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Sainsbury reserves right not to proceed with formal bid for Home Retail

(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

Sainsbury's Says Some Home Retail Offer Pre-Conditions Are Waivable

South Africa's Steinhoff Follows Argos Bid With Darty Takeover Offer

Steinhoff International posts 67 pct jump in operating profit

JOHANNESBURG, Feb 29 (Reuters) - South African furniture and clothing group Steinhoff International , which wants to buy Britain's Home Retail, on Monday reported a 67 percent rise in half-year operating profit, boosted by growth in the discount market in Africa and Europe. Frankfurt-listed

Home Retail Group Completes Homebase Sale; Focus Now On Bids For It

BROKER RATINGS SUMMARY: Nomura Upgrades Burberry To Buy From Neutral

Wednesday broker round-up

(ShareCast News) - Standard Chartered: UBS reiterates neutral with a target price of 510p, JP Morgan stays at overweight, 725p target and Morgan Stanley keeps at underweight with a target price of 370p. Home Retail Group: Canaccord upgrades hold with a target price of 175p. Capital & Countries Prop

Europe's food retailers take bolder moves to fight Amazon

* Higher margins in non-food helps compensate for food squeeze * Sainsbury's CEO sees Argos boosting distribution network * Dutch, French deals help keep Amazon in check * Amazon moves into food so customers shop more often * Retail complexity comes at a cost By Emma

Sainsbury's wins 18 March Home Retail bid extension

(ShareCast News) - Sainsbury's has been given until 18 March to improve or call off its bid for Argos owner Home Retail Group, after Frankfurt-listed giant Steinhoff International gatecrashed the party. The grocer sought an extension from the Takeover Panel for its "put up or shut up" deadline to be

Tuesday newspaper round-up: Facebook, Cameron, Oil, Sainsbury's

(ShareCast News) - Mark Zuckerberg has launched a passionate defence of Free Basics, Facebook's limited free mobile internet service that was banned in India this month, as he promised to continue to push the programme in other developing countries. Talking publicly about the setback for the first t

UPDATE 1-Sainsbury given more time for Home Retail bid

* Takeover Panel extends Sainsbury deadline to March 18 * New date is same as for rival Steinhoff to bid or walk away * Home Retail shares close up 13 pct, Sainsbury down 2.3 pct (Adds detail, analyst comment, shares) By James Davey LONDON, Feb 22 (Reuters) - British sup

LONDON MARKET CLOSE: Stocks Shrug Off Brexit Fears But Pound Gets Hit

Sainsbury's given more time for Home Retail bid

LONDON, Feb 22 (Reuters) - British supermarket Sainsbury's has been given more time to table a firm bid for Argos-owner Home Retail after a possible higher rival offer from South African retail group Steinhoff International emerged on Friday. Home Retail said on Monday the Takeover Panel

Sainsbury Deadline To Make Firm Offer For Home Retail Group Extended

FTSE 250 movers: Home Retail leads risers over possible bidding war

(ShareCast News) - The FTSE 250 was firmly in the black on Monday, up 124.90 points (0.77%) to 16,282.96 by mid-afternoon. Home Retail Group led the risers following media reports over the weekend that Sainsbury's could seek an extension to the Takeover Panel's 18 March deadline, after South African