Argos owner's chairman to step down

Thursday 29 March 2012 22:48 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The chairman of Home Retail Group is stepping down after a period of falling profits and sales at the owner of Argos and Homebase.

Oliver Stocken, who has worked with the two businesses for 12 years, will exit in July from Home Retail, which is expected to have suffered a 61 per cent fall in profits to £99m for the year to 25 February. He will be replaced by John Coombe, the senior independent director.

Shares in Home Retail Group fell by 1.6p to 112p.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Argos owner's chairman to step down

Join our commenting forum

Thank you for registering