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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