Essential reading for retailers and suppliers in the home improvement market

Kingfisher biggest loser in shares tailspin

Published: 3 January 2008
Kingfisher has been the worst blue chip performer after a gloomy outlook statement from Next and a profit warning from DSG International – the owner of Currys – today sent shares in the retail sector into a tailspin.
Kingfisher biggest loser in shares tailspin
The TIMESONLINE website reported that the B&Q parent company saw 7% shaved off this morning's opening share price to leave it at a record low of 136.5p.

The Home Retail Group - owner of Homebase and Argos - lost 6.6% to 299p.

Next, which last year opened two housewares-only stores in the UK - reported a like-for-like fall in sales of 3.2% in the second half and warned that it did not expect a return to sales growth in 2008.

It said it expected many customers to feel the pressure from the expiry of fixed rates on their mortgages.

Comments


(Your email address will not be published)
8 + 8 =  
Already Registered?
Sign In
Not Yet Registered?
Register
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

Wally
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