Home Retail nears Homebase sale for GBP340m cash
13th Jan 2016 21:18
(ShareCast News) - Home Retail has confirmed it is in advanced discussions to sell its Homebase arm to Australia's Wesfarmers Limited for £340m cash, possibly paving the way for suitor Sainsbury's to swoop again for the company's Argos business. Home Retail, which rejected a takeover offer from Sain
Read moreFTSE 250 movers: Oil prices help market stay mostly in the black
13th Jan 2016 15:23
(ShareCast News) - The FTSE 250 was in the black for most of Wednesday, before a sharp fall late in the afternoon sent it into the red. The second-tier market was down 2.79 points (0.02%) to 16,685.12 under an hour before the market was due to close. Oil and gas producers and service providers were
Read moreFTSE 250 movers: Ocado continues to slump
11th Jan 2016 15:09
(ShareCast News) - The FTSE 250 stayed in the red on Monday, down 43.10 points (0.26%) to 16,689.56 by mid-afternoon. Ocado Group led the fallers again on Monday, despite Barclays reiterating its 'equal weight' rating last week. It followed the company slumping at the start of the year and late last
Read moreSunday newspaper round-up: BT, Shire, Sainsbury's, Laird
10th Jan 2016 16:15
(ShareCast News) - A handful of much-anticipated deals could be announced in the coming week, according to the Sunday newspapers, including BT's acquisition of EE, Shire's takeover of Baxalta and Sainsbury's follow up offer for Home Retail. BT's acquisition of mobile phone network EE will be given f
Read moreFTSE 250 movers: Worsening conditions sees Poundland pounded
7th Jan 2016 14:47
(ShareCast News) - Stocks on the FTSE 250 plunged on Thursday, before recovering somewhat by the afternoon. The second-tier market was down 278.91 points (1.63%) to 16,780.07 by mid-afternoon. Poundland was the market's biggest victim after it said that disastrous trading conditions in November con
Read moreFormer Tesco boss Terry Leahy said to mull Home Retail bid
7th Jan 2016 08:07
(ShareCast News) - Former Tesco boss Sir Terry Leahy and US private equity firm Clayton Dubilier & Rice are reportedly mulling a possible bid for Home Retail Group to rival Sainsbury's. According to The Times, Leahy and Clayton Dubilier & Rice "ran the numbers" over the owner of Argos and Homebase l
Read moreThursday newspaper round-up: Osborne, World Bank, Sainsbury's
7th Jan 2016 07:16
(ShareCast News) - George Osborne is warning that 2016 could mark "the beginning of the decline" for Britain unless the country sticks to tough economic reforms, citing the Chinese slowdown and plummeting oil prices among "a dangerous cocktail of new threats". The pace of China's falling currency, n
Read moreAnalysts see 'genius or madness' in Sainsbury's Home Retail offer
6th Jan 2016 07:59
(ShareCast News) - Brokers remained undecided and a little perplexed by Sainsbury's revelation that it is pondering making another takeover bid for Home Retail after a November offer was rejected. Sainsbury's now has until 2 February to announce either a firm intention to make an offer or that it do
Read moreFTSE 250 movers: Home Retail surges as Sainsbury's indicates another takeover offer
5th Jan 2016 14:31
(ShareCast News) - The FTSE 250 was in the black by mid-afternoon Tuesday, up 60.04 points (0.35%) to 17,182.19. Home Retail Group surged after Sainsbury's revealed it is still considering making a takeover offer for Home Retail after a November approach for the FTSE 250 retail group was rejected.
Read moreSainsbury's mulling new offer for Home Retail after approach rejected
5th Jan 2016 12:23
(ShareCast News) - Sainsbury's has revealed it is still considering making a takeover offer for Home Retail after a November approach for the FTSE 250 retail group was rejected. The FTSE 100 grocer said it was considering its position but there was no certainty that this will result in a formal offe
Read moreHomebase eyed up by potential buyers
6th Dec 2015 10:27
(ShareCast News) - DIY retailer Homebase is being circled by a number of potential bidders, according to reports, with French company Leroy Merlin said to be leading the pack. Following a surprise pre-Christmas profit warning from owner Home Retail, interest in the chain has stepped up. Leroy Merli
Read moreFTSE 250 movers: Greene King's half year profit keeps market balanced
2nd Dec 2015 14:08
(ShareCast News) - The FTSE 250 was still in the green on Wednesday before the London Stock Exchange was due to announce which companies would be promoted and demoted from the FTSE 100 and 250. The market was up 17.18 points (0.1%) to 17,533.94 by mid-afternoon, but trending downwards. Greene King
Read moreHome Retail surges as former Garden Centre exec said to eye Homebase
1st Dec 2015 10:25
(ShareCast News) - Argos-owner Home Retail surged on Tuesday following a report that Nicholas Marshall, a former executive of the Garden Centre Group, is mulling a bid for Homebase. According to the Financial Times, Marshall has been looking at Homebase for the last couple of years and has been hold
Read moreBroker tips: Home Retail, Smiths Group, Genel Energy
21st Oct 2015 16:57
(ShareCast News) - Home Retail's interims did little to dispel the doubts of analysts at Canaccord Genuity about the ability of the company to turn around the financial performance of its Argos division. "The investment case on the shares hinges on a view of Argos, with Homebase in effect something
Read moreLondon close: Stocks struggle to find direction on lack of drivers
21st Oct 2015 16:16
(ShareCast News) - London stocks ended Wednesday's session flat after wavering throughout the day amid a lack of economic drivers. Equities struggled to find direction as there were few data releases apart from UK public finances, Markit's Household Finance Index and Japanese trade data. UK's headl
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