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Wickes investors slam report on profits overstatement as trade buyers wait in the wings

Institutional investors in Wickes criticised the company’s report on its profits overstatement. They said it dealt too lightly with the group’s former directors. Potential trade buyers for the business include Kingfisher but many of the sites are too small or in unsuitable locations for its B&Q chain.

  • The Independent 18/10/96 page 22

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