Home 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 moreBroker tips: Tullow Oil, Sainsbury's, Shire
21st Mar 2016 12:34
(ShareCast News) - Jefferies downgraded Tullow Oil to 'underperform' from 'hold' with an unchanged price target of 166p. The bank said it was increasingly concerned over operational issues at the Jubilee field, which is a fundamental stock risk overriding opportunity from oil shows in a new Kenya ba
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 moreWednesday broker round-up
16th Mar 2016 15:55
(ShareCast News) - Hikma Pharmaceuticals: Panmure Gordon upgrades to buy with a target price of 2120p. Greggs: Berenberg upgrades to hold, 1020p target. Firestone Diamonds: Panmure Gordon reiterates buy with a target price of 27p and Finncap stays at buy with a target price of 51p. Cairn Energy: C
Read moreBroker tips: Sainsbury's, Thomas Cook, WANdisco
16th Mar 2016 15:53
(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 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 moreLondon pre-open: Stocks seen lower after BoJ stands pat
15th Mar 2016 07:12
(ShareCast News) - London stocks are set to open lower on Tuesday following a mostly weaker session in Asia, after the Bank of Japan decided to keep interest rates unchanged in negative territory. The FTSE 100 is seen starting 29 points lower than Monday's close at 6,145. Central bank meetings will
Read moreSainsbury's enjoys fourth quarter sales bounce, boosted by boodles
15th Mar 2016 07:04
(ShareCast News) - Sainsbury's posted positive sales growth in the fourth quarter, the first quarterly sales growth in more than two years, good news it would expect to boost its shares and its bid to acquire Home Retail Group. With transactions and volumes both heading in the right direction, the s
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 moreTesco stopping the rot as Sainsbury's strong run continues, Kantar says
8th Mar 2016 08:04
(ShareCast News) - Sainsbury's was the only one of the Big Four supermarkets to enjoy increased spending in the last three months, though Tesco halved its sales decline, according to data from Kantar Worldpanel. Morrisons sales continued to slide due to the sale of its convenience stores, though its
Read moreSainsbury reserves right not to proceed with formal bid for Home Retail
3rd Mar 2016 14:34
(ShareCast News) - Sainsbury cautioned investors it might not go ahead with a formal bid for Home Retail Group. However, the company simultaneously backtracked on the conditions announced on 2 February for any such bid; namely, the completion of its due-diligence of its rivals' books and a recommend
Read moreSunday newspaper round-up: Pound, GSK, Sainsbury's, HSBC
28th Feb 2016 17:29
(ShareCast News) - Sterling will fall to $1.28 by the end of 2016, its lowest level against the US dollar in three decades, currency strategists have cautioned. If Britain votes to leave the European Union the fall will be even worse, the Sunday Telegraph reported that Deutsche Bank analysts saw a f
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