skip to main content
Find Insight DIY on
* * *

UK DIY News

Bid hopes continue to lift Home Retail Group

HOME Retail Group was in demand yesterday amid speculation it could be a target for a supermarket predator.

Shares in the £1.9billion Argos and Homebase operator climbed 5p to 231¼p as traders reckoned Wm Morrison, 1p higher at 279p, could go on the acquisition trail to build new revenue streams beyond groceries, a process that may also involve working with fashion guru George Davies.

Despite suggestions Morrisons could return £1billion to shareholders, Shore Capital’s Clive Black argued this “would not do Morrisons much good whatsoever until its strategic challenges are overcome”. Home Retail and Matalan are both seen as potential targets for supermarkets, but Black also flagged the possibility of Morrisons buying an online clothing retailer.

Source : David Shand - Express.co.uk

10 February 2011
view more UK DIY News
*

Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.

*
Paul Boyce - European CEO, QEP Ltd.
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry