News

Sector movers: Retailers suffer as Homebase sales slide

22 October 2008 10:29:00

Retailers are lower after Argos and Homebase owner Home Retail Group reported falling sales.

"The challenging conditions look set to remain for some time, and indeed have worsened in the turbulent recent weeks," said boss Terry Duddy.

"If these conditions continue through our peak trading months of November and December, the profit outcome for the year would likely be around the bottom of current market expectations."

B&Q owner Kingfisher also falls.

With crude prices falling below $70 a barrel, oil equipment and services stocks are in the red.

Wellstream Holdings, Wood Group and Lamprell are firmly lower adding to the losses they have sustained in line with oil's more than 50% drop in recent months.

Top performing sectors so far today
Automobiles & Parts 2,469.62 +3.99%
Beverages 5,749.46 +1.15%
Industrial Transportation 1,535.08 +0.99%
Household Goods 4,905.24 +0.32%

Bottom performing sectors so far today
Mining 10,467.58 -5.19%
Oil Equipment Services & Distribution 9,200.83 -4.39%
General Retailers 949.74 -3.94%
Software & Computer Services 343.87 -3.38%
Industrial Metals 1,790.61 -3.37%

All data suppied by Digital Look (15 minute delay)




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