Talking shop: Metro Group's "record" earnings fail to impress
By: Katy Askew | 24 March 2011
Metro Group, the world's fourth-largest retailer, hailed "record" earnings for 2010 when it delivered its full-year results earlier this week. However, the group's share price dipped following the announcement as the company's 2010 performace and plans for international expansion in 2011 failed to excite investors. Katy Humphries reports.
just-food articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
Metro Group, the world's fourth-largest retailer, hailed "record" earnings for 2010 when it delivered its full-year results earlier this week. However, the group's share price dipped following the announcement as the company's 2010 performace and plans for international expansion in 2011 failed to excite investors. Katy Humphries reports.
- Unlimited access to all the latest global food news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-food market research
- Plus much more
If you’re already a member, login here
More articles related to this one
Editor's choice: the highlights on just-food this week
Tesco this week announced plans to cut GBP500m (US$773.6m) from the price of thousands of items in the UK in a revamp of its promotional strategy. Suppliers and rival retailers will be weighing up the impact on their businesses and the move comes at a difficult time for online retailer Ocado, which has a high-profile price-matching campaign aimed at Tesco and has seen its shares fall this week. Elsewhere, Kerry Group boosted its ingredients business with a move to buy Cargill's flavours arm while one deal that will not happen is ConAgra Foods' bid to buy Ralcorp Holdings, which again refused to talk to its suitor.
GERMANY: Haniel U-turn on Metro CEO contract
The largest shareholder in Metro Group has thrown its weight behind the German retailer's CEO Dr Eckhard Cordes, days after saying it did not want him to remain at the business beyond his current contract.
GERMANY: Metro Group shareholder backs CEO Cordes
A key shareholder in Metro Group has reportedly indicated its support for under-fire chief executive Dr Eckhard Cordes.
Market research related to this article
Direct Selling - Belgium
The last couple of years of the review period witnessed an explosion in the number of new entrants, and, notably, starters. Indeed, the number of newly created companies in direct selling increased by 60% in 2009, and was said to forge ahead in 2010....
Grocery Retailers - Belgium
The most important factor driving grocery retailing in 2010 was the restructuring plan of Carrefour Belgium. For many years, the French player has faced difficulties in Belgium, which did not improve with the economic crisis. The closure of some Carr...
Homeshopping - Belgium
Again, mainstream VAD (Vente A Domicile – Distance Selling) players focused in 2010 on the progressive transition of their activities and consumer base from homeshopping to internet retailing. Indeed, online stores offer more interactivity, more visu...
