BEIJING (AP) China is crafting new safety rules for oral care products, state media reported Wednesday, apparently propelled by international alarm over toothpaste producers’ use of a potentially toxic chemical found in antifreeze. Numerous countries have stopped imports of Chinese-made toothpaste in recent months for containing diethylene glycol, or DEG, which is also used as a low-cost Д and sometimes deadly Д substitute for glycerin, a sweetener in many drugs. A set of “strict...
B&Q owner hit by damp summer
Posted in stocks | Thursday, July 26th, 2007 | Trackback
Like-for-like sales at UK arm B&Q fell 1.5% in the 10 weeks to 14 July, prompting talk among analysts that the may be under threat.
Murphy waved away such fears today, insisting the bad news was a short-term issue.
‘It shouldn’t derail us. Investors will be prepared to look past an extremely difficult period,’ he said.
‘I know [Marks & Spencer’s] Stuart Rose said weather is for wimps but when you have the wettest weather on record, there is bound to be an impact.’
Asked if he had considered selling arks, Murphy replied: ‘We have all the materials if you want to build one yourself.’
Group sales grew 2.6% thanks to continued growth in Asia and Europe.
Other stories:
Buyout firms to offload Focus DIY
Kingfisher wary about B&Q leap
Kingfisher damps B&Q recovery
B&Q sees a chink of light on sales
Rate rises and debt hit High Street sales
Halfords riding high from Tour de France
Amazon delivers ‘blowout quarter’
Baugur in 121m Saks stake buy in US
TM Lewin collars a 91% profits rise
Shoppers face 10p tax on bags
