Retail stocks jump on foot of takeover speculation

Shares in retail stocks jumped ahead today as investors reacted to speculation over possible takeover interest in B&Q owner Kingfisher.

Mon, 12 May, 2008 - 12:52

Shares in retail stocks jumped ahead today as investors reacted to speculation over possible takeover interest in B&Q owner Kingfisher.

Kingfisher shares rose 5% or 7.8p to 154.1p, while Marks & Spencer, Next and Argos owner Home Retail Group occupied the next three positions on the FTSE 100 Index risers board.

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