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Stocks Metro AG

  • 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.

  • A series of recent investor meetings with Fitch's EMEA Food Retail team in London, Frankfurt, and Paris underlined that investors are concerned to what extent ratings are at risk due to increased business and credit risks for European food retail companies.