Business Services Industry
U.K. Conglomerate GUS Hands Back UKpound 200 Million, Considers Options.
Knight Ridder/Tribune Business News, May, 2004
By Fiona Walsh, Evening Standard, London Knight Ridder/Tribune Business News
May 25--Retail and financial conglomerate GUS is handing back UKpound 200 million to shareholders and says it will "review all strategic options" for the group over the next two years.
These could include the UKpound 4 billion demerger of its Experian credit-checking arm or the sale of a further chunk of its 66 percent stake in luxury goods group Burberry, which it floated two years ago.
News of the review came as the Argos and Homebase group reported top-of-the-range profits of UKpound 827 million before exceptionals and goodwill, a 29 percent increase. The figures were boosted by the record results from Burberry and by a first full-year contribution from...
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