Financial Times FT.com

Rising costs turn Aga on to electricity

By Michael Kavanagh

Published: August 29 2008 20:28 | Last updated: August 29 2008 20:28

Stalled demand for Aga ranges and a downturn in sales of its sister brand of Stanley in Ireland have damped half-year profits growth at Aga Rangemaster.

William McGrath, chief executive of the upmarket kitchen goods maker and retailer, admitted concerns about rising fuel costs had dented demand for its flagship Aga cookers, which typically cost £7,500 to supply and install.

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