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Stocks Ceconomy AG

  • 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.

  • 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.