Germany's Ceconomy shares jump 20 percent after sales top expectations
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BERLIN (Reuters) - Shares in Ceconomy surged more than 20 percent on Friday after Europe's biggest consumer electronics retailer posted better-than-expected sales for its first quarter, buoyed by Black Friday discount days and upbeat online sales. Ceconomy, which runs more than 1,000 Media Markt and Saturn stores across Europe, has faced fierce competition from Amazon.com and other online outlets, prompting a string of profit warnings last year that led to the departure of its top management..