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Kingfisher biggest loser in shares tailspin

Published: 3 January 2008
Kingfisher has been the worst blue chip performer after a gloomy outlook statement from Next and a profit warning from DSG International – the owner of Currys – today sent shares in the retail sector into a tailspin.
Kingfisher biggest loser in shares tailspin
The TIMESONLINE website reported that the B&Q parent company saw 7% shaved off this morning's opening share price to leave it at a record low of 136.5p.

The Home Retail Group - owner of Homebase and Argos - lost 6.6% to 299p.

Next, which last year opened two housewares-only stores in the UK - reported a like-for-like fall in sales of 3.2% in the second half and warned that it did not expect a return to sales growth in 2008.

It said it expected many customers to feel the pressure from the expiry of fixed rates on their mortgages.

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