Argos lifts FTSE

A bullish set of half-year results buoyed Argos owner Home Retail Group today, providing a lift to other firms in the retail sector.

Wed, 24 Oct, 2007 - 12:36

A bullish set of half-year results buoyed Argos owner Home Retail Group today, providing a lift to other firms in the retail sector.

Home Retail was up almost 4%, or 14p to 401p, after it said pre-tax profits rose by an expectation-beating 40% as a strong performance at Argos offset weaker trading at Homebase.

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