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Wednesday, October 22, 2008
Hemscott, UK -
The UK's home and general merchandise retailer Home Retail reported a pre-tax loss of £437 million over the 26 weeks to 30 August. The group attributes some ... -
Wednesday, October 22, 2008
This is Money, UK -
Home Retail Group is braced for the worst Christmas in years after revealing that trading in the past few weeks has been disastrous. ... -
Wednesday, October 22, 2008
Daily News Round-up (press release), UK -
Home Retail Group has warned that profits for the year will be at the lower end of expectations after the company slashed £542 million from its value. The group added that it would cut costs and investment in Homebase. In the 26 weeks to August 30th, ... -
Wednesday, October 22, 2008
This is London, UK -
THE recession has kicked in with a vengeance on the high street, sending sales in the last few weeks plunging. Home Retail Group, the company behind Argos ... -
Wednesday, October 22, 2008
mad.co.uk, UK -
Home Retail Group, owner of retailers Argos and Homebase, has slumped to a first-half loss of £437m and reported a 19% fall in profit. The company blames the poor summer and the economic downturn. In its half-year results to August 30, ... -
Wednesday, October 22, 2008
GleeWire, UK -
By Mary Clarke Home Retail has reported a 10.3 per cent drop in like-for-like sales to £829 million at Homebase in the 26 weeks to August 30. The company, which also reported a 3 per cent sales decline at Argos, said it expected challenging conditions to ... -
Wednesday, October 22, 2008
Edinburgh Evening News, UK -
By MICHAEL BLACKLEY SALES at retail chains Argos and Homebase have slumped as a result of "challenging" trading conditions. Home Retail Group, which owns both of the brands, said its overall sales were flat in the first half of its financial year, at ... -
Wednesday, October 22, 2008
InTheNews.co.uk, UK -
Home Retail Group has reported a sharp downturn in trading, writing off £542 million on its Homebase chain as pre-tax profits dropped 19 per cent to the end of August. The group, which also owns Argos, paid £900 million for the DIY chain in 2002, but ... -
Wednesday, October 22, 2008
ShareCast, UK -
LONDON (SHARECAST) - Retailers are lower after Argos and Homebase owner Home Retail Group reported falling sales. “The challenging conditions look set to remain for some time, and indeed have worsened in the turbulent recent weeks,? said boss Terry Duddy. ... -
Wednesday, October 22, 2008
Silicon.com, UK -
By Julian Goldsmith Home Retail Group, the parent company of Argos and Homebase, has said its argos.com website now contributes 22 per cent of total sales for the brand. The retailer delivered half-year results which ...
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Wednesday, October 22, 2008
DiyWeek.net, UK -
Homebase has reported a like-for-like sales drop of 10.3% for the 26-week period to August 30. Not great news for parent company Home Retail Group, considering the DIY giant's figures were already down 2.5% in 2007. Its total sales also saw a decline of ... -
Wednesday, October 22, 2008
Retail Week (subscription), UK -
Home Retail Group has posted a plunge in first-half profits and warned that the full-year figure will be at the low end of expectations unless trading conditions improve. The parent company of Argos and Homebase reported a "benchmark" interim pre-tax profit down 19 ... -
Wednesday, October 22, 2008
Reuters -
LONDON, Oct 22 (Reuters) - Britain's Home Retail Group (HOME.L: Quote, Profile, Research, Stock Buzz) has cut the book value of its Homebase DIY chain by 542 million pounds ($920 million) due to the declining retail market as it reported a 19 percent fall in ... -
Wednesday, October 22, 2008
Telegraph.co.uk, United Kingdom -
Home Retail, the owner of Argos and Homebase, slumped to a £437m loss in the first half and warned that profits will be at the bottom end of City forecasts ... -
Wednesday, October 22, 2008
Financial Times, UK -
By Lucy Killgren Home Retail Group, owner of catalogue retailer Argos and DIY group Homebase, plunged to a first-half loss and warned that profit for the year was likely to be at the bottom of expectations if challenging conditions persisted into the peak trading months ... -
Wednesday, October 22, 2008
The Press Association -
The owner of Homebase has slashed £542 million from the value of the struggling DIY chain and warned of the impact of recent financial turmoil on profits. Home Retail Group said it would cut costs and investment in Homebase as the economic outlook deteriorates. ... -
Wednesday, October 22, 2008
Times Online, UK -
Shares in Home Retail Group (HRG) slumped in early trading today after the owner of Homebase and Argos plunged into the red with a £437 million pre-tax loss ... -
Wednesday, October 22, 2008
BBC News, UK -
Home Retail Group has written off £542m on its Homebase DIY chain as pre-tax profits for group slumped 19% in the six months to the end of August. The group paid ?900m for Homebase in 2002, but the value of the business on its ... -
Wednesday, October 22, 2008
Forbes, NY -
Shares in Home Retail fall as much as 11.5 percent to a new low of 172 pence, dragging down rival Kingfisher, after it announces a big writedown to the book value of its Homebase DIY chain and says annual profit will be toward the bottom end of foreasts if ... -
Wednesday, October 22, 2008
Bloomberg -
By Louisa Nesbitt Oct. 22 (Bloomberg) -- Home Retail Group Plc, the owner of more than 1000 UK stores, said annual profit may be at the lower end of ...
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