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A pre-tax loss of £12.9 million for the half ending June has been reported by Wickes, the timber and merchanting group. Last time it made a profit of £6.1 million.But chairman Henry Sweetbaum said the company had recovered in the second quarter after heavy rationalisation of its UK business, with a pre-tax profit of £1.1 million.Mr Sweetbaum warned that there is no sign of a significant improvement in the economy and that the company was unlikely to recover the full loss ...

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