Currys drags down FTSE

A profits warning from Currys owner DSG International weighed on retailers today and pushed blue-chip stocks into negative territory.

Currys drags down FTSE
Thu, 18 Oct, 2007 - 18:49

A profits warning from Currys owner DSG International weighed on retailers today and pushed blue-chip stocks into negative territory.

The firm said first-half profits would take a £20m hit after a cut-price clearance at PC World impacted margins, causing shares to slide 9%, or 11.9p, to 124.1p.

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CourtsBusinessHeathrowPlace: RussiaPerson: Taylor WimpeyEvent: European ChampionshipsOrganisation: CurrysOrganisation: FTSEOrganisation: DSG InternationalOrganisation: PC WorldOrganisation: Bank of AmericaOrganisation: KingfisherOrganisation: DSGOrganisation: ArgosOrganisation: Home Retail GroupOrganisation: Marks & SpencerOrganisation: England football teamOrganisation: Sports WorldOrganisation: Sports Direct InternationalOrganisation: JJB SportsOrganisation: JD SportsOrganisation: John David GroupOrganisation: UmbroOrganisation: International Monetary FundOrganisation: Barratt DevelopmentsOrganisation: FosterOrganisation: NewcastleOrganisation: CarlsbergOrganisation: HeinekenOrganisation: PeroniOrganisation: SABMillerOrganisation: British AirwaysOrganisation: American AirlinesOrganisation: AMR Corp.Organisation: Cadbury SchweppesOrganisation: ABN AmroOrganisation: NestleOrganisation: MothercareOrganisation: Early Learning CentreOrganisation: Bradford & BingleyOrganisation: Collins StewartOrganisation: Alliance & LeicesterOrganisation: FootsieOrganisation: Smith & NephewOrganisation: RexamOrganisation: Mitchells & ButlersOrganisation: Hammerson
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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