Fri, 22nd Jul 2016 07:59
(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 more** Sainsburys shares up 3.2 pct, top of FTSE 100, after agreeing to buy Argos-owner Home Retail in 1.3 bln stg deal ** Deal values Home Retail at about 161.3p per share after Home Retail returns cash and capital to shareholders post sale of Homebase to Australia's Wesfarmers ** Home R
Read more(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 more(Adds detail) LONDON, Feb 2 (Reuters) - Sainsbury's, Britain's second-biggest supermarket, has agreed to buy Argos-owner Home Retail for 1.3 billion pounds ($1.87 billion) to boost its online credentials and expand beyond the cut-throat food sector. Home Retail, which said in January
Read more(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 moreLONDON, Feb 2 (Reuters) - Sainsbury's, Britain's second-biggest supermarket, said on Tuesday it had agreed a 1.3 billion pound ($1.87 billion) deal to buy Argos-owner Home Retail in cash and shares. Home Retail, which said in January it had rejected an earlier undisclosed offer from Sainsbu
Read more(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 more(ShareCast News) - The FTSE 250 started the month in the red, down 68.05 points (0.41%) to 16,419.67 by mid-afternoon on Monday. Vedanta Resources sank after Deutsche Bank cuts its target price for the mining company from 200p to 185p on lower than expected iron ore sales. The bank said Vedanta now
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