Price to be paid for Focus Wickes

Focus Wickes will be offering its shares at a price ranging from £ 2.30 to £ 2.90 (€ 3.60 to € 4.54) each. That means the issue price is lower than analysts on the London stock exchange generally expected. British newspapers speculate that this is intended to ensure sufficient investor interest when the company goes public. They consider that Homebase’s intention to obtain a listing on the stock market as well over the next few months will militate against any postponement.