City File: DIY doubts
Your support helps us to tell the story
This election is still a dead heat, according to most polls. In a fight with such wafer-thin margins, we need reporters on the ground talking to the people Trump and Harris are courting. Your support allows us to keep sending journalists to the story.
The Independent is trusted by 27 million Americans from across the entire political spectrum every month. Unlike many other quality news outlets, we choose not to lock you out of our reporting and analysis with paywalls. But quality journalism must still be paid for.
Help us keep bring these critical stories to light. Your support makes all the difference.
Wickes has fully shared in the euphoria surrounding anything to do with building or DIY. The shares have nearly doubled to 114p since Black Wednesday.
But the company's history in the 10 years since it was spun off from its troubled American parent has included unhappy accidents, such as the overpriced purchase of Hunter timber in 1988. The basic builder's merchants business at Wickes is sound enough, but doubts over Hunter's recovery - and prospects for its European subsidiaries - may hold the shares back, even if Thursday's interims show a recovery.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments