Falling food prices in Spain hit Q2 sales at Dia
date:Jul 29, 2014
uding the boost from new stores, fell 5.6 percent in the second quarter in Spain and Portugal, where price competition remains stiff amid a fledgling economic recovery and high unemployment.

Shares in Dia, which are flat so far this year, fell 1.7 percent to 6.35 euros ($8.53), the heaviest decliner on Spain's blue chip index. It trades at an about 16 times price to earnings ratio, broadly in line with peers.

In terms of the next few months it is important to point out that some signs of recov
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