MARKET TALK: Home Retail In-Line; Argos Sales Disappointing

10th Jun 2010 07:50

0650 GMT [Dow Jones] Home Retail's (HOME.LN) 1Q results are in line with forecasts overall, but sales at Argos are disappointing, says Shore Capital analyst Kate Calvert. Says sales at Homebase are a little better than forecasts and indicated the group has taken market share. However, says the group's outlook, although in line with consensus, will disappoint investors. Buy rating. Shares closed Wednesday at 238p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 10, 2010 02:50 ET (06:50 GMT)

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