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Examples
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Home-improvement retailer Praktiker slumped 13%, adding to heavy losses on Friday, as investors continued to digest a profit warning.
Europe Markets Eke Out Mild Gains Ishaq Siddiqi 2011
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Home-improvement retailer Praktiker slumped 13%, adding to heavy losses on Friday, as investors continued to digest a profit warning.
Europe Markets Eke Out Mild Gains Ishaq Siddiqi 2011
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As sales updates came in, Germany's Praktiker fell 17.2% after the home-improvement retailer detailed a 1.2% drop in fourth-quarter sales, citing a decline in promotional activity in Germany and the impact of the euro.
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German home-improvement retailer Praktiker surged 16% after third-quarter operating earnings came in 22% higher.
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German home-improvement retailer Praktiker surged 16% after third-quarter operating earnings came in 22% higher.
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The picture in many European countries is no better, with German home improvements group Praktiker issuing a profit warning earlier this month.
Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph 2011
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DIY store operator Praktiker, which saw sales at its stores outside of Germany plunge 12 percent in the first nine months of the year, has renegotiated contracts with suppliers and cut 9 percent of its workforce.
Reuters: Top News 2011
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UK * Praktiker Q2 sales fall 8.4 pct, cuts 2010 sales outlook * Shares in both companies down around 3 pct in early
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With regard to the full financial year 2010, Wolfgang Werner, chairman and CEO of Praktiker anticipates a decline in group sales in the lower single-digit percentage range.
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Germany weak * Metro shares fall 5 pct on data, soft Praktiker results * Sainsbury beats Q3 sales forecasts, but cautious on 2010 * European ...
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