Home Retail Group Plc , the U.K. retailer that cut its profit forecast last month, rose the most in almost three months in London trading after U.S. investment firm Madison Dearborn Capital Partners increased its stake.
Home Retail Group Plc, the owner of U.K. chains Argos and Homebase, rose to the highest price in 17 months after saying that accelerating sales growth at Argos over the holidays means full-year earnings will beat estimates.
Home Retail Group Plc said it’s less cautious about the outlook for sales this year as an expanded multi-channel offering and wider product range attract more shoppers to U.K. store chains Argos and Homebase.
Price wars on toys are as much of a British Christmas tradition as turkey dinners. In a season when shoppers are cutting back on almost everything apart from their children, the battle to supply Santa is fiercer than ever.