Metro Inc (MRU.TO)
21 Aug 2018
BERLIN, Aug 14 German consumer electronics retailer Ceconomy said quarterly earnings were dented by another impairment on its stake in Metro even as it reported that its strategy to push online sales and offer more services is bearing fruit.
* HAS ACQUIRED METRO MIX, LLC, A LEADING PROVIDER OF READY-MIX CONCRETE IN THE DENVER METROPOLITAN AREA IN COLORADO
BERLIN Shares in Germany's Metro jumped the most in more than a year on Thursday after the retailer raised hopes that its shrinking Russian business had turned a corner despite a quarterly drop in profit and sales.
* Shares jump 10 percent to two-month high (Releads on share jump, adds CEO and analyst comments)
BERLIN, Aug 2 German retailer Metro on Thursday said third-quarter operating profit plunged 38 percent, weighed down by its struggling Russian business and Real hypermarkets in Germany.
* Real says sees no need to discuss pay with union Verdi (Recasts with further union comment, adds company comment)
BERLIN Retailer Metro has no plans to sell its German hypermarket chain Real, Chief Executive Olaf Koch told a magazine in an interview published on Friday.
BERLIN, July 13 Retailer Metro has no plans to sell its German hypermarket chain Real, Chief Executive Olaf Koch told a magazine in an interview published on Friday.
FRANKFURT, July 13 Labour union Verdi has called on 34,000 workers at Metro's Real hypermarkets in Germany to strike on Friday in protest over a wage agreement that it said would result in 23 percent lower pay for new hires.
FRANKFURT, June 4 The chief executive of Metro is hopeful that the German retailer will turn around its struggling Russian business soon, he said on Monday.