UK's Home Retail warns on annual profit
LONDON, Oct (HKSE: 3366-OL.HK - news) 21 (Reuters) - Home Retail (Other OTC: HMRLF - news) , Britain's biggest household goods retailer, warned on its full-year profit outlook on Wednesday, blaming trading uncertainty ahead of Black Friday and increased investment at its Argos chain.
The firm, which also owns Homebase, said it expected full-year underlying profit before tax to be slightly below the bottom end of the current range of market expectations of 115-140 million pounds ($177-$216 million).
Home Retail also reported a pretax profit of 34.1 million pounds for the six months to August 29.
($1 = 0.6482 pounds) (Reporting by James Davey; editing by Jason Neely)