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Talk of HRG falling out of FTSE 100

Traders reckon the Argos-owner could be relegated to the FTSE 250 alongside Cable & Wireless Worlwide, down 0.6 to 67.3p, at the next quarterly reshuffle on September 10.

Home Retail Group was one of the worst performers, shedding 9.3 to 235.2p. Traders, though, also blamed the group's fall on the negative sentiment generated by Next, which tumbled 170p to £20.29.

Source : Ben Harrington -

05 August 2010
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Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.

Martin Elliott. Chief Executive - Home Hardware.

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