Essential reading for retailers and suppliers in the home improvement market

Home Retail Group shares jump over sale rumours

Published: 23 November 2015
Homebase and Argos parent company's share prices increase over rumours that it has caught the eye of private equity firms.
Home Retail Group's shares shot to the top of the FTSE 250 leader board over rumours that private equity companies are buying up shares and that the Homebase and Argos apparent could be the target of a takeover bid.

A report in The Sunday Times suggested that several retail industry figures have been asked to advise on potential approaches for Home Retail Group, which it said could be worth £1bn.

Last month Home Retail Group issued a profit warning, blaming unpredictable trading during Black Friday and the key Christmas period.

Since that alert, its share prices slumped almost 18% but its stock rose more than 6%, or 6.6p, to 110.6p in early trading today.

It's not the first time rumours of a sale have surfaced but, as yet, they have come to nothing.


23 November 2015 00:01:00
By Tony
What a joke get sort head office

(Your email address will not be published)
3 + 1 =  
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories