Thursday newspaper share tips: 888 Holdings, Steinhoff, Poundland
1st Sep 2016 19:00
(ShareCast News) - 888 Holdings is a classic case of 'prey turned predator', The Times´s Tempus said. Owning its own technology - unlike most of its would be suitors - had allowed the company to maintain a steady rate of organic growth over the past five years - and turn the tables on its rivals. S
Read moreSainsbury's £1.4bn Home Retail acquisition gets CMA approval
22nd Jul 2016 07:59
(ShareCast News) - The £1.4bn combination of Sainsbury's and Argos owner Home Retail Group was a step closer on Friday, with the Competition and Markets Authority dropping its investigation and allowing the acquisition by the supermarket to proceed. On 1 April, the boards of Sainsbury's and Home Ret
Read moreFriday broker round-up
10th Jun 2016 15:10
(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 160p. Glencore: JP Morgan keeps at neutral with a 150p target. Home Retail: HSBC stays at hold with a target price of 165p. Booker: HSBC keeps at buy with a target of 230p. Safestore: Berenberg stays at buy with a target pr
Read moreHome Retail Group's Argos reports best performance in 8 quarters
9th Jun 2016 07:17
(ShareCast News) - Total first quarter sales at Home Retail Group's Argos chain grew by 2.6% to £868m, the company said, adding that net new space contributed 2.5%, mainly as a result of store openings in the previous financial year. Like for like sales at Argos grew by 0.1%, although the company sa
Read moreThursday preview: Home Retail reports first quarter trading update sans Homebase
8th Jun 2016 13:04
(ShareCast News) - Home Retail reports its first quarter trading update on Thursday which will cover only Argos following the completion of its Homebase disposal. DYI chain Homebase was sold to Australian firm Wesfarmers in February for £340m and rebranded as Bunnings, which was seen to make Home Re
Read moreRetail sales fall in April as cold hits footwear and fashion, says BRC-KPMG
10th May 2016 10:27
(ShareCast News) - British retail sales in April fell on a like-for-like basis compared to last year, with non-food sales outweighing positive food sales. The monthly Retail Sales Monitor (RSM) from the British Retail Consortium (BRC) and KPMG showed total sales were flat for a second month in a row
Read moreHome Retail hit by impairment charge from Sainsbury's takeover
27th Apr 2016 08:09
(ShareCast News) - Argos owner Home Retail Group reported a full pre-tax loss of £804m after taking a hit from a £852m impairment charge as a result of its £1.4bn takeover by Sainbury's. The loss compares with a £93.8m profit in the year to February 2015. Sales fell 1% to £5.68bn, with revenues from
Read moreHome Retail agrees to recommend Sainsbury's offer
1st Apr 2016 07:05
(ShareCast News) - The board of Home Retail has agreed to recommend Sainsbury's takeover offer, with the grocer applying for a court-sanctioned scheme of arrangement to process the acquisition Sainsbury's, which still expect the traction to complete in the third quarter of this year, has offered Hom
Read moreSainsbury's yet to win over analysts as path cleared for Home Retail offer
21st Mar 2016 10:24
(ShareCast News) - Sainsbury's has not entirely won over analysts despite being allowed an unchallenged path to the takeover of Argos owner Home Retail on Friday, with several remaining neutral and Goldman Sachs maintaining a 'sell' rating. After Steinhoff International unexpectedly withdrew its riv
Read moreHome Retail slumps as Steinhoff backs out, Sainsbury's ups bid
18th Mar 2016 15:28
(ShareCast News) - Shares in Argos owner Home Retail Group tumbled in afternoon trade after Steinhoff International Holdings abandoned the chase in favour of a bid for Darty, clearing the path for Sainsbury's, which later upped its bid. "Steinhoff now confirms that it does not intend to make an offe
Read moreFriday newspaper round-up: Sainsbury's, Hinkley Point, Oil, GSK
18th Mar 2016 07:13
(ShareCast News) - The new administrators of Libor are overhauling the way it is calculated, reducing its reliance on banker estimates in an attempt to restore faith in the scandal-hit rate. US markets operator Intercontinental Exchange took over administration of the London Interbank Offered Rate i
Read moreFriday preview: Berkeley's reports and Sainsbury's hits Argos deadline
17th Mar 2016 12:32
(ShareCast News) - As well as the deadline for Sainsbury's to make a further bid to acquire Argos owner Home Retail, Friday also sees housebuilder Berkeley Group's full year interims amid the slowdown in the prime central London property market. The City expects the Berkeley to report a drop in earn
Read moreNomura cuts Sainsbury's target price ahead of Argos bid deadline
16th Mar 2016 12:27
(ShareCast News) - Nomura has cut its price target on Sainsbury's ahead of Friday's bid deadline for Argos owner Home Retail, after an uneventful trading update. With the grocer's shares having risen to 280p, Nomura calculated that around 50p of that was from the value-creating potential of the Argo
Read moreSunday newspaper round-up: Budget, Sainsbury's, Virgin Media, Reuters
13th Mar 2016 15:18
(ShareCast News) - George Osborne look to grab as much as £20bn to fill shortfalls in his Budget this Wednesday, making deep cuts in public spending, an increased insurance premium tax and other new or increased duties and taxes, while also looking to cut taxes for North Sea oil producers. The Sunda
Read moreHome Retail's Argos sales improve at year-end
10th Mar 2016 07:46
(ShareCast News) - Home Retail Group reported an improvement in sales at its Argos stores in the final eight-week trading period for the financial year ended 27 February. The FTSE 250 company, which recently sold Homebase and is currently the subject of a bidding war between South African retailer S
Read more