Home Retail a 'sell' after Sainsbury's takeover offer, says Canaccord
2nd Feb 2016 09:48
(ShareCast News) - Home Retail had its 'sell' rating reiterated by Canaccord Genuity on Tuesday after the company agreed on the terms of a takeover bid from J Sainsbury. Sainsbury's has offered £1.3bn for the owner of Argos, equivalent to 161.3p a share. Home Retail shareholders will receive 55p in
Read moreLondon pre-open: Stocks seen lower as attention turns to construction data
2nd Feb 2016 07:30
(ShareCast News) - London stocks are expected to open weaker on Tuesday, as investors look to the release of UK construction data. The FTSE 100 is seen starting 36 points lower than Monday's close at 6,024. "The latest manufacturing PMI numbers out of the UK showed a modest pickup in economic activ
Read moreSainsbury's and Home Retail agree deal
2nd Feb 2016 07:11
(ShareCast News) - Sainsbury's and Home Retail have come to an agreement over the terms of a deal that values the FTSE 250 retailer at about £1.3bn. Home Retail shareholders will receive 55p in cash and 0.321 Sainsbury's shares for each of their Home shares. They will also receive a payout of 25p p
Read moreSainsbury and Home Retail said to near agreement on price
1st Feb 2016 13:14
(ShareCast News) - Home Retail shares surged on Monday following a report that it was nearing an agreement with Sainsbury on the price the supermarket retailer will pay for the Argos owner. Bloomberg cited people familiar with the matter as saying that a price of between 160p and 165p a share was be
Read moreSunday newspaper round-up: Sainsbury-Home Retail, RBS, IHG, Ladbrokes
31st Jan 2016 16:24
(ShareCast News) - As Tuesday's takeover deadline approaches, Sainsbury's has made a bid of 150p per share for Argos owner Home Retail Group, which is shy of the 170p apparently being demanded. The Sunday Telegraph cited sources that suggested a middle-ground 160p bid would be enough to announce the
Read moreHome Retail acquisition hits the skids, report claims
29th Jan 2016 11:33
(ShareCast News) - Sainsbury's acquisition of Home Retail has stalled, according to the Financial Times. A wide gap in the two sides' valuation of Home Retail shares was said to be the divisive issue. Nonetheless, the FT cited sources who said talks were still ongoing and a break-through was still
Read moreSunday newspaper round-up: HMRC's new tax deals, Tesco's debt, Sainsbury's
24th Jan 2016 16:11
(ShareCast News) - In the wake of Google's £130m tax settlement with the UK taxman, other giant US corporations are close to shaking hands on their own deals. HM Revenue & Customs officials have confirmed to the Sunday Times that Amazon, Facebook, Microsoft and McDonald's are all close to agreements
Read moreFTSE 100 movers: Sports Direct falls as shareholder's concerns laid out
18th Jan 2016 14:06
(ShareCast News) - The FTSE 100 was in a slow decline by mid-afternoon Monday, down 27.76 points (0.48%) to 5,776.34. Sports Direct was the biggest faller after one of the retailer's major investors voiced its concerns about its relationship with Nike as well as its website offering. In comments pu
Read moreSunday newspaper round-up: Iran worries, bank start-ups, National Grid, Argos
17th Jan 2016 16:32
(ShareCast News) - Tumbling Middle East stock markets in the wake of the lifting of Iran's economic sanctions have set the scene for another white-knuckle ride on the FTSE 100 in the coming week. The possibility of a new wave of oil flowing from Iran oil onto an already saturated markets sent all se
Read moreHome 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 100 movers: China confidence boosts miners
13th Jan 2016 14:05
(ShareCast News) - The FTSE 100 was in the black again on Wednesday, up 73.00 points (1.23%) by mid-afternoon to 6,002.24. Miners led the way as confidence was restored somewhat in China, the world's largest commodities importer after data showed China's trade surplus rose more than expected. It wi
Read moreBroker tips: Sainsbury's, BBA Aviation, Lloyds
13th Jan 2016 12:55
(ShareCast News) - Sainsbury's third quarter highlights the group's compelling strategy and differentiation from the other 'Big Four' supermarkets, Societe Generale said on Wednesday. The company's like-for-like (LFL) retail sales were down 0.4% over the festive third quarter but by less than the 0.
Read moreSainsbury's a 'buy' after third quarter beat, says Societe Generale
13th Jan 2016 12:05
(ShareCast News) - Sainsbury's third quarter highlights the group's compelling strategy and differentiation from the other 'Big Four' supermarkets, Societe Generale said on Wednesday. The company's like-for-like (LFL) retail sales were down 0.4% over the festive third quarter but by less than the 0.
Read moreLondon pre-open: Stocks seen higher after better-than-expected China data
13th Jan 2016 07:15
(ShareCast News) - London stocks are expected to open higher on Wednesday following the release of better-than-expected trade data from China. The FTSE 100 is seen starting 54 points higher than Tuesday's close at 5,983. "This morning's latest China December trade data showed that exports only fe
Read moreSainsbury's expects stronger second half after happy Christmas
13th Jan 2016 07:04
(ShareCast News) - Sainsbury's like-for-like retail sales were down 0.4% over the festive third quarter but by less than the 0.7% forecast, leading the grocer to say that the second half as a whole is likely to be better than the first. The supermarket, which is continuing to mull a bid for Home Ret
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