Russian food retailer X5's sales growth raises turnaround hopes
date:Jan 24, 2014
ad with a significant refurbishment programme for existing ones in 2014 to speed up recovery. It plans to release 2014 guidance on Feb. 14.

Its London-traded shares rose 5.4 percent to $18.60 by 1057 GMT.

The fourth quarter provides momentum going into 2014, however with signs that consumer confidence may be ebbing we need to continue executing on many fronts to complete the turnaround in our operations, X5 CEO Stephan DuCharme said.

Magnit, which increased revenue by 29 percent last year to
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