Home Retail Group(HOME)

Sector:

General Retailers

Index:

FTSE 250

Market Cap

£2,086.13m

Change Today

Price Down-4.75p

Share Price

237.75p

Argos workers to strike over pay

Date: Monday 07 Jul 2008

LONDON (ShareCast) - A series of 24-hour strikes and a four-day walkout are set to hit four regional distribution centres operated by Argos in a row over pay, it emerged Monday.

Two-thirds of workers voted to down tools, said union Unite, having rejected a 4% pay deal with the high street catalogue chain.

The strike dates at the centres in Basildon, Bridgwater, Heywood and Magna Park in Leicestershire are due to be announced later this week.

Argos, owned by Home Retail Group, has angered staff with its wage proposal and claims that the firm wants to erode the sick pay scheme.

"A below inflation wage offer is a pay cut and this is totally unacceptable to our members," said Unite national secretary Jennie Formby.

"They are already struggling to keep up with rising food and energy costs," she added.

Argos reported record full year profits at the end of April, an increase in revenue to £4.32bn and 0.7% growth in like for like sales.

Last month, figures revealed the unit had started the year as expected, with sales up 4% to £929m during the 13 weeks from 2 March to 31 May, while flat like for like sales were better than the drop of 2 or 3% analysts had feared.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HOME Market Data

Currency UK Pounds
Share Price 237.75p Price Down
Change Today -4.75p
52 Week High 436.00p
52 Week Low 188.00p
Volume 9,982,651
Shares Issued 877.45m
Market Cap £2,086.13m
Beta 1.48
RiskGrade 270

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
84.33% above the market average84.33% above the market average84.33% above the market average84.33% above the market average84.33% above the market average
59.46% above the sector average59.46% above the sector average59.46% above the sector average59.46% above the sector average59.46% above the sector average
Price Trend
13.85% above the market average13.85% above the market average13.85% above the market average13.85% above the market average13.85% above the market average
37.66% above the sector average37.66% above the sector average37.66% above the sector average37.66% above the sector average37.66% above the sector average
Income
72.73% above the market average72.73% above the market average72.73% above the market average72.73% above the market average72.73% above the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Growth
11.22% below the market average11.22% below the market average11.22% below the market average11.22% below the market average11.22% below the market average
1.41% below the sector average1.41% below the sector average1.41% below the sector average1.41% below the sector average1.41% below the sector average
Price Chg 6m
30.38% above the market average30.38% above the market average30.38% above the market average30.38% above the market average30.38% above the market average
50.65% above the sector average50.65% above the sector average50.65% above the sector average50.65% above the sector average50.65% above the sector average
P/E
44.94% above the market average44.94% above the market average44.94% above the market average44.94% above the market average44.94% above the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average
PEG
33.33% above the market average33.33% above the market average33.33% above the market average33.33% above the market average33.33% above the market average
16.13% above the sector average16.13% above the sector average16.13% above the sector average16.13% above the sector average16.13% above the sector average
Dividend Yield
48.80% above the market average48.80% above the market average48.80% above the market average48.80% above the market average48.80% above the market average
12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average
EPS Growth
35.64% above the market average35.64% above the market average35.64% above the market average35.64% above the market average35.64% above the market average
45.83% above the sector average45.83% above the sector average45.83% above the sector average45.83% above the sector average45.83% above the sector average
Operating Margin
3.15% below the market average3.15% below the market average3.15% below the market average3.15% below the market average3.15% below the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average

What The Brokers Say

Strong Buy 6
Buy 3
Neutral 7
Sell 4
Strong Sell 2
Total 22
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HOME Dividends

  Latest Previous
  Final Interim
Ex-Div 21-May-08 14-Nov-07
Paid 23-Jul-08 23-Jan-08
Amount 10.00p 4.70p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

HOME Key Personnel

Chair Oliver Stocken
CEO Terry Duddy
Finance Director Richard Ashton

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