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Home Retail CEO to step down after Sainsbury's takeover

LONDON, June 10 (Reuters) - Home Retail, the Argos-store owner which is being acquired by Sainsbury's , said its chief executive John Walden would quit when the takeover by the supermarket is finalised, with Sainsbury's lining up its CFO to fill the roll. Sainsbury's said it would promote i

EXTRA: Home Retail Posts Best Sales Growth In 2 Years Ahead Of Merger

WINNERS & LOSERS SUMMARY: Essentra Shares Crushed By Profit Warning

UPDATE 1-Argos owner Home Retail raises provision for overcharging some customers

(Rewrites with comments on financial services provision, share price) LONDON, June 9 (Reuters) - Argos owner Home Retail said on Thursday it may need to increase a provision by up to 30 million pounds ($43 million) to compensate financial services customers who were overcharged, taking the

LONDON MARKET OPEN: Weak China Inflation Offsets Higher Oil Price

Home Retail Group's Argos reports best performance in 8 quarters

(ShareCast News) - Total first quarter sales at Home Retail Group's Argos chain grew by 2.6% to £868m, the company said, adding that net new space contributed 2.5%, mainly as a result of store openings in the previous financial year. Like for like sales at Argos grew by 0.1%, although the company sa

Home Retail's Argos has best quarter in two years

LONDON, June 9 (Reuters) - Home Retail's Argos reported its best quarterly sales performance in two years on Thursday, indicating the distraction of a yet to complete takeover by supermarket Sainsbury's has not damaged trade. The firm said Argos' total sales rose 2.6 percent to 868 million

TOP NEWS: Home Retail Sales Rise But Margin Suffers; Ups Provision

Thursday preview: Home Retail reports first quarter trading update sans Homebase

(ShareCast News) - Home Retail reports its first quarter trading update on Thursday which will cover only Argos following the completion of its Homebase disposal. DYI chain Homebase was sold to Australian firm Wesfarmers in February for £340m and rebranded as Bunnings, which was seen to make Home Re

UPDATE 2-UK supermarket Sainsbury's says prepared for price war escalation

* First quarter underlying sales fall 0.8 pct * Says market conditions remain challenging * Prepared for another round of UK price war (Recasts with CEO, analyst comment, shares) By James Davey LONDON, June 8 (Reuters) - Sainsbury's said on Wednesday it was prepared for

Sainsbury's cautious on outlook as first quarter sales dip

LONDON, June 8 (Reuters) - Sainsbury's, Britain's second biggest supermarket, on Wednesday reported a drop in quarterly underlying sales and cautioned that market conditions remained challenging. The firm, which in April agreed a 1.4 billion pounds ($2.04 billion) takeover of Argos-owner Ho

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Competition Panel Asks For Comment On Sainsbury's Home Retail Deal

Retail sales fall in April as cold hits footwear and fashion, says BRC-KPMG

(ShareCast News) - British retail sales in April fell on a like-for-like basis compared to last year, with non-food sales outweighing positive food sales. The monthly Retail Sales Monitor (RSM) from the British Retail Consortium (BRC) and KPMG showed total sales were flat for a second month in a row

UPDATE 2-UK supermarket Sainsbury's says more price cuts on the way

* 2015-16 profit falls 14 pct, but beats forecast * Sees food price deflation through summer and beyond * Shares fall as much as 5.8 percent (Adds CEO, analyst comments, Kantar link, shares) By James Davey LONDON, May 4 (Reuters) - British supermarket Sainsbury's said o