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HRG sales up by 15pc

HOME Retail Group has delivered a stronger-than-expected finish to the year at its Argos and Homebase businesses.

The group is beginning to see results from a turnaround plan aimed at pushing Argos sales up 15pc to €4.7bn by 2018.

It is reinventing Argos, which makes around 70pc of group revenue, from a catalogue firm to a digitally-led business.