City column: by Austin Friars.

Carpet/Flooring/Retail, November, 2004

by Austin Friars

GUS gained 39p in the month, although news of a trading slowdown pulled the shares back from recent highs. Analysts, led by the bulls at Merrill Lynch - their price target is 965p - hope that the continuing success of credit checking agency Experian will offset any further retail deterioration. It forecasts full year profits of around #930m and, failing further demergers, the near certainty of #1bn plus next year.

Courts lost 18p, struggling in the UK, and finding additional trading grief in the West Indies, where 29 stores were hit by hurricane Ivan. Analysts increased their full-year loss forecasts to around #25m, and a judicious columnist in the Financial Times effectively advised investors to get out at any price.

Kingfisher...

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