Metro expects a smaller profit

Metro AG's management confirmed that the overall last year result will be probably somewhat lower than the 2.4 billion euros of 2010.

Metro's shares since November, shows the biggest intraday increase, after the management announced that the sale of the Kaufhof department store chain continues to be the company’s strategy, and the adjournment of the negotiations isonly temporary due to the condition of the financial markets, writes tozsdeforum.hu.