Retail stocks push up FTSE

Retail stocks pushed the FTSE 100 Index higher today as takeover speculation surrounded Argos owner Home Retail Group.

Retail stocks push up FTSE
Mon, 12 Apr, 2010 - 18:22

Retail stocks pushed the FTSE 100 Index higher today as takeover speculation surrounded Argos owner Home Retail Group.

Talk of a potential bid by supermarket chain Asda – whose chief executive Andy Bond is moving to a part-time chairman role – saw Home Retail’s shares top the risers board, adding 13.8p to 294.2p or 5%.

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