CORRECTION: METRO INTERNATIONAL
On 24 October we blogged on Metro's 3rd quarter results were the worst in its 12 year history (source: WARC).
We now understand that this isnt in fact the case. In fact "there have been a number of quarters more recent showing losses in this size [sic]".
We apologise for the inaccuracy.
We do, however, feel obliged to comment that whilst Q3 2007 may not the biggest loss in Metro history its not a great performance however you look at it is it? And it doesnt improve any because its not the biggest does it?
ps our view on the business hasnt changed in light of this information we still think the Metro business is strong and full of unrecognized potential