Argos owner, Home Retail, announces €687m drop in value

The owner of Homebase today slashed £542m (€687m) from the value of the struggling DIY chain and warned of the impact of recent financial turmoil on profits.

Argos owner, Home Retail, announces €687m drop in value
Wed, 22 Oct, 2008 - 08:40

The owner of Homebase today slashed £542m (€687m) from the value of the struggling DIY chain and warned of the impact of recent financial turmoil on profits.

Home Retail Group said it would cut costs and investment in Homebase as the economic outlook deteriorates.

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