made a non-binding offer for Kaufhof with a value...

  • *Hope to accelerate store openings in Russia if crisis ends. BERLIN, May 7- German retailer Metro AG plans to significantly increase investment in its business in the next five years and seek out acquisitions as it aims to accelerate sales growth and profitability after emerging from years of restructuring. Europe's fourth-biggest retailer said on Thursday...

  • MOSCOW, April 23- Russian home electronics retailer M.video aims to achieve flat sales in the first three quarters of 2015 compared with a year ago, outperforming a declining market hit by falling consumption, its chief executive said. Russia's economy is sliding into recession, dragged down by Western sanctions imposed on Moscow over its policy in Ukraine and...

  • European shares roused by rally in retailers Tuesday, 13 Jan 2015 | 12:31 PM ET

    LONDON, Jan 13- Retail shares led European equities higher on Tuesday, with expectations of new economic stimulus measures from the European Central Bank also helping to prop up stock markets. German retailer Metro AG climbed 4.5 percent after strong Christmas sales. British supermarket operator Morrison also advanced 4.5 percent as investors welcomed the...

  • European shares buoyed by rise in retail stocks Tuesday, 13 Jan 2015 | 6:23 AM ET

    *Traders eye Greece and Italy Presidency situations. PARIS, Jan 13- A rise in retail shares pushed up European equities on Tuesday, while expectations of new economic stimulus measures from the European Central Bank also propped up stock markets. German retailer Metro AG climbed 3 percent after it reported strong Christmas sales.

  • *Q1 sales 18.3 billion euros vs forecast 18.2 billion. BERLIN, Jan 13- Metro AG, Europe's fourth-biggest retailer, saw a recovery gain pace at three of its four businesses in the important Christmas quarter, with growth in consumer electronics the strongest since 2006, boosting its shares. Stripping out the impact of the disposal of hypermarkets in eastern...

  • Germany cools to Russian investment Sunday, 28 Dec 2014 | 8:36 PM ET
    A giant sign for OAO Gazprom stands above a building in Moscow, Russia

    Few countries have invested more heavily in Russia than Germany after the Cold War ended. But now the rush is going in reverse. The NYT reports.

  • UK retail sales rocket but where are all the stores? Friday, 19 Dec 2014 | 8:11 AM ET
    A general view of a Tesco supermarket in Glasgow, Scotland

    Retail sales growth in the U.K. accelerated at its fastest pace in almost 26 years – just as the industry is preparing itself for major downsizing.

  • Europe shares close higher on Draghi comments Thursday, 8 May 2014 | 11:56 AM ET

    European markets closed higher on Thursday as European Central Bank President Mario Draghi hinted at possible stimulus measures next month.

  • European shares close lower; Peugeot plummets Thursday, 12 Dec 2013 | 11:48 AM ET

    European equities extended a two-week sell-off to close lower on Thursday, as investors booked profits on heightened fears that the U.S. Federal Reserve could act soon start to unwind its bond-buying program.

  • European stocks close higher; Fed minutes watched Wednesday, 20 Nov 2013 | 11:34 AM ET

    European equities closed higher as investors remained cautious ahead of the release of the minutes from the Federal Open Market Committee's October meeting.

  • Tesco pulls back in China with Vanguard deal Friday, 9 Aug 2013 | 12:48 AM ET
    A customer carries Tesco-branded shopping bags as she leaves one of the company's stores.

    Tesco will slash its China exposure by taking just 20 percent of a venture with a state-run company, a deal that underlines the travails foreign retailers have had in the Chinese market.

  • Europe shares close higher after upbeat data Thursday, 1 Aug 2013 | 12:04 PM ET

    European shares closed higher on Thursday as investors reacted to strong U.S. and European data, as well as rate decisions from the European Central Bank (ECB) and the Bank of England (BoE).

  • Europe Stocks Close Narrowly Up After Bernanke Speech Wednesday, 22 May 2013 | 11:44 AM ET

    European shares closed higher on Wednesday, mirroring gains in the U.S. after Federal Reserve Chairman Ben Bernanke reiterated his commitment to maintaining loose monetary policy. However, both European and U.S. shares pared some gains after Bernanke's more hawkish comments in the Q&A session.

  • Wall Street to Best Buy: Get Out of China, Now Thursday, 2 May 2013 | 2:42 AM ET

    Best Buy's move to exit Europe has many on Wall Street hoping the big box retailer does the same in China.

  • European shares pared their earlier gains to close narrowly mixed Wednesday as investors watched to see if Russia will extend or increase its loan agreement for struggling Cyprus.

  • German Billionaire Otto Beisheim Commits Suicide Monday, 18 Feb 2013 | 11:02 AM ET

    German billionaire Otto Beisheim, one of the founders of German retail group Metro , took his own life after being diagnosed with an incurable illness, his family company said on Monday.

  • European Stocks Pare Losses to Close Flat Wednesday, 16 Jan 2013 | 10:47 AM ET

    European shares ended mostly flat on Wednesday, bouncing off intraday lows as many investors used the early dip to boost their exposure to equities.

  • TEXT-S&P cuts Metro AG ratings Thursday, 11 Oct 2012 | 11:42 AM ET

    --We believe that Germany- based retailer Metro AG's. profitability will continue to weaken as indicated by the company's 2012 EBIT revision to EUR2 billion from almost EUR2.4 billion. Rating Action On Oct. 11, 2012, Standard& Poor's Ratings Services revised its long-term corporate credit rating on German retailer Metro AG to' BBB-' from' BBB'.

  • FRANKFURT, Oct 9- Metro AG:.