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Argos and Homebase to compensate customers mis-sold PPI


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The owner of Argos and Homebase has set aside £25m to compensate customers who were mis-sold payment protection insurance policies on household purchases ranging from televisions to kitchens.

 

The charge, which equates to 25% of Home Retail's profits this year, relates to PPI cover offered to shoppers who bought goods on credit through its financial services arm.

 

Although the store group has made similar provisions before, they were not made public as the amounts were thought too small to be material.

 

http://www.theguardian.com/business/2014/mar/13/argos-homebase-compensate-sold-ppi-home-retail

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