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Metro AG

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  • Metro considers listing minority stake in Russian unit Tuesday, 19 Nov 2013 | 11:22 AM ET

    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 exclusive. Sberbank and Goldman Sachs are likely to be working with Metro on the IPO, the sources said.

  • *IPO seen raising more than $1 billion. MOSCOW/ DUESSELDORF, Nov 19- Europe's fourth biggest retailer Metro AG is talking to banks about an initial public offering of its Russian unit, sources told Reuters on Tuesday, as it restructures its portfolio to cut its 6.3 billion euros in net debt.

  • 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:.

  • BRIEF-Moody's lowers Metro AG to Baa3; outlook stable Tuesday, 9 Oct 2012 | 10:10 AM ET

    *Moody's lowers Metro AG to baa3; outlook stable.

  • German stocks - Factors to watch on October 9 Tuesday, 9 Oct 2012 | 1:16 AM ET

    FRANKFURT, Oct 9- The DAX top-30 index looked set to open 0.3 percent higher on Tuesday, according to premarket data from brokerage Lang& Schwarz at 0619 GMT. Related news DEUTSCHE BANK, COMMERZBANK Deutsche Bank indicated 0.3 percent higher Commerzbank indicated unchanged.

  • *Barclays cuts Metro AG to equal weight from overweight; target. price to 23 euros from 32 euros. Reuters Station users, click. 1580.

  • *Commerzbank cuts Metro AG price target to 21 euros from 23.50. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • RESEARCH ALERT-Natixis cuts Metro AG price target Monday, 8 Oct 2012 | 3:47 AM ET

    *Natixis cuts Metro AG price target to 20 euros from 22.5 euros;. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • *Exane BNP Paribas cuts Metro to underperform from outperform For a summary of rating actions and price target changes on European companies:. Reuters Eikon users, click on. Reuters Station users, click. 1580.

  • RESEARCH ALERT-UBS cuts Metro AG price target Monday, 8 Oct 2012 | 3:11 AM ET

    *UBS cuts Metro AG price target to 20.5 euros from 23 euros; rating neutral. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • RESEARCH ALERT-Nomura cuts Metro AG price target Monday, 8 Oct 2012 | 1:39 AM ET

    *Nomura cuts Metro AG price target to 24 euros from 28 euros; rating. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • German stocks - Factors to watch on October 8 Monday, 8 Oct 2012 | 1:09 AM ET

    VOLKSWAGEN Indicated 0.7 percent lower. Separately, Volkswagen could start selling its Golf 7 plug-in hybrid car from 2014, a year earlier than previously planned, German magazine WirtschaftsWoche reported, citing no sources.

  • Karstadt/Kaufhof merger still makes sense-Berggruen Sunday, 7 Oct 2012 | 9:13 AM ET

    FRANKFURT, Oct 7- Billionaire investor Nicolas Berggruen said a merger of his retail chain Karstadt and Metro's. Metro, the world's No.4 retailer, in January suspended the sale of its Kaufhof department stores, valued at 2- 3 billion euros, saying potential buyers were struggling to raise funds.

  • Europe gloom prompts Metro profit warning Friday, 5 Oct 2012 | 10:35 AM ET

    BERLIN-- German-based retail group Metro AG has issued a profit warning, blaming the impact on consumer confidence of a recent rise in European unemployment and governments' redoubled efforts to cut budget deficits.

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