Strong trade

ANNUAL profits at Home Retail Group will be £20 million better than expected after strong trading at its Homebase and Argos chains.

The company yesterday raised forecasts for the year to 27 February as Argos performed ahead of hopes with like-for-like sales growth of 0.1 per cent and Homebase delivered a 4 per cent rise in same-store sales in the 18 weeks to 2 January.

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